Duluth Bankruptcy Attorney
St. Louis County, MN
Our former Duluth clients know better than anyone that Hoglund Law is home to attorneys most qualified in handling your Bankruptcy Case. Whether you need Credit Counseling, securing representation for Bankruptcy Proceedings, or simply want to have a better grasp of Bankruptcy Basics, our attorneys are here for you. With no upfront costs and accessible, free consultations directly with our lawyers, taking the first step towards a fresh start could not be easier. Since our inception, we have set 30,000 clients up for financial success, and you could be our very next client.
Filing for Chapter 7 Bankruptcy might be right for you if credit card debt and medical bills are standing in the way of your financial stability. Chapter 7 results in discharging nearly all unsecured debts but there are exceptions including child support obligations and student loan debt. If you meet eligibility requirements, a Bankruptcy Trustee will liquidate your non-exempt assets to pay your creditors.
To ensure your debts are properly reviewed and Chapter 7 is the most effective way for you to obtain financial freedom, schedule a free 30-45-minute consultation right here at Hoglund Law in Duluth. Once you make a consultation, your attorney can move forward with filing, which will immediately allow automatic stay to prohibit creditors from collecting on debt. Pick up your phone to call Hoglund Law today to stop all the debt collection calls as soon as possible.
Upon completing a three to a five-year payment plan, Chapter 13 Bankruptcy can allow you to discharge any remaining debt. This avenue provides for debt reorganization without complete disruption of your ordinary life because your non-exempt assets such as your home or car are protected. While this course of action is more damaging to your credit report due to the amount of time spent in bankruptcy, it does allow you to pay a lesser amount than debt settlement would allow.
Filing demands the aid of a skilled Bankruptcy Attorney first to determine eligibility and then assist the filer through every step until final discharge. To consult with an attorney with three decades of experience, call Hoglund to schedule your free consultation in Duluth.
Failing to qualify for bankruptcy but still searching for debt relief? Debt Settlement remains a viable option to produce outstanding results in lowering the total amount of debt you owe. Debt settlement, also known as debt negotiation, is a process by which a skilled lawyer mediates directly with your creditors to agree upon a legal resolution that allows you to pay far less of your debt.
It may seem hard to believe that creditors would willingly allow for you to pay less of your debt than you, but this solution is more beneficial to them than the alternative of bankruptcy. If you file for bankruptcy, your debts are discharged, and creditors do not collect anything but with debt settlement, you still pay them a reduced amount.
Our attorneys understand the preferences held by creditors and bring this knowledge to the negotiating table. Not only are creditors more willing to negotiate when you have legal counsel, but when accompanied by an experienced Bankruptcy Attorney, creditors are reminded of the threat to file bankruptcy if a satisfying resolution is not produced. To determine if debt settlement is the most advantageous course of action for you, trust our team at Hoglund Law.