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 It's May, and you know what that means - It's time for a Spring Fling with Chapter 13! Just like your flowerbed, Chapter 13 issues are blooming…

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…

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…

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…

SBA Grants for Small Businesses & Self-employed

https://youtu.be/JSu7Q4EeOOw 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…

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…