Posts Tagged ‘Minnesota law firm’

Distressing bill collection

Sunday, December 5th, 2010
It is very hard on a person to receive calls from bill collectors.  These communications can be not invade time that needs to be spent on other pursuits but can throw a person emotionally off so that he or she cannot handle other matters.  The problem is compounded by the fact that many of the calls may be either unnecessarily combative or so repetitive that they accomplish no legitimate purpose.   The collection activity may be a result of a number of different financial difficulties including  an inability to sell a home that cannot be afforded, credit card bills that cannot be paid, crushing medical bills or other financial obligations that cannot be met.  At the same time a Consumer may also experience financial pressures because of tighter credit conditions, plunging stock prices, forfeitures, forclosure, default judgments, high rate rising adjustable interest rates and other money related problems. A debtor who has severe financial difficulties may be able to get debt relief that will stop the distressing  collection activity.   An experienced Minnesota lawyer should be consulted to see what can be done to end the burdensome communications from creditors.  Each situation is different so a consumer should contact Minnesota law firm to meet with an experienced debt relief attorney to discuss his or her situation.  In doing so it is a sound idea to contact a Minnesota law office that offers a bankruptcy service in case that is the type of legal service needed to end the harassing communications and achieve debt resolution.  A Minnesota bankruptcy attorney can be very helpful in determining the best course to take in dealing with distressing bill collection.   A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can do a bankruptcy evaluation and conduct a means test to determine eligibility for filing bankruptcy.  At that meeting with the lawyer the consumer can gather debtor information and get answers to bankruptcy questions.  The lawyer can go over bankruptcy alternatives.  There can be a discussion of various aspects of bankruptcy.  The consumer can find out basic bankruptcy information about Chapter 7 and Chapter 13 bankruptcy.   An experienced twin cities bankruptcy attorney can help a debtor explore his or her bankruptcy  legal rights and options in addressing financial pressures and concerns.  Contacting a Twin Cities law firm to discuss  severe money pressures can be an important step toward putting an end to debilitating collection harassment and unmanageable financial obligations.

The information you obtain at this blog is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation.  Reading this blog does not create an attorney-client relationship.

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

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.