There are a few different reasons to file for Chapter 13. Probably the first one is if you are not qualifying for the Chapter 7.
Jan. 12, 2023
Minnesota Bankruptcy Lawyer Review: “I Know how Fortunate We Were to Have Had Michael’s Expertise & Help.”
As is typical for a young couple, my wife and I went through some financially trying times throughout our 37 years of marriage. Being self-employed in the residential construction industry brought additional challenges. However, we finally reached a comfortable living and were looking forward to slowing down in our later years. When construction and the economy declined to such a low, we began liquidating everything we could to meet our obligations. Struggling harder than at any time in our lives and after several years with little opportunity of work, we lost most all we had.
We had reached our lowest point and our future was not looking good. Losing our home became more than a real possibility. After our initial meeting with Minnesota bankruptcy lawyer Michael Sheridan we felt the first signs of relief with the possibility of having a future in years.
Though I can be very challenging while trying to understand the processes, Michael’s patience, encouragement, advice, and professionalism was outstanding throughout the entire process. After learning how friends faired in similar circumstances, I know how fortunate we were to have had Michael’s expertise & help. I would highly recommend Michael Sheridan to anyone in need of his services, Michael, you have given our family a chance to rebuild with an opportunity to have a future again. We cannot thank you enough. Sincerely, T&C
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The three common triggers for bankruptcy are unemployment, medical expenses, and divorce. Unemployment can trigger bankruptcy, which is pretty straightforward.