Entries by Tim Theisen

Options for Chapter 13 Debtors 

Many people in an existing, confirmed chapter 13 plan have suffered a change of income, and have inquired about their options. Even debtors whose income has not been impacted have a few new options to consider.  When a chapter 13 debtor’s income decreases, we take a whole new look at their budget, and go through […]

Theisen Law Newsletter April 10, 2020

Good Friday to you! I have been trying to blog & update on these topics, so wanted to take a moment to summarize and update, since information seems to get stale after a few days. Theisen Law policies during the Stay at Home order New laws & policies for debtors in chapter 13 Relief for […]

Update on SBA grant/loans and unemployment for the self-employed

The Minnesota Department of Employment & Economic Development (DEED, or unemployment department, if you eschew euphemistic titles) recently published this article which is a fairly good update on the programs available for small businesses and the self-employed. A good idea to check on insurance coverage for interruption of business provisions. As of this morning, there […]

New Median Income Figures Go Into Effect April 1, 2020

The Department of Justice recently did its semiannual adjustments of the median income figures, which are effective in bankruptcy cases filed after April 1, 2020. The median income is an important figure, as debtors below that figure are almost always assured a chapter 7 discharge. For chapter 13 debtors, being under the median is helpful […]

SBA Grants for Small Businesses & Self-employed

A huge part of last week’s CARES legislation included relief for small businesses, including SBA grants for subsidizing payroll, rent, & utilities for 8 weeks. It starts out like a loan, but will be forgiven upon proof that you used it for those qualifying expenses. Free money! This is not an April Fool’s joke! It […]

Minnesota Unemployment Benefits for the Self-employed

Minnesota Unemployment benefits for the Self-employed Here is an update on unemployment benefits for the self-employed in Minnesota as of Tuesday morning March 31. The Department of Employment and Economic Development’s website still says they are awaiting guidance from the US Department of Labor as to exactly how a self-employed person will get the unemployment […]

Bankruptcy, Courts, and the Coronavirus in MN

This office takes the threat of the Coronavirus very seriously. We will follow, and go above and beyond, all government directives to ensure the safety of our clients, staff, and the public in general. The good news is that a lot of the work that we do as bankruptcy and family law practitioners can be […]