St. Cloud BANKRUPTCY ATTORNEY
Stearns County, MN
Hoglund Law is home to the trusted and qualified Bankruptcy Attorneys that can provide you with the debt relief you have been searching for. We stand with our clients, tailoring our services to their needs until they have hit the reset button on their financial life. With a deep understanding of the Bankruptcy Code, we can provide you with the services you need from credit counseling to navigating bankruptcy proceedings. Your first step towards financial freedom is as easy as a 30-minute free consultation with one of our Bankruptcy Attorneys right here in St. Cloud.
Chapter 7 Bankruptcy is the most common approach to obtaining a fresh financial start. When executed with the help of a qualified attorney, most unsecured debts, including medical bills and credit card debt, are eliminated. However, eligibility and which debts that qualify to be discharged add complexity to the filing process. Because some debts such as child support obligations and student loans are not discharged, it is crucial to accurately and efficiently navigate the filing process. Additionally, as soon as you file, you will be granted automatic stay, which prohibits creditors from taking actions against you. When deciding if Chapter 7 is the right course of action for you, it is necessary to have the aid of a trusted and experienced lawyer, like the ones you will find in the Hoglund Law office in St. Cloud.
Filers of Chapter 13 bankruptcy enjoy the benefit of preserving the many norms of their everyday life while still pursuing debt relief. Through a three to five-year payment plan, you can protect your assets such as your house or car, while making reasonable payments to your creditor. Through this type of bankruptcy, you still pay off your debt, but the total owed tends to be lower than it would be through the debt settlement route.
Chapter 13 could be the best selection for you but navigating the ever-changing Minnesota bankruptcy laws demands the assistance of an attorney with high levels of experience. Determining if Chapter 13 bankruptcy can relieve you of financial burden, schedule a free consultation right here in St. Cloud with one of our Bankruptcy Attorneys.
Debt settlement is an alternative route to debt relief if you do not qualify for bankruptcy. Debt settlement is pursued through direct negotiation between creditors and your representation. Our attorneys at Hoglund Law utilize their expansive understanding of debt negotiation to mediate and lower the amount you owe to a creditor. Lowering the amount you owe increases the feasibility of repayment and may be more beneficial to your credit report.
This course of action is often times very impactful because creditors are willing to negotiate. With the potential threat of you declaring bankruptcy which would result in your debts being discharged, creditors want to find a way to make your debt payable.
Having skilled representation is essential in creating a mutually beneficial resolution between you and the creditor. Our attorneys have vast experience dealing directly with creditors, understanding their motivations, and fighting for resolutions that benefit our clients. Deciding if debt settlement would be the best plan for you is something that can be determined in a free consultation.