FAQs About Bankruptcy in Minnesota

Bankruptcy in Minnesota mirrors procedures in most other states. However, there are certain peculiarities that everyone filing should be aware of. The following frequently asked questions are often submitted by people looking to file bankruptcy. What can bankruptcy do...

Filing for Personal Bankruptcy in Minnesota

No one’s bucket list includes filing for Chapter 7 bankruptcy in Minnesota. However, it may be the most responsible thing to do for you or your family. The economy these days may not be what it was when you started working. Things have changed. Businesses are...

Chapter 7 v Chapter 13 Bankruptcy

You are in financial trouble if you owe more than you can pay. It happens more often than you think. One day you are purchasing or making financial commitments that seem reasonable, the next day you find yourself in a deep financial hole. That is a frightening...

The Benefits of Filing Chapter 7 Bankruptcy

Be honest. No one wants to file for bankruptcy, but sometimes, when all else fails, it is the only solution. You need to start fresh, clear your debts, and get on track toward financial recovery. It is important to know which type of bankruptcy best suits your...

Will Student Loans Be Forgiven in 2020?

Because of the current COVID 19 pandemic and the passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020, many people are wondering if student loans will also be forgiven in 2020. The CARES Act was an economic relief plan worth over...

Student Loan Deferment

Student loan deferment is a postponement of making student loan payments for a period of time, generally up to about three years. If the loan is a subsidized government loan, interest does not accumulate during the deferment period, but if it is not, interest may...

Student Loan Forgiveness

The average student loan debt is now over $37,000 per student in the U.S. This means that many new graduates are starting out their professional lives with hefty monthly payments to make on this debt. Fortunately, there are programs that offer student loan...

Business Bankruptcy FAQ

It’s an unfortunate fact that a large majority of small businesses do not survive for more than a year after they are start. Many businesses start with big dreams but very little planning, and the business owners do not understand the market for their products...