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Well Fargo mortgage putting homeowners into forbearance plan without their consent

A recent article pointed out a disturbing trend, whereby Wells Fargo Mortgage has told homeowners, who are in a chapter 13 bankruptcy plan, that they are in a forbearance plan. This has happened to several homeowners, none of whom had requested…

Student Loans in Chapter 13 in Minnesota

https://www.youtube.com/watch?v=XGD622phGKw&t=66s

Bankruptcy meetings will continue to be done telephonically through November

In a bankruptcy case, you don’t actually go to court, but there is a necessary appearance with the trustee called a meeting of creditors, which traditionally has been held at the courthouse. These have been getting done by phone conference…

COVID-19 Mortgage Relief Options

https://youtu.be/XhAWpLFJejg You may have heard that one of the provisions of the CARES Act, is that there is currently a moratorium on foreclosures of federal loans, and in fact, upon request, you can request that all payments stop for six…

Current Theisen Law policies under COVID-19

At this juncture, we can continue working from home, and serving our clients via phone, email, and fax. Mail is forwarded home. We keep limited hours at the office but can pick up documents there.   We anticipate gradually reopening within…

Gov. Walz Suspends Garnishments

Governor Tim Walz just issued an executive order halting any garnishment of bank accounts or wages for consumer debts. Violators are subject to a $25,000 penalty. There is an exception for child support.   Also, consistent with what we…

MSBA Bankruptcy Section Consumer Subcommittee Meeting

Notice of May 12, 2020, 6 PM start time MSBA Bankruptcy Section Consumer Subcommittee Meeting Join us for a panel discussion with Jeffrey Bruzek, Tim Theisen, and Ron Lundquist as we discuss the following garden of sprouting Chapter…

Minnesota State Bar Bankruptcy Section Consumer subcommittee on May 12, 2020

Tim will speak at a zoom CLE conference before the Minnesota State Bar Bankruptcy Section Consumer subcommittee on May 12 at 6:00 PM on the subject of chapter 13, including new trends on handling student loans, and new laws and policies in light…

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…

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…