HOW IT WORKS

The Minnesota Bankruptcy Process

Chapter 7 and Chapter 13 bankruptcy can be useful tools to stop a financial emergency and get out of debt. We educate you on the process so you know what to expect when you choose bankruptcy.

GET IN TOUCH

Give us a call at 612-564-4025. We can often get you in the same or next day. Your first meeting will be about an hour long. As soon as you decide to hire us, we spring into action, organizing your paperwork and preparing your case. At this point, you can send your debt collectors directly to us— no more endless phone calls.

PREPARE YOUR CASE

It generally takes us about a month to file your bankruptcy petition—a collection of relevant documents and an asset inventory. Once we file your case, collection activity—such as letters, calls, lawsuits and foreclosures—stops immediately. As we prepare your case, we help you choose the best type of bankruptcy for your unique situation—Chapter 13 bankruptcy or Chapter 7 bankruptcy.

CHAPTER 7 vs CHAPTER 13 BANKRUPTCY IN MINNESOTA

We’ll help you choose which type of bankruptcy is best for your situation.

You might choose Chapter 7 if:

  • ico-cb Your expenses are way higher than your income, leaving nothing extra to pay your debt
  • ico-cb You don’t own a home, or if you do, you’re up to date on your mortgage payments
  • ico-cb You don’t own many valuables

You might choose Chapter 13 if:

WILL I HAVE TO GO TO COURT?

In bankruptcy, you generally don’t have to go to court. Instead, you meet with a bankruptcy trustee a month after your filing date. The trustee evaluates your financial situation. We make sure you’re well prepared, and we’ll be by your side to make sure it all goes smoothly.

CHAPTER 7 BANKRUPTCY: Finishing your case

Chapter 7 usually lasts three to four months. Your bankruptcy is typically completed 60 days after meeting with the bankruptcy trustee. Once your case is finalized, your debts are wiped out forever.

CHAPTER 13 BANKRUPTCY:
Your payment plan

In Chapter 13, you’ll make monthly payments for three to five years to pay off your debt. We’ll be your lawyers the whole time, in case you need help or your financial situation changes. Once you make your last Chapter 13 payment, your remaining debts are wiped out.

Rebuild
Credit

See How ›

GET IN TOUCH

Give us a call at 612-564-4025. We can often get you in the same or next day. Your first meeting will be about an hour long. As soon as you decide to hire us, we spring into action, organizing your paperwork and preparing your case. At this point, you can send your debt collectors directly to us— no more endless phone calls.

PREPARE YOUR CASE

It generally takes us about a month to file your bankruptcy petition—a collection of relevant documents and an asset inventory. Once we file your case, collection activity—such as letters, calls, lawsuits and foreclosures—stops immediately. As we prepare your case, we help you choose the best type of bankruptcy for your unique situation—Chapter 13 bankruptcy or Chapter 7 bankruptcy.

CHAPTER 7 vs CHAPTER 13 BANKRUPTCY IN MINNESOTA

We'll help you choose which type of bankruptcy is best for your situation.

You might choose Chapter 7 if:

  • Your expenses are way higher than your income, leaving nothing extra to pay your debt
  • You don't own a home, or if you do, you're up to date on your mortgage payments
  • You don't own many valuables

You might choose Chapter 13 if:

  • You can afford to repay some of your debt, but not all of it
  • You're behind on your mortgage or you're underwater with a second mortgage
  • You have valuable assets, such as home equity, that you want to hold onto

WILL I HAVE TO GO TO COURT?

In bankruptcy, you generally don't have to go to court. Instead, you meet with a bankruptcy trustee a month after your filing date. The trustee evaluates your financial situation. We make sure you're well prepared, and we'll be by your side to make sure it all goes smoothly.

CHAPTER 7 BANKRUPTCY: Finishing your case

Chapter 7 usually lasts three to four months. Your bankruptcy is typically completed 60 days after meeting with the bankruptcy trustee. Once your case is finalized, your debts are wiped out forever.

CHAPTER 13 BANKRUPTCY:
Your payment plan

In Chapter 13, you'll make monthly payments for three to five years to pay off your debt. We'll be your lawyers the whole time, in case you need help or your financial situation changes. Once you make your last Chapter 13 payment, your remaining debts are wiped out.

Rebuild
Credit

See How ›