Archive for November, 2010

He who rides the tiger finds it difficult to dismount

Sunday, November 28th, 2010

People who are deep in debt often find that they feel like what is expressed in the Chinese proverb, he who rides the tiger finds it difficult to dismount.  Ever increasing debt makes a person sometimes feel like he or she has to borrow more money just to make payments on existing debt.  The person keeps riding  the debt cycle deeper  into financial trouble.  There does not seem to be any way to get off the this cycle of debt without getting into big trouble.  If the debtor gets off the tiger then he or she will be destroyed by it.  This fear of financial destruction can make things seem far worse than they may be under the circumstances.  Rather than continue to ride the debt cycle a consumer should explore potential debt relief.  A sound approach to doing so is to contact a Minnesota law firm that offers bankruptcy service.  This type of legal service may provide information to a consumer on bankruptcy alternatives.  If a debtor is considering bankruptcy then getting debtor information that is accurate is very important.  Personal bankruptcy is a complex legal process, and can be undertaken more easily with the legal help of an experienced Minnesota bankruptcy attorney.  There is more to declaring bankruptcy then just filling in some forms.  It must be done properly or a debtor may end up with a  failure to discharge qualifying debts — and potentially  legal action if  he or she knowingly presented false financial information.   A Twin Cities law firm can arrange for a meeting with a Minnesota lawyer who can help a consumer explore avenues of  debt relief  including bankruptcy.  The consumer can have a meeting with a bankruptcy lawyer and go over his or her financial situation.  At the meeting the consumer can learn about debtor’s rights, get basic bankruptcy information, have relevant bankruptcy questions answered, learn about the meeting of creditors in bankruptcy, status of property in bankruptcy, exemptions, bankruptcy rights and responsibilities.  By working with an experienced Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney it can help a debtor to better understand the bankruptcy process.  If the consumer after a bankruptcy evaluation including the means test is found to be eligible for bankruptcy and wants to do so then legal help from an experienced Minnesota attorney can be very helpful.  The bankruptcy lawyer can  prepare accurate legal paperwork, make sure all eligibility requirements have been met, assist in choosing  the right type bankruptcy and that the consumer meets all legal requirements through the bankruptcy.  A qualified debtor for bankruptcy will want to explore potential debt relief offered through Chapter 7 or Chapter 13 bankruptcy.  An experienced bankruptcy lawyer can aid in making sure that the consumer chooses the right type of bankruptcy under the circumstances.   Affirmatively moving forward to get legal assistance with debt problems can lead to a fresh start.

We are a debt relief agency.
We help people file for relief under the Bankruptcy Code.

The information contained herein on debt relief and/or bankruptcy does not constitute the giving of legal advice. The reader should not rely on this information. This information does not substitute for the advice of a licensed lawyer related to debt relief, Chapter 7 and 13 bankruptcies or any other legal subject.

Asset Protection

Thursday, November 25th, 2010

People often work hard to provide security for themselves and their family.  When they face difficult economic times that cause them to be unable to  pay required financial obligations, be current on mortgage payments, deal with medical bills, make automobile payments, keep up on credit cards or generally handle financial pressures there is  a major concern that there will be a  loss of valuable assets.  Sometimes the assets may not even have a large money value, but the concern of having a loss is  based on a sentimental attachment.  This attachment to assets makes some people hesitant on exploring debt relief out of fear of having to lose assets.  A major asset is a person’s home.  There is a common misconception that using bankruptcy as a form of debt relief will cause a person to automatically lose his or her home. There are other commonly spread false notions about debt relief as well.  This misinformation ignores legal realities including United States bankruptcy law.  One thing that people who are interested in asset protection can keep in mind is that the law allows for something called an exemption, which allow for a person to keep certain types of assets under certain circumstances.  These exemptions can work in bankruptcy.  Rather than stay away from debt relief out of fear based on bankruptcy myths a consumer can instead contact a Minnesota law firm who can arrange to have a Minnesota bankruptcy attorney do a bankruptcy evaluation for the consumer.  This form of bankruptcy appraisal is an evaluation of the consumer’s financial situation as to  suitability for bankruptcy and may include a review of the potential use of exemptions to protect assets.   The assets held by a debtor must be reviewed in light of the law prevailing at the time of filing bankruptcy.   In considering the issue of exemptions a debtor must look both to the state law and federal law for exemptions that may apply to his or her particular situation.  Consumers must, however, keep in mind that they may only elect to be covered under either the state exemption statutes or the federal bankruptcy exemption statutes.  In other words, the consumer may only elect to use the federal bankruptcy exemptions or Minnesota state exemptions and not a combination of the most favorable federal bankruptcy exemptions and state exemptions.  For that reason it can be worthwhile to contact a Twin Cities law firm who has a bankruptcy service to arrange to meet with a Minnesota lawyer.  A consultation with a knowledgeable Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can be very useful in assessing which set of exemptions to use to preserve ownership of property.  Meeting with a Minnesota bankruptcy lawyer can be a first step toward finding a way to debt resolution.

