The laws concerning bankruptcy filings are complicated and vary from state to state. This is why it is essential for individuals who want to file for bankruptcy in Minneapolis to contact a local bankruptcy attorney. Engaging the services of a professional will ensure that your interests are well taken care of. It also reduces the uncertainties involved with filing for Chapter 7 bankruptcy, making the process a lot easier.
Understanding Chapter 7 Bankruptcy
A Chapter 7 filing removes most of your unsecured debts, such as medical and credit card bills, freeing you from paying back any balances owed through a repayment plan. However, because Chapter 7 bankruptcy is geared towards debtors with low income and little or no assets, you must meet the income requirements to qualify for this form of bankruptcy.
Chapter 7 bankruptcy could also work for individuals whose total debt exceeds the value of their sold properties – especially if the resulting funds will be applied to non-dischargeable funds such as support arrears or income tax.
Ensuring the Success of a Chapter 7 Filing in Minneapolis
A good way to ensure the success of a Chapter 7 bankruptcy filing is by hiring an experienced bankruptcy attorney. You should look for lawyers who are well-versed in bankruptcy law and have successfully handled numerous bankruptcy cases – especially Chapter 7 cases.
Furthermore, you should hire an attorney that is easily accessible and will take the time to listen to your needs. You should be able to schedule appointments easily and call to find out how your case is progressing.
If you are looking for an experienced Chapter 7 bankruptcy attorney in Minneapolis, MN, you should visit Hoverson Law Offices. For more information and to request a quote, please visit our contact page.