Category Archives: Bankruptcy Law

Credit scores and bankruptcy

When someone schedules an initial consultation with me to discuss their debts and what options they have to resolve their debts,  their credit score is often on their mind. People want to know how filing bankruptcy will impact their credit … Continue reading

Posted in Bankruptcy Law | Leave a comment

How can I afford to hire a bankruptcy attorney?

It’s pretty common for bankruptcy attorneys to hear the following from our potential clients: I need to file bankruptcy. I can’t afford to pay my creditors. How can I afford to pay for a bankruptcy attorney? Everyone’s situation is different, … Continue reading

Posted in Bankruptcy Law | Leave a comment

Filing bankruptcy while unemployed

Like anything in life, you have to take the bad with the good. Sometimes, though, there is also some good that you can take with the bad. I have yet to meet someone who is ecstatic about being involuntarily unemployed. … Continue reading

Posted in Bankruptcy Law | Leave a comment

Tax consequences of foreclosure in Minnesota

When someone meets with me because their home may end up being foreclosed on, one of the things that I tell them is that they should meet with an accountant – a good one – sooner than later. Last year, … Continue reading

Posted in Bankruptcy Law, Housing Law | Leave a comment

My cliché “New Year, Fresh Start” post

It’s December, and that means family gatherings, kids being on break from school, painful commuting traffic due to snow (like today!), and… lots of Facebook posts, blog posts, and inspirational quotes about making resolutions for the upcoming new year.  Although … Continue reading

Posted in Bankruptcy Law, Family Law | Leave a comment

How to resolve joint debts and protect yourself in a divorce

In my previous post, I discussed the unfortunate fact that your divorce decree will not change your contract with your creditors. In other words, if you and your ex-spouse were both jointly liable on a Visa credit card, the divorce … Continue reading

Posted in Bankruptcy Law, Family Law | Leave a comment

What happens to joint debts in a divorce?

I recently attended a CLE (also known as “lawyer school”)  called Mortgage and Divorce for Family Law Attorneys. David Jamison, from Wintrust Mortgage, was the presenter. One of the topics that was discussed was a topic that comes up often with … Continue reading

Posted in Bankruptcy Law, Family Law | 1 Comment

Parents and their children’s student loans

This article in the New York Times, in my opinion, makes a good case for why student loans should be more easily dischargeable in bankruptcy (since the discharge of student loans in bankruptcy is practically impossible – that is my … Continue reading

Posted in Bankruptcy Law | Leave a comment

Updated means test numbers – effective November 1, 2012

The new means test numbers went into effect on November 1, 2012. Here is a link to the updated median incomes for the means test: http://www.justice.gov/ust/eo/bapcpa/20121101/bci_data/median_income_table.htm There was a slight decrease in the median income for household sizes of 1 … Continue reading

Posted in Bankruptcy Law | Tagged | Leave a comment

Updated means test numbers – effective May 1, 2012

The news means test numbers went into effect on May 1, 2012. The median incomes for Minnesota increased; this means that it may now be easier for some people to qualify for Chapter 7 bankruptcy than it previously had been. … Continue reading

Posted in Bankruptcy Law | Leave a comment