This blog is not intend to give legal advice and does not do so.  The reading of this blog does not establish an attorney-client relationship.

We are a debt relief agency, we help people file for relief under the bankruptcy code.

Walking Away From Debt

Tuesday, November 23rd, 2010

There is a common misconception that a person can just walk away from debt without any legal authority to do so.  The reality is that this approach not only may not get a person out of debt, but aggravate the situation.  It is understandable that a consumer could need help dealing with various forms of debt that  either singly or in combination are causing problems for him or her, but simply walking away from may be delaying an inevitable aggressive collection efforts by a creditor and creating a damaging credit history .  There are many types of problematic debts including  past due installment payments, unpaid lease payments, disputes with lenders on the amount of debt owed or money claims for damages related to the ownership.   These debts can arise from many different situations including the purchase of a  home, motor vehicle, credit card or agreed upon financial obligation such as medical bills.   Any of the forgoing types of debt claims can create serious financial pressures for a consumer.  The debtor must realize however, that putting off dealing with a debt in the present may make for more painful financial pressure in the future.  Walking away from debt can lead to further harassing communications from a creditor,  a loss of credit and credibility.  A consumer must keep in mind that a track record of handling financial obligations may follow them for years.  Walking away from debt may result in serious problems including an inability to get further credit or get a loan for an important purchase when it is very important to do so.

Consumers who are concerned with serious inability to pay financial obligations may be eligible for debt relief through bankruptcy. A Minnesota Bankruptcy attorney can be consulted about available avenues for debt resolution.  There can be a discussion of bankruptcy alternatives.   A multitude of financial pressures can be discussed with the Minnesota bankruptcy lawyer including home loans, credit cards, medical bills, delinquent car loans, contract disputes, lease claims, and damage claims related to the use or ownership of an automobile.  Twin Cities bankruptcy attorney will discuss with you relevant financial pressures, do a bankruptcy evaluation including a means test and go over the different types of bankruptcy proceedings, such as Chapter 7 and Chapter 13.  At that time, the Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can explain whether a consumer is  qualified for debt relief through bankruptcy.   The lawyer  can go over relevant law involved in dealing with a consumers outstanding debt an answer legal questions that are related to the legalities involved in the situation.   At a meeting with a bankruptcy lawyer there can be a discussion of many financial concerns such as financial pressures including, foreclosure, garnishment and/or repossession.  A consumer who faces more than one legal difficulty should contact a Twin Cities Law Firm that can provide legal services in all of the areas of the law that are of concern. . For example, a Minnesota law office may be able to provide legal assistance with legal problems involving home ownership, a business, employment, divorce, personal injury, probate, discrimination, sex harassment, civil litigation, DWI or Criminal charges.     A consumer facing more than one legal difficulty should inquire when setting up an appointment if he or she can meet with a lawyer who can handle all of the types of legal matters of concern.  Dealing  correctly with present financial problems with the legal help of a Minnesota lawyer may eliminate a great deal of aggravation in the future and allow for debt resolution.

The information you obtain at this blog is not, nor is it intended to be, legal advice.

