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For anyone who is considering bankruptcy, because they are struggling with a financial hardship: schedule a free consultation with us. You are going to save in the long run.

Yes, a Chapter 7 or 13 can stop a repossession. Because the automatic stay, which is federal law, prohibits any kind of collection action (e.g., repossession, foreclosure, etc.) all of those things stop. All of the notifications in the bankruptcy court happen by United States mail.

What Actually Is The 341 Meeting Of Creditors?

What Is The Role Of A Bankruptcy Trustee In Chapter 7 Bankruptcy?

It’s not too late to remedy a foreclosure if you’ve received a foreclosure notice, but you must act before the foreclosure sale date. There are two ways to foreclose a home in Minnesota.

Chapter 7 is not a magical solution for debt problems. Congress has set up this system, because they recognize that in an economy that depends on consumer credit, you must have some kind of safety valve when things go bad.

In general, a Chapter 7 is preferred over a Chapter 13. That is simply because it is so much quicker.

With chapter 13, the main question is: are you over the median income or under? If we can get you under the median income, we can potentially get you into a three-year plan.

In a both a Chapter 7 and in a Chapter 13 the court is trying to accomplish two things. They are trying to help you get a fresh start, and they are trying to treat all of your creditors equally.

It is very important to have a good attorney-client relationship in a bankruptcy. You are hiring somebody, not only to give you legal analysis of how your circumstances are affected by filing for bankruptcy or debt settlement.