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Common Questions About Chapter 7 Bankruptcy

Filing for bankruptcy is an important decision, so those considering seeking protection should thoroughly understand how it works. Here are some common questions Minnesota residents have about Chapter 7 bankruptcy.

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The Bankruptcy Process in Minnesota

There are a lot of myths surrounding bankruptcy. Many people think that you will automatically lose your car or your house if you file. That’s not true.

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Use the Bankruptcy Laws to Protect Your Income from Garnishment

Benefits of Bankruptcy in Stopping Garnishment: Wipe out the judgment for the cost of our reasonable flat fee.

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People with Credit Card Debt More Likely to Forgo Medical Care, Says Study

According to a recent study in the Journal of Health and Social Behavior, 58 percent of people who choose to forgo medical care have outstanding credit card or medical debt

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Automatic Payment Withdrawal Forms for Chapter 13 Bankruptcy Payments

Attached are the automatic bank withdrawal request form and the automatic paycheck deduction form. Contact the chapter 13 trustee’s office (Minneapolis/ St. Paul metro) or (Greater Minnesota) if you have additional questions.

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If Unexpected Medical Bills Have Left You in Debt, Filing for Bankruptcy in MN May Be Your Best Option

After falling into debt due to a number of medical bills, Richard and his wife filed for bankruptcy in 2008 – a decision that he acknowledged felt like a last resort at the time. Just like many people, Richard had common misconceptions about bankruptcy.

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The Process of Filing Chapter 7 Bankruptcy in Minnesota

If you’re looking to file for Chapter 7 bankruptcy in Minnesota, it is good to get a grip on the process before taking the first step. The Chapter 7 bankruptcy process is a lot like putting together a puzzle—the individual steps aren’t hard, but completing the full picture is best done with help.

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How Bankruptcy Affects Your Credit in Minnesota

A lot of people ask, what happens to your credit when you file bankruptcy? There is no set formula for how bankruptcy will affect your credit. It depends on 2 factors:

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Attorney Michael Sheridan Publishes Literature in The Bankruptcy Field

Minneapolis, MN: Bankruptcy Attorney Michael Sheridan of the Atlas Law Firm is proud to announce that he has released his first published book on surviving the bankruptcy process in December of 2016.

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