This post does not constitute the giving of legal advice or establish any attorney-client relationship. You should consult an attorney for advice regarding your individual situation.

We are a debt relief agency. We help people file bankruptcy.

Dealing With Motor Vehicle Loan Difficulties

Sunday, November 21st, 2010

Car loans or other motor vehicle loans can become huge problems for consumers.  It is true that when a person goes to buy or lease a car they are often told how affordable a motor vehicle is by a business selling it.  Affordability is a relative things.  What is affordable for one person may not be  to someone else.  Each person needs to carefully look at his or her income and budget before seriously considering purchasing or leasing a vehicle.  Any such consideration also needs to take in mind how stable the source of income is that may be used to make payments.  Some people make the mistake of buying or leasing a motor vehicle with the idea that they will always be able to afford it.  If a person knows there is a likelihood that his or her income is going to go down or end in the near future buying a new car, truck or motorcycle does not make sense.  It makes even less sense to buy a hobby vehicle if income looks to be threatened in the future.  After purchasing or leasing a motor vehicle a consumer may experience problems paying on that debt.   Problematic motor vehicle debt  may take various forms either singly or in combination including past due installment payments, unpaid lease payments, disputes with lenders on the amount of debt owed or money claims for damages related to the ownership or use of a motor vehicle. Any of the forgoing types of debt claims can create serious financial pressures for a consumer. An experienced Minnesota bankruptcy attorney may be able to  provide to a consumers debt relief help. Consumers who are concerned with automobile or other motor vehicle related debt can look at bankruptcy alternatives.  Understanding the potential for debt resolution under the law can be difficult to understand so it is helpful to get legal assistance from a Minnesota lawyer who is familiar with different approaches to resolving debt difficulties.  If a person believes that declaring bankruptcy is a solution then they need to understand that there are many factor that need to be reviewed in considering bankruptcy.   A consumer needs to understand that just wanting to do a bankruptcy is not enough he or she must be eligible for debt relief under the United States Bankruptcy Laws.   There is a common bankruptcy myth that the new bankruptcy law has destroyed consumers rights, but that is not true.  A qualified debtor can still get debt relief under the new bankruptcy law.  Consumers desiring bankruptcy information should contact a Minnesota law firm to get a meeting with a Minnesota bankruptcy lawyer.   A Twin Cities law firm can set up an in person consultation for the consumer with a Minneapolis bankruptcy attorney or a St. Paul bankruptcy attorney.  At the meeting with the bankruptcy lawyer the consumer can go over his or her financial situation, do a bankruptcy evaluation and get answers to common bankruptcy questions. A multitude of financial pressures can be discussed with the Minnesota bankruptcy lawyer including delinquent car loans, contract disputes, lease claims, and damage claims related to the use or ownership of an automobile. The bankruptcy lawyer will discuss with you relevant financial pressures, conduct a means test and go over the different types of bankruptcy proceedings.  Consumers can discuss each of the financial difficulties that they face including credit card problems, mortgage payment difficulties and unpaid medical bills.  Any creditor collection activity can also be discussed including repossession, foreclosure, garnishment or harassing telephone calls.  Consumers who face problems paying motor vehicle loans also often have concerns with losing their home because of non-payment on debt.  In talking with a twin cities bankruptcy attorney it is a sound idea for the consumer to fully disclose all debts and money pressures so that there can be an accurate appraisal of the situation.  There can be a discussion with the lawyer of  Chapter 7 considerations and Chapter 13 considerations.   A bankruptcy evaluation which includes conducting the means test should give a consumer an understanding whether he or she qualified for bankruptcy.  At that time, the Minnesota bankruptcy lawyer can explain whether a consumer is qualified for debt relief through bankruptcy.  If so then the consumer can explore the potential for debt relief under Chapter 7 and Chapter 13 bankruptcy.   Consumers facing other legal problems as well such as family law matters, employment, attacks on occupational license, business set backs, civil litigation, DWI or criminal charges should make sure to get an appointment with a lawyer who also understands these other legal services as well.  Getting debtor information can be very helpful to a consumer in trying to address financial difficulties.

