Chapter 7 bankruptcy is just one type that you can file for financial help in the State of Minnesota. This bankruptcy type can be declared by an individual or a business. It allows them to discharge (cancel) their debts to their creditors. If this application is accepted, then the legal status is given as a court order, which discharges the debts within 90 days after the case is filed . With the help of Hoverson Law Offices, P.A., you can be rest assured that your financial future is protected. Our years of experience means that we understand the bankruptcy process ahead, and we can guide you along the way.
Understanding the Specifics of Chapter 7 Bankruptcy
Any non-exempt assets that have been liquidated will be documented. With Chapter 7 bankruptcy, you can keep certain assets during the process, including a house, car, and other things necessary for daily living. The proceeds that are earned on selling other things are put toward paying down the debt owed. When preparing to file for Chapter 7 bankruptcy, you must gather many documents including loan statements, bank statements, and credit card statements for our Chapter 7 attorney to review during a free debt evaluation. During this evaluation, a means test is done. This type of bankruptcy doesn’t require a lot of paperwork and can be a fast process. Our bankruptcy attorney can help make this as stress-free as possible for you.
Schedule a Free Legal Consultation with a Bankruptcy Attorney in Minneapolis Today
To learn more about Chapter 7 bankruptcy and to determine if you’re eligible for it, contact our bankruptcy attorney at Hoverson Law Offices, P.A.. We serve the Minneapolis, Minnesota community. Our attorney understands all bankruptcy laws and can help guide you through the process. To schedule a free consultation and debt evaluation, call our Minnesota law office today at 612-349-2728.