Category Archives: Bankruptcy

How to Declare Bankruptcy: A Basic Guide

Can I file Chapter 7 bankruptcy on my taxes?

Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay their debts under the protection of the bankruptcy court. Understanding how to declare bankruptcy and which type suits your situation can be critical in managing overwhelming debt. While bankruptcy can be a stressful process, it’s important to remember that bankruptcy is […]

What Can I Keep When I File Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy

What property can I keep when I file for a Chapter 13 Bankruptcy? How are my house, car, cell phone, and money handled in Chapter 13? Chapter 13 bankruptcy allows you to protect most of your assets, including your home and car. This bankruptcy filing lets you pursue financial relief while protecting your way of […]

Minnesota Bankruptcy Procedures During the COVID-19 Pandemic

Minnesota Bankruptcy Procedures United States Bankruptcy Court

How have bankruptcy procedures changed due to the COVID-19 pandemic? To protect all parties involved, Minnesota bankruptcy procedures have changed to respect social distancing and safer at home guidelines. These changes include deadline extensions, office closures, payment methods, and document requests, among others. The United States Bankruptcy Court, District of Minnesota has enacted the following […]

What Mortgage and Rent Relief is Available During COVID-19?

What Mortgage and Rent Relief is Available During COVID-19?

What protections to my home are available during this financial hardship? Many Americans are still under a Stay At Home order, with some worried about financially protecting the home they are in. Fortunately, you may be able to find relief options through the CARES Act, your loan servicer, or a state program. CARES Act Protections […]

Biden Endorses Warren Bankruptcy Policy

Biden Endorses Warren Bankruptcy

Joe Biden Endorses Warren Bankruptcy Policy As the number of days to the 2020 election dwindle down and primary results roll in, presidential candidates are refining their policies and campaigns. At a virtual townhall in Illinois in mid-March, former Vice President Joe Biden announced his endorsement of Elizabeth Warren’s bankruptcy policy. When the bankruptcy law […]

How COVID-19 is Affecting the Economy

Coronavirus Affect on Economy

All industries have been uniquely impacted by COVID-19 and its dramatic change to our everyday. Access to paid sick leave, the ability to work remotely and industry-wide shutdowns have affected different sectors of the workforce. According to MarketWatch, consumer-reliant industries will be the first to feel the hit of the new coronavirus strain. This classification […]