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Is asking for your credit score really the new “What’s your sign?”

On Tuesday of last week, The New York Times published a report in their business section detailing some man-on-the-street tales of singles being asked their credit scores on the first date. On Tuesday of last week, The New York Times published a report in their business section detailing some man-on-the-street tales of singles being asked their credit scores on the first date. The article also recounted some members on financial forums discussing whether to end a relationship over a partner's poor score. According to the caption of the article, “even cupid wants to know your credit score” these days. But… Read More

Bankruptcy myth: Any lawyer will do

Even after they have resolved to file for bankruptcy protection to reduce their debts and stop creditors calling, many individuals in Minnesota and around the country are under the impression that they don’t need a bankruptcy lawyer to help with their case. Even after they have resolved to file for bankruptcy protection to reduce their debts and stop creditors calling, many individuals in Minnesota and around the country are under the impression that they don't need a bankruptcy lawyer to help with their case. Some also believe that every lawyer will be able to offer them the same quality services,… Read More

Bankruptcy myth: No one will hire me

People often attach an unfortunate social stigma to bankruptcy, which results in numerous misconceptions. People often attach an unfortunate social stigma to bankruptcy, which results in numerous misconceptions. These falsities can even prevent someone who really should seek this protection from filing, because they fear the “shame” it will bring them. One way that this has manifested itself recently is in the incorrect perception that if an individual files for bankruptcy, they will have a difficult time changing jobs or beginning a new career. This is patently false. At the vast majority of companies, credit scores are never checked during… Read More

Bankruptcy myth: I won’t be able to buy a home or car

An extremely common misconception about bankruptcy is that those who file will forfeit all their property and important assets. An extremely common misconception about bankruptcy is that those who file will forfeit all their property and important assets. In many states, though, people who seek this protection actually don't lose anything. Statutes have been put in place to ensure that far from becoming destitute after filing, many families are able to prosper. They keep their cars, homes and all valuable items. But even those Minnesotans who are aware of the exemptions in bankruptcy cases sometimes avoid filing because they believe… Read More

Bankruptcy myths: A filing will destroy my credit score

Many people struggling to pay off their debts avoid filing for bankruptcy until their situation is extremely dire. Many people struggling to pay off their debts avoid filing for bankruptcy until their situation is extremely dire – sometimes because they believe that if they seek this type of protection, their credit score will be permanently (or at least for a long time) shot. This simply isn't true. Experts will tell you that yes, while there is a “penalty” your credit score incurs when you file for bankruptcy, you could be hurt far more by putting off your filing and remaining… Read More

After peaking in 2010, Minnesota bankruptcy filings continue slight decline

Since the Great Recession took full effect in 2008, tens of thousands of Minnesotans have filed for bankruptcy. Since the Great Recession took full effect in 2008, tens of thousands of Minnesotans have filed for bankruptcy. It took two years for the recession to reach its worst point by that measure in our northern state, with 22,070 individuals filing during the 2010 calendar year, according to data from the District of Minnesota United States Bankruptcy Court. More recently, though, the state has seen a minimal decline in bankruptcies. In 2011, 19,196 people chose to declare bankruptcy. This year's December numbers… Read More

More middle-aged Minnesotans mired in college loan debt

A new study showed that, counter to conventional wisdom, more middle-aged Americans, including those in Minnesota, are faced with debt from student loans. A new study showed that, counter to conventional wisdom, more middle-aged Americans, including those in Minnesota, are faced with debt from student loans. Of the 37.1 million citizens who have incurred debt from college, nearly half, 16.3 million, are between the ages of 30 and 50. Those 50 and older represent another 18 percent of those paying off student loans. The study was conducted by the Federal Reserve Bank of New York, and according to analysis by… Read More

Lawmakers urge House to pass Farm Bill

On the heels of one of the driest summers on record across huge swaths of the country, farmers have been struggling to stay afloat. On the heels of one of the driest summers on record across huge swaths of the country, farmers have been struggling to stay afloat. Crop yields have been lower this season, causing the price of basic necessities like corn and grain to rise to prohibitive levels. On top of that, in September, the parameters for the most recent Farm Bill – an essential safety net for farmers nationwide – expired. It was a devastating blow to… Read More

Why choose Chapter 7 or Chapter 13 bankruptcy?

If you’ve been struggling to pay off credit cards, mortgages or other bills, you may have considered filing for bankruptcy to help alleviate your financial stresses or to stop creditors calling day and night. If you've been struggling to pay off credit cards, mortgages or other bills, you may have considered filing for bankruptcy to help alleviate your financial stresses or stop creditors calling day and night. But many people believe that if they declare bankruptcy, they will lose everything in the process. That, however, is highly unlikely. Bankruptcy protection is intended to be just that – protection for ordinary… Read More

Why Choose Atlas Law?

The nation may be on the road to economic recovery, but for Minnesotans struggling to keep debt collectors at bay, every day is a battle to provide for their families and keep a roof over their heads. But, as bleak as your situation may seem, there is a way out. To the bankruptcy lawyers at Atlas Law, one of the most heartbreaking aspects of this field is that so many of our clients have already endured weeks, months, if not years of physical and emotional strain trying to keep their debts under control before they come to us for help.… Read More