Posts Tagged ‘bankruptcy evaluation’

Bankruptcy Assessment In Minnesota

Sunday, December 26th, 2010


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.

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

Fear Of Losing Property In Bankruptcy

Saturday, December 18th, 2010

Sometimes people who are feeling tremendous financial pressures refuse to consider bankruptcy because they fear a loss of property in bankruptcy.  This fear is based in part on the bankruptcy myth that once you declare bankruptcy you will automatically lose all of that you own.  This misconception ignores the fact that there are legal exemptions that apply in bankruptcy that may be helpful in keeping property.  Rather than give up exploring debt relief through bankruptcy a consumer should contact a Twin Cities law firm that offers a bankruptcy service and arrange for a conference with a Minnesota Bankruptcy attorney.  A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can explain to a debtor  how exemptions work in bankruptcy. A Twin Cities bankruptcy attorney can do a bankruptcy evaluation with the means test to determine a debtor’s eligibility for filing bankruptcy as well as appraising  the proper use of exemptions.  A consumer may find that his or her worst fears of losing property were baseless and that a bankruptcy may provide a chance for a fresh start.

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

Papers To Review For Bankruptcy

Thursday, December 16th, 2010

People who are contemplating  bankruptcy need to not only do a great deal of thinking about it, but review a number of documents.  Reviewing documents is an essential part of determining a person’s eligibility for filing bankruptcy.   It is a sound idea for a debtor to contact a Twin Cities law firm that has a bankruptcy service to set up an appointment to meet with a Minnesota bankruptcy attorney to do a bankruptcy evaluation with a means test. During the meeting with a bankruptcy lawyer there can be a discussion of avenues for debt relief and an opportunity to ask relevant bankruptcy questions.  At that meeting the Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can also review documents to determine a debtor’s qualification for bankruptcy.  The  papers to review for bankruptcy generally include documents referring to current and/or past due mortgage installment payments, home improvement loan related debt, home equity debt, car loan payments, contract for deed installments, personal loans, bad checks, credit card debt, medical bills, tax liabilities, student loans, other payments, collection notices or other similar financial obligations.
This blog is not intended to give legal advice.

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