Elk River BANKRUPTCY ATTORNEY
Sherburne County, MN
Elk River residents in search of a fresh financial start can find the experienced legal counseling they’re searching for right in their hometown. You can feel confident that our attorneys possess the knowledge to handle Chapter 13 Bankruptcy, Chapter 7 Bankruptcy and Debt Settlement cases with their expertise in Bankruptcy Code. If you’d like to be among the 30,000 clients we’ve helped find financial freedom, schedule your free 30 – 45 minute consultation with Hoglund Law today.
Though this is the more common route, there are eligibility restrictions. If your debts are not dischargeable, for example student loans or child support payments, this route may not be in your best interest. It is also important to note that your debt must total to over 50 percent of your annual income, and the Chapter 7 Bankruptcy will appear on your credit report.
To determine how these benefits and restrictions apply to your personal case, consult with a trusted and experienced Bankruptcy Lawyer. Hoglund Law offers free consultations, so you can feel knowledgeable as you pursue a fresh start.
Chapter 13 Bankruptcy helps to rid you of debts while protecting your valued assets, like your home and car, through a three to five year payment plan. Though this route does require you to make payments toward your debt, it will be at a significantly reduced amount. Additionally, any remaining qualifying debts will be discharged at the conclusion of the payment plan.
If protecting your assets while steadily paying back your debts sounds like the right move for you, consult an attorney to determine if you qualify. They can help you navigate the Minnesota Bankruptcy laws, ensure this is the best option for you and set you on the path to financial freedom.
Debt settlement is a great option for those who don’t qualify for bankruptcy but still have outstanding personal debt weighing on their shoulders. Though your debts won’t be discharged, it is very probable your debts will be significantly lowered. The attorneys at Hoglund Law have the experience in debt negotiation to ensure your best possible outcome is achieved.
Creditors agree to negotiate simply because it is more beneficial for them to receive a reduced payment than if your debts were discharged through filing bankruptcy, leaving them no payments. It is incredibly important to have skilled legal counsel on your side to reach a negotiation beneficial to both you and the creditor. Contact Hoglund Law today to schedule a consultation with an attorney who is dedicated to your best interest.