This blog is not intended to give legal advice and does not do so.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

DEBT RESOLUTION FOR A SMALL BUSINESS

Saturday, November 20th, 2010

A small business can experience difficult financial pressures that effect not only it but its owner.  This troubling situation can spread into a myriad of other legal problems.  Timely attention to addressing a small businesses financial difficulties may keep this domino effect from happening.  A Minnesota lawyer can help a small business owner evaluate the viability of different potential ways to debt resolution.  This can include consideration of bankruptcy alternatives.   A business owner who want this type of  legal service can call a Minnesota law firm that can arrange for a meeting with a Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney who handles small business debt relief.  An experienced Minnesota bankruptcy attorney can help a business owner appraise his or her financial situation.   This twin cities bankruptcy attorney can assist a business owner in assessing the potential for debt relief under Chapter 7 of the United States Bankruptcy Code. This can include reviewing  with a business owner relevant financial concerns including the number of separate bills owed to different creditors, total amount of debt the business owes, the total value of accounts receivable, the approximate value of assets, the potential discharge ability of each debt, the security on a debt, foreclosure, repossession, pending civil litigation, personal guarantees of business debt, credit card difficulties, motor vehicle loans, credit obligations and sources of income used to pay debts. Further the business bankruptcy lawyer can discuss with a business owner other issues as well such as inappropriate collection agency practices, creditor harassment, and procedures for filing for bankruptcy protection under Chapter 7 of the United States Bankruptcy Code.

There are Minnesota law offices that handle more than one legal case type so that a business owner who faces more than one type of legal problem should contact a twin cities law firm who may be able to provide legal assistance with all of his or her legal challenges.  Besides financial pressures a small business owner may face legal problems  such as contract disputes, collection of unpaid debt owed to the business,  civil litigation, real estate and business negotiations.  Sometimes a small business may face even face complex litigation.  Having a bankruptcy evaluation by an experienced Minnesota bankruptcy attorney can provide valuable information that can be used by someone who is considering  bankruptcy.  A person who files business bankruptcy may be able to achieve debt resolution.  Prompt attention to dealing with legal problems is a sound business practice.

This article does not constitute the giving of legal advice and does not do so.  The blog does not establish an attorney-client relationship.

We are a debt relief agency. We help people file for relief under the Bankruptcy code.

Worry Over Credit After A Bankruptcy

Friday, November 19th, 2010

Debtors who are contemplating bankruptcy sometimes worry over credit after doing a bankruptcy.  There is a concern over what, if any, credit may be available to the person after completing a  bankruptcy.  There is not a simple answer that will apply to everyone who goes through a bankruptcy.  Many factors may influence how soon and how much credit may be available after a bankruptcy is completed.  What should be expected is that a person who has completed a bankruptcy should thereafter work attentively and with patience to develop a fine credit standing.

There are a number of things a person can do to try to rebuild credit including:

  • Creating a practically achieved budget and staying with it. Such a budget should include setting aside some money for savings and an emergency fund.  This gets a person into the habit of saving and provides some money to meet an emergency.
  • Develop the habit of considering before making any purchase whether it is something you merely want or something you really need?   If the purchase is something you need then the next consideration is whether there is a less expensive alternative? Before making even needed purchases a person should consider whether there is time to wait before making it so that you can save up enough money to cover the entire cost.  Buying things with the promise to make periodic payments can get a person into trouble so it is a good idea to try to pay for needed items up front so as not to run the risk of problems in the future that may among other things hurt your credit.
  • Whenever possible carry appropriate insurance to protect against serious problems in the future such as medical insurance.  Debts based on Medical treatment are a common cause of people getting into financial problems.  Medical insurance may help not only in catastrophic illness or injury situations, but allow a person to get medical treatment that avoids the development or aggravation of a condition that could lead to serious illness or even death.
  • Refrain from the use of credit cards whenever possible.  It is not a good idea to use credit cards to pay for budgeted monthly costs.  If you have to pay a high rate of interest on regular expenses it may greatly increase the cost of everyday items enormously and ultimately bring you into a serious debt situation.

