Is Bankruptcy Right for You During a Divorce?

If you are struggling to get out from under overwhelming debt during the course of a divorce proceeding, bankruptcy may be your path to a fresh financial start. Ask yourself if any of these apply to your situation: Do you owe more than you can pay? Are you being hounded ...

2020-08-27T16:08:27-05:00May 20, 2020|Categories: Family Law Blog|Tags: , |

Bankruptcy Exemptions & Divorce Cases

Protecting your property during bankruptcy is possible. It can be rather frightening knowing that your creditors can make claims against financial assets and personal property when you file for bankruptcy. Things get even more complicated when a divorce case is involved simultaneously. Your bankruptcy attorney will use “exemptions” to protect ...

2020-08-27T16:08:28-05:00May 6, 2020|Categories: Family Law Blog|Tags: , |

Benefits of Bankruptcy During a Divorce

There are a number of bankruptcy myths that can keep a person from turning to bankruptcy as a solution for their debt, especially when a divorce is involved. It is true that there are some negative aspects of the bankruptcy process. However, anyone filing bankruptcy before, during, or after a ...

2020-08-27T16:08:29-05:00April 29, 2020|Categories: Family Law Blog|Tags: , , |

Repossessions & Divorce Proceedings

Repossession occurs when a creditor seizes a piece of property that was used to secure a loan. If you default on that loan, the creditor has a right to take the property to recover some or all of the money owed to them. The situation can get even more complicated ...

2020-08-27T16:08:29-05:00April 21, 2020|Categories: Family Law Blog|Tags: , , |

Chapter 13 Bankruptcy & Divorce

Chapter 13 Bankruptcy (also known as a “Wage Earners Bankruptcy”) allows you to restructure your debts without having to worry about income or surrendering assets. It is called “Wage Earners Bankruptcy” because a regular source of income is required to make payments. The filer proposes a Chapter 13 plan under ...

2020-08-27T16:08:30-05:00April 14, 2020|Categories: Family Law Blog|Tags: , |

Wage Garnishment & Divorce in Minnesota

One of the worst parts about struggling to overcome debt, especially during or after divorce, is wage garnishment. In many instances, creditors who receive judgment against you can have your wages garnished directly from your paycheck. If this is happening to you, then you understand how negatively this impacts your ...

2020-08-27T16:08:33-05:00March 10, 2020|Categories: Family Law Blog|Tags: , , |

Divorce & Bankruptcy: Determining Eligibility for Chapter 7 Bankruptcy

The means test became part of bankruptcy law in 2005 to help individuals determine their eligibility for bankruptcy, as well as determine which kind of bankruptcy is the best for the situation. Completing the requirements may seem daunting because there are a number of technicalities involved, which is why it ...

2020-08-27T16:08:38-05:00January 21, 2020|Categories: Family Law Blog|Tags: , , |