Bankruptcy Attorneys Near Minneapolis

Chapter 7 & Chapter 13 Bankruptcy Options

Chapter 7 bankruptcy and Chapter 13 bankruptcy address different financial circumstances. A consultation can help you review your income, assets, secured debts, household circumstances, prior filings, and filing goals before deciding which path may be appropriate.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy generally seeks a discharge of eligible debts. It may be an option for people with limited income or assets, subject to the means test, eligibility requirements, and Minnesota exemptions that may protect certain property. Whether a debt is dischargeable depends on the debt and the facts of the case.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy uses a court-approved repayment plan that typically lasts three to five years. Eligible individuals may use this process to address mortgage or vehicle payment arrears while working to retain property, but the available protections depend on the proposed plan and court procedures.

Collection Protection & Debts Bankruptcy May Address

Filing for bankruptcy may trigger an automatic stay, which is a legal pause on many collection actions. The automatic stay may pause collection lawsuits, wage garnishment, foreclosure activity, and vehicle repossession, although exceptions and court procedures can apply.

People often seek guidance about credit card balances, medical bills, personal loans, tax obligations, mortgage arrears, and vehicle payments. Certain support obligations, recent tax debts, student loans, fines, and debts involving fraud or willful injury may receive different treatment or remain nondischargeable under federal bankruptcy law.

Minnesota Bankruptcy Filing Process

A bankruptcy filing requires accurate disclosure of debts, income, assets, expenses, and other financial information. The process generally includes pre-filing credit counseling, preparing a petition and schedules, filing the case, attending a meeting of creditors, and completing debtor education.

Cases for Minneapolis residents are handled within the United States Bankruptcy Court for the District of Minnesota, which has a Minneapolis division. We review the required information with you and explain the procedures that may apply to your financial situation.

Talk with a Bankruptcy Attorney About Your Options

We take the time to review your debts, income, assets, and goals before explaining the bankruptcy paths that may fit your situation. Whether you are facing creditor pressure as an individual or trying to resolve financial problems for a business, you receive guidance tailored to the facts of your case.

Call (651) 309-8180 for a free phone or in-person consultation. We offer RISK-FREE case evaluations and can meet with you during evenings or on weekends.