Rochester BANKRUPTCY ATTORNEY
Olmsted County, MN
Here at Hoglund Law, we have devoted the past three decades to perfecting our practice of delivering fresh starts. Rochester residents find an ally at Hoglund to better understand Bankruptcy Basics, obtain credit counseling, and navigate the intricacies of their Bankruptcy Cases. Finding a lawyer with expansive knowledge of the Bankruptcy Code has never been easier with our free consultations and no upfront costs. Finally having peace of mind and being one step closer to financial freedom is only a phone call away.
Chapter 7 Bankruptcy has many benefits such as discharging most unsecured debt, including medical bills and credit card debt as well as immediately obtaining automatic stay which protects you against creditors collecting on debt. Typically, with this type of filing, debtors even retain possession of their belongings and property.
While there is much to be gained through this course of action, there are some debt exclusions, and not everyone is eligible for Chapter 7 Bankruptcy. Some debts, such as student loan debt or child support obligations will remain your responsibility even after Bankruptcy proceedings conclude. It can become challenging to weigh the pros and cons and ultimately decide if Chapter 7 Bankruptcy is the most advantageous route for you. Our experienced and valued attorneys are equipped with the dedication and knowledge crucial to guiding you through this process.
Chapter 13 Bankruptcy is an appealing option if you wish to protect your non-exempt assets from Bankruptcy Court, fail to qualify for Chapter 7 Bankruptcy, or want to reorganize your debts while avoiding significant disruption to your life. Because Chapter 13 Bankruptcy pursues debt relief through a three to five-year payment plan, it does have more of an impact on your credit report and consequently might not be the best option for everyone.
Determining if Chapter 13 can swiftly put you back on your feet and towards financial security, it is necessary to schedule a free consultation with one of our qualified Bankruptcy attorneys right here in Rochester. If you wish to have an ally right by your side through your Bankruptcy Case, call Hoglund Law today.
Debt Settlement remains an option for those who do not qualify for Chapter 7 or Chapter 13 Bankruptcy. This approach includes the negotiation between an experienced Bankruptcy Attorney and your creditors to lower the amount of debt you owe.
Debt settlement still requires you pay off your new, reduced debt after a negotiated resolution is produced, but your debt is more manageable after this process is completed. Having an attorney equipped with expertise in negotiation at the table for you is crucial in producing a result that benefits you most. Our attorneys understand that creditors would prefer you pay a reduced debt through debt settlement than your debts be discharged through bankruptcy. As a result, most creditors are willing to compromise and make your debts manageable. Obtaining the necessary representation to make debt settlement worthwhile is as simple as scheduling a free consultation right here at Hoglund Law.