Roseville BANKRUPTCY ATTORNEY
Ramsey County, MN
There’s no better place to find a lawyer you can trust than at Hoglund Law’s home office in Roseville. With over 30,000 clients served, Hoglund Law assists with Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and Debt Settlement. Whether you are just beginning bankruptcy proceedings or simply require credit counseling, we offer the support you need to make a difficult time easy. Let’s start with the basics of bankruptcy.
Chapter 7 bankruptcy can be a good fit for those looking to discharge most unsecured debts, credit card debt, and medical bills. How does it work? After filing, you are granted an automatic stay and the bankruptcy trustee assigned to your case liquidates any non-exempt assets so that rather than paying what you cannot afford, your debts will be covered. While that may sound scary, most clients don’t lose any of their property due to it falling under an exception or not being worth selling.
However, it is important to note that not everyone qualifies for Chapter 7 bankruptcy and that not all debts are discharged through bankruptcy. The first step in discovering whether a Chapter 7 filing is right for you is coming into our Roseville office for a free 30-45 minute consultation where we will be able to advise you on the best steps forward.
After filing for Chapter 13 bankruptcy, a debtor begins making payments on their debt over a three to five year period. Once their payment plan is complete, any remaining qualified debt is discharged and the filer is granted a second chance at financial success. Though it is true that credit scores take a dive after the impact of a chapter 13 bankruptcy, Hoglund Law provides much needed credit counseling to its clients to ensure that the fresh start our clients have worked toward isn’t stopped before it begins.
If you, like other chapter 13 filers, are looking to protect your nonexempt assets while benefitting from debt re-organization, then your next step should be contacting a qualified attorney to assist you. The free 30-45 minute consultation offered at our Roseville office makes that step easy.
Resolving debt through a legal agreement with the creditors you owe is the name of the game when it comes to debt settlement. If you cannot qualify for bankruptcy but also are unable to pay the amount of debt owed, this path to debt relief can be the strongest tool at your disposal through debt settlement. With an attorney in your corner, this tool becomes even stronger.
Creditors are looking to collect—no surprises there—but when they are faced with a client who cannot afford to pay the amount owed to them, they risk never getting any return on that which they gave. This is a creditor’s nightmare, made worse when the threat of bankruptcy trails behind their debtors.
Rather than risk the debt getting discharged entirely through bankruptcy, a creditor would rather settle the amount owed to get something rather than nothing. Enter, our attorneys who are not only experienced in negotiating debt settlements but are also well-known for their ability to represent clients through bankruptcy. Sometimes, the reputation of our attorney’s bankruptcy code knowledge is enough to lure creditors to the negotiating table—another great reason to take advantage of our free consultation and find out whether debt settlement is the right path for you.