A person or couple who want to do a bankruptcy must be eligible to do so under prevailing bankruptcy law. In looking at declaring a bankruptcy there should be a bankruptcy assessment which is a review of a person or couple’s financial situation. The bankruptcy assessment is an evaluation of a person’s financial situation to determine if he or she are qualified to file bankruptcy. At the time of conducting the bankruptcy evaluation the twin cities bankruptcy attorney can also conduct a bankruptcy means test. Debtor’s troubled by growing financial pressures can seek out potential debt relief through the legal help of a Minnesota bankruptcy attorney who can conduct a bankruptcy assessment. A person or couple can set up a time to meet with a Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney who will go over the relevant financial situation to help a person considering doing a bankruptcy. At that meeting with a bankruptcy lawyer some of the considerations will be debt a consumer may owe on both secured and unsecured assets, what assets are owned and what is owed on the asset, ability to meet current obligations, threat of repossession, garnishment and/or foreclosure. A Twin Cities law firm who offers a bankruptcy service is a good place to start to look for a Minnesota lawyer who can do a bankruptcy evaluation and provide legal assistance with doing the bankruptcy if the debtor is qualified to do so.
This blog is not intended to provide legal assistance and does not do so.
