St. Louis Park BANKRUPTCY ATTORNEY
Hennipen County, MN
With over 70 years of combined experience here at Hoglund Law, our offices have assisted residents of St. Louis Park in countless Bankruptcy Cases. Whether you’re looking for a fresh start or simply some credit counseling, we’re here to support you through all manners of debt relief. We offer free consultations, zero dollar down bankruptcy assistance, and —ensuring that the first step in your new future is one you can take confidently.
If you feel like you’re drowning in credit card debt, medical bills and other unsecured forms of debt amounting to over 50 percent of your annual income, then filing under Chapter 7 Bankruptcy might be the best step forward in securing a financial future you can be proud of.
In addition to discharging debts, Chapter 7 bankruptcy grants you an automatic stay to stop creditors from taking certain legal actions and attempting to collect from you. It means an end to the endless, stressful, collection calls, and a beginning to the financial freedom you crave.
However, filing a Chapter 7 will not discharge all debts—child support and student loans, for example, remain—and it will likely show up on your credit report, which is why it is important to be sure that filing a Chapter 7 bankruptcy is right for you.
Your next step? Contacting our St. Louis Park office to set up a free 30-45 minute consultation, where we’ll walk you through your best options and help alleviate the burden that your debt has become.
If you’ve previously filed a Chapter 7 bankruptcy or are looking to protect non-exempt assets in your bankruptcy and need the protection offered by the bankruptcy court, then a Chapter 13 filing could be right for you. When you file a Chapter 13 Bankruptcy, you make a commitment to pay back reduced debts according to a three to five-year plan—at the end of which certain qualifying debts are discharged. While this appears on your credit report and will impact your credit score, the results of a Chapter 13 Bankruptcy, when done right, typically launches you into a brighter financial future than you would have otherwise experienced.
To determine if a Chapter 13 Bankruptcy is right for you, it is imperative you meet with a qualified attorney well versed in the bankruptcy code. Hoglund Law’s attorneys possess the knowledge and experience to ensure that the next step forward is the right one and provide free consultations to help make the beginning path to financial freedom stress and dollar free.
Before moving forward with Bankruptcy Proceedings, it may be advisable to consider whether overcoming your financial burden can be solved through debt settlement. Debt settlement is a process through which you negotiate with a creditor to settle a debt for a reduced sum. Creditors agree to this because they would rather receive something than nothing—a fact that a qualified bankruptcy attorney can remind them of at the negotiating table.
In fact, creditors are more willing to settle debts with consumers represented by attorneys. It’s easy to see why—the threat of bankruptcy seems much closer when the person negotiating for debt settlement is experienced in bankruptcy code. Rather than risk you paying nothing and filing for bankruptcy, creditors will fight to make sure you pay something.
There are many factors to consider before hurtling yourself headfirst into any debt relief plan. To determine if debt settlement is the solution you’ve been looking for, you should consult an experienced bankruptcy attorney to advise you on the best path toward financial success.