Personal bankruptcy allows individuals and/or married couples in Minnesota to get out of consumer debt. Chapter 7 and Chapter 13 are two types of bankruptcies that those in Minneapolis can use to get a new start financially. At Hoverson Law Offices, P.A., our personal bankruptcy attorney can help explain the types available and help you to decide which would be best for you after a free debt evaluation. The chapter that you choose will depend on what you owe, how much you make, and the amount of property you own, among other factors.

Personal Bankruptcy Can Stop Collections

Once you file for personal bankruptcy in Minnesota, the court issues an automatic stay. This prevents creditors from contacting you in any way. This automatic stay can stop your house from being sold at auction or going into foreclosure even further, prevents an employer from deducting garnishments from a paycheck, etc.. Getting out of debt is the main reason why someone will file for personal bankruptcy in Minnesota. While this stop is temporary, it doesn’t fix all things for your finances. This is where a personal bankruptcy attorney comes in.

Personal Bankruptcy Can Eliminate Some Debts

The debt that can be discharged with personal bankruptcy can include credit card bills, personal loans utility bills, and medical bills. However, let it be known that bankruptcy doesn’t get rid of all debt, including alimony or child support, most student loans, back taxes, and more. Our experienced personal bankruptcy attorney from Hoverson Law Offices, P.A., can explain the differences between bankruptcy types.

Schedule a Free Debt Evaluation with a Personal Bankruptcy Attorney in Minnesota

To learn more about personal bankruptcy and to determine whether you’re eligible, contact our personal bankruptcy attorney at Hoverson Law Offices, P.A.. We can help explain your options to you and then guide you throughout the entire process. To schedule a free consultation and/or debt evaluation today, call our law office at 612-349-2728.