St. Paul BANKRUPTCY ATTORNEY
Ramsey County, MN
Hoglund Law has been arming Saint Paul residents with outstanding Bankruptcy Lawyers and legal advice since opening its practice 29 years ago. You can trust that our attorneys are equipped with experience and essential knowledge of the Bankruptcy Code that will assist you in filing your case. With no upfront fees, and free consultations, filing with Hoglund Law is a refreshingly easy step in what can be a scary start to the more financially stable future you want. For debt relief assistance from attorneys who can help you understand bankruptcy basics, look no further.
Filing a Chapter 7 Bankruptcy means eliminating pesky credit card and unsecured debts—which have, for too long, gotten in the way of living the financially free life you’ve wanted. The first step? Meeting for a free, 30-45 minute consultation in our St. Paul Office, where we are equipped to get you on the road to the fresh start you need.
Not everyone qualifies for a Chapter 7 Bankruptcy, and not all debts are automatically wiped out. Child support and student loans, for example, can usually not be discharged, and your total debt must amount to over 50 percent of your annual income. This is why it is imperative you contact a qualified attorney to assist you.
With a three to five year plan, Chapter 13 filers set out to protect non-exempt assets while paying off their non-dischargeable debt. Whether you’ve already gone through the process of filing a Chapter 7 or are looking to reorganize your debts with protection from the bankruptcy court, our experienced Bankruptcy Attorneys at Hoglund Law can help determine eligibility and get you on the road to the fresh start you need.
The payments you make will be on a reduced amount of debt, lower than what you might receive under a debt settlement plan. At the end of your payment plan, certain qualified debts are discharged, including credit card debt and medical bills. To find out if you qualify and to help navigate the complex and continually changing the landscape of bankruptcy it is incredibly vital that you contact a qualified and experienced Bankruptcy Attorney, such as the ones you’ll find in our St. Paul office.
When a client doesn’t qualify for bankruptcy but still needs help becoming financially free, our lawyers sometimes recommend and are prepared to assist with pursuing debt settlement. Also known as debt negotiation, debt settlement is the process by which you legally negotiate with creditors to minimize the amount you owe.
Our attorneys know how to use the threat of impending bankruptcy to bring creditors to the table—creditors who would rather receive something for their trouble than nothing. Instead of taking a loss with a person who might soon transition their case to a bankruptcy case, the creditors will scramble to try and reach a resolution that will work best for all parties involved.
While you will still have to pay the reduced debt, the debt settlement will not impact your credit report as harshly as a bankruptcy. This can be the perfect compromise for the right clients.