The forgoing are only some of the many considerations that apply to the development of good credit.

An  experienced Minnesota personal bankruptcy attorney that can assist a consumer  to evaluate his or her financial situation to determine the potential for debt relief. Debtors may set up an in person conference with a St. Paul bankruptcy attorney or Minneapolis bankruptcy attorney to appraise  all relevant financial concerns to aid in evaluating his or her potential to receive debt relief.

A debtor who is considering bankruptcy should contact a Minnesota  law firm to meet with a Minnesota bankruptcy attorney to have a bankruptcy evaluation including taking the means test.  If the consumer has multiple legal problems it is important to contact one of the Minnesota law offices that can potentially provide legal help to resolve outstanding legal difficulties.  A consumer may be able to meet with a Minnesota attorney who handles more than one case type.  Some consumers may face multiple legal problems at the same time such as business, employment, family law, civil litigation, DWI and/or criminal charges.  A meeting with a lawyer can be a important first step toward debt resolution.  At that time the consumer can get basic bankruptcy information and receive answers to relevant bankruptcy questions.  There can be a discussion of pressing financial problems including repossession, garnishment and/or foreclosure.  Further, any concern the consumer has with exemptions and/or status of property in bankruptcy can also be discussed.  Filing a bankruptcy does require time and effort by the consumer but it can be a way to get a fresh start.

This blog is not intended to give legal advice and does not do so.

We are a debt relief agency.  We help people file for relief under the Bankruptcy Code.

Potential Debt Resolution

Monday, November 15th, 2010

A debtor does not need to continue to feel helpless in the face of mounting debt and increasing debtor pressures.  There are potential approaches to debt resolution that can be explored.  The biggest hurdle for many people to overcome on their way to resolving debt is embarrassment and pride.  Some people just cannot admit that they may need help with financial problems.  The reality is that a debt problems are quite common and there is nothing to be ashamed of in seeking help with finances.   Once someone get beyond this hurdle it is best to see someone who is objective about the debtor’s situation and give it an accurate appraisal.  Sometimes a consumer may only need to cut expenses and/or adjust his or her budget.  In other situations, there may need to be  more extensive work done to reach debt resolution.  In situation where a consumer wants an objective appraisal of his or her situation and what potential there is for debt resolution it is a sound idea to contact  a Minnesota law firm that can arrange for the consumer to meet a Minnesota bankruptcy lawyer that deals with debt relief.  The Minnesota bankruptcy attorney can do a review of the consumers financial picture and discuss potential approaches to cutting down debt and/or potentially eliminating it.  Consumers who want to explore bankruptcy should contact a twin cities law firm that offers bankruptcy service.  A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can do a bankruptcy evaluation including the means test to determine eligibility for filing bankruptcy.  At that time there can discussion of both Chapter 7 and Chapter 13 bankruptcy relief.  The consumer can gather bankruptcy information and get answers to relevant bankruptcy questions.  Consumers do not need to worry about fully disclosing their financial difficulties because there are Minnesota law offices where bankruptcy lawyers regularly provide legal services to people experiencing financial difficulties are understanding of this type of situation.   These twin cities bankruptcy lawyers can assess available bankruptcy alternatives..  In situations where a consumer faces multiple legal problems they should set up a meeting with a Minnesota legal service that has a lawyer who is familiar with the legal case types involved such as employment, business, personal injury, Divorcecivil litigation, DWI or criminal charges.  Getting legal help can be a positive first step toward debt resolution.

This blog is not intended to provide legal advise nor does it do so.  The information herein does not create an attorney-client relationship.
We are a debt-relief agency. We help people file for relief under the bankruptcy code.

