Minneapolis BANKRUPTCY ATTORNEY
Hennipen County, MN
With 30,000 satisfied clients, Hoglund Law understands how to put Minneapolis residents back on track towards financial freedom. Our attorneys have extensive backgrounds in navigating the intricacies of the Bankruptcy Code and delivering results to each client that walks in our door. While selecting the correct avenue towards economic security can be horribly overwhelming on your own, our trusted lawyers can bring you peace of mind with a free 30-45 minute consultation without upfront costs. For simple and efficient access to debt relief, call or visit Hoglund Law right here in Minneapolis.
If credit card debt, medical bills, or other unsecured debts are the source of your financial trouble, Chapter 7 Bankruptcy could be the path towards your fresh start. If this plan is selected as the most beneficial route to you, filing will result in an automatic stay which bans creditors from collecting or ringing your phone ever again. While the benefits of Chapter 7 are immense, it is not the most desirable option for all, and eligibility requirements can be tricky. Furthermore, if your debts are student loans or child support payments, these debts are not dischargeable, and this path is likely not ideal for you.
To determine if Chapter 7 is capable of providing you with debt relief, it is imperative you consult with a trusted Bankruptcy Lawyer. Navigating the ins and outs of the Minnesota Bankruptcy laws to ensure you receive the best possible outcome is only possible with a qualified lawyer on your side.
Filing for Chapter 13 Bankruptcy, safeguards assets such as your home or car that would not be protected from the Bankruptcy Court in Chapter 7 Bankruptcy. Chapter 13 can be particularly favorable for those looking to discharge debts that are not dischargeable in Chapter 7, such as child support or student loans. Whether you have already filed for Chapter 7 in the past or you are looking for a nondisruptive way to reorganize your debts, Chapter 13 could deliver you into financial freedom.
Upon completing a three to a five-year payment plan to your creditors on a reduced debt, your remaining debt is discharged. While Chapter 13 is harsher on your credit report than Chapter 7, Hoglund Law sticks by you to rebuild your credit score to ensure you can fully partake in a financially stable future.
Chapter 13 is only beneficial if it is the correct course of action for you. To determine if Chapter 13 is your route to a fresh start, trust our qualified team at Hoglund Law and book a free 30-45 minute consultation at our Minneapolis office.
If you have outstanding personal debt and fail to qualify for bankruptcy, there is no need to worry because debt settlement is still a viable alternative. While this option does not discharge your debt, it almost always results in significantly lowering the total debt you owe. Often referred to as debt negotiation, having stellar legal representation draws creditors to the table for mediation.
Thirty years of experience has allowed our outstanding Bankruptcy Attorneys to understand creditors prefer to negotiate with you instead of you filing for bankruptcy which would result in them receiving no payment. Consequently, your representation will negotiate until a resolution is agreed upon that allows you to make feasible payments on your reduced debt. To obtain an attorney that is well versed in debt settlement and has deep expertise in negotiating, schedule a consultation right here at Hoglund Law.