Avoiding Problems In Bankruptcy

Sunday, November 14th, 2010

When a person is having financial troubles they may hear from friends or relatives that all they have to do is file a few simple papers and declare bankruptcy.  While bankruptcy can definitely help many people get debt resolution it is not as simple to achieve as filing a few papers.  Nor are the papers to be filed simple.  The reality is that bankruptcy is an excellent way of getting debt relief for qualified consumers who meet all legal requirements for filing bankruptcy and carefully follow all bankruptcy laws.  Before a person can declare bankruptcy there must be a determination of eligibility for bankruptcy which require a thorough bankruptcy evaluation including undergoing the bankruptcy means test.  This bankruptcy appraisal process is not to be feared, but rather looked at as a diagnostic tool to help a consumer better determine what route he or she may go in pursuing debt relief.  Contrary to popular bankruptcy myth the Bankruptcy Reform Act otherwise known as the new bankruptcy law has not swept away a consumer’s ability to file for bankruptcy relief.  Among the changes are    requirements under the new bankruptcy law  to obtain a credit-counseling certificate,  complete the required financial management course and obtain a certificate of completion as a requirement to obtain a discharge.  In addition, more detailed information with accompanying documentation regarding a debtor’s financial circumstances is required in order to make sure that all of the applicable bankruptcy laws and rules are being met.  These changes in the bankruptcy law do not destroy the potential for all consumers to get debt relief.  In reality the changes under the new bankruptcy law do not affect many consumers ability to file for bankruptcy relief.  A “means test” has been established under the new law to help determine the eligibility of debtors for filing for bankruptcy relief.   Many debtors who have earlier feared being rejected for bankruptcy relief have found after having their case evaluated by a Minnesota bankruptcy attorney that their circumstances allow them to qualify for relief so that they have been worried for nothing about getting help with there serious financial problems.  At a meeting with a twin cities bankruptcy lawyer a debtor can get a bankruptcy evaluation, gather bankruptcy information and have his or her bankruptcy questions answered.  A debtor considering bankruptcy should however, understand that the law must be strictly followed to avoid problems in bankruptcy.  The bankruptcy paperwork must be complete, comprehensive and correct.   In pursuing bankruptcy a consumer should understand that there are serious consequences if a debtor is not truthful, properly discloses information and fully follows the requirements set forth in the United States bankruptcy law.  A debtor in bankruptcy must not conceal any information in pursuing the bankruptcy. All  business financial documents and records should be neatly kept and made available for review.  The bankruptcy  law must be  carefully followed.  A consumer who is willing to be honest, open about his or her financial situation and follow all United States bankruptcy laws should not shrink from seeking debt relief  because of  fearing the bankruptcy reform act.    Consumers can avail themselves of legal help in evaluating their financial situation by contacting a Minnesota law firm to arrange for  a confidential meeting with a Minneapolis bankruptcy attorney or a St. Paul bankruptcy attorney.   Minnesota law offices that have a bankruptcy service can set up a meeting for a debtor to meet with a Minnesota attorney.   At an initial conference the bankruptcy attorney can review a debtor’s income, asset holdings, expenses, debt and other relevant circumstances.  At that time the bankruptcy attorney can, for example, apply the “means test” to see the potential for bankruptcy relief.  Consumers wanting to get an accurate picture of their potential for bankruptcy relief should move in a timely manner to address there problems before the situation gets worse.  Holding off addressing financial difficulties can lead to problems such as repossession, garnishment and foreclosure.  If besides the financial troubles there are other potential or existing  legal problems they all so should be addressed.  It is not unusual for someone experiencing financial problems to have other legal difficulties including a loss of employment, retaliation for being a whistleblower at work, discrimination, sex harassmentdivorce, civil litigation or criminal charges.  Legal help from an experienced Minnesota lawyer may give the consumer a chance for a fresh start.

This blog is not intended to give bankruptcy information and does not do so.  Nor does it establish an attorney-client relationship.  For legal advise a person should promptly retain a Minnesota lawyer.

We are a debt relief agency. We help people file bankruptcy.

CREDIT CARD HARASSMENT

Saturday, November 13th, 2010

Many consumers comment how anxious credit card companies were to get their business and how after the card is issued to them a different message is sent.  There certainty can be a disparity between the marketing staff of a credit card company and the collection department, which should not be surprising.  This distinction needs to be accepted to understand that the creditor may indeed not hesitate to pursue collection of money owed simply because the initial message was that they were interested in you as a customer.  Too many times consumers bury their heads in the sand and ignore signs that a credit card company intends to move against them under the mistaken notion that to too so would bring on bad customer relations.    People who feel overwhelmed by money pressure including credit cards should not wait until the creditor takes action against them to explore ways to get debt relief.  Instead of getting needed debt resolution some consumers use a credit card to pay other past due bills, as a substitute for available funds without knowing how the bill will be later able to be paid or to pay off what is due on another credit card bill.  It is important to keep in mind, that credit card purchases may have inordinately high interest so utilizing one credit card to pay overdue bills for other credit cards can make things even worse.  Failure to properly handle a credit card can be a recipe for eventual huge financial difficulties.  Sometimes credit card debt is only part of the picture.  It may be accompanied by other legal problems and/or financial difficulties  such as real estate that will not sell, a loss of credit, inability to make mortgage payments, loss of employment, failure to get credit, loss of stock value, forfeitures, repossessions, foreclosures, default judgments, high interest-rate mortgages, second mortgages that cannot be paid, creditor harassment and unreasonable practices by a collection agency.  In some situations a debtor may face several different legal challenges at the same time such as a criminal charge, wrongful discharge of employment, divorce and/or civil litigation.  A person facing one or more legal difficulties can explore legal means to help with his or situation by contacting a Minnesota law firm and arranging to meet with a Minnesota lawyer who handles the types of legal problems that are faced.  If there is a debt related problem  a confidential meeting can be set up  with a Minnesota bankruptcy attorney.  The consumer can meet with a Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney to explore potential relief under Chapter 7 or Chapter 13 of the federal bankruptcy law or if a Wisconsin Resident under Wisconsin Chapter 128.  Whether you need legal help with a bankruptcy or some other legal service it is a sound idea to meet with an experienced bankruptcy lawyer to discuss your situation.

This blog is not intended to give legal advice and does not do so.  If you need legal help you should promptly contact a  Minnesota lawyer.

We are a debt relief agency.  We help people file for relief under the Bankruptcy code.

Debt Resolution For A Business

Friday, November 12th, 2010

A business can experience deep financial pressures that are sometimes unbearable for its owner or owners.  Some business owners feel embarrassed to admit that business is not good.  They take it as a personal failing, which may make things seem worse than they are in reality.  It is a sound idea to talk with an objective professional who can help assess debt relief solutions.  A Minnesota law firm who handles debt relief for a business may be contacted by a business owner to get a debt relief.  The  law firm can set up a meeting with a Minnesota lawyer who handles business debt resolution.  At the meeting the twin cities lawyer can do a bankruptcy evaluation.  The business owner can discuss bankruptcy alternatives.  It will allow for a discussion of different legal approaches that can be taken to help handle the financial pressure.   A Minnesota business bankruptcy attorney can provide legal assistance to the business owner in assessing the potential for debt relief under Chapter 7 of the United States Bankruptcy Code.  The Minnesota bankruptcy attorney can review with a business owner relevant financial concerns including the number of separate bills owed to different creditors, total amount of debt the business owes, the total value of accounts receivable, the approximate value of assets, the potential discharge ability of each debt, the security on a debt, foreclosure, repossession, pending civil litigation, personal guarantees of business debt, credit obligations and sources of income used to pay debts. Further the business bankruptcy lawyer can discuss with a business owner other issues as well such as inappropriate collection agency practices, creditor harassment, and procedures for filing for bankruptcy protection under Chapter 7 of the United States Bankruptcy Code.

Some Minnesota law offices handle more than one legal case type.  A business owner who is experiencing more than one legal problem should contact a law firm who handles the types of legal problems he or she is experiencing.  In this way a meeting can be set up with a twin cities lawyer who can potentially help the businesses and its owner with more than one legal issue the business and business owner may be facing such as dealing with a financial trap, real estate matter or civil litigation.

This blog is not intended to provide legal advice and does not do so.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code