,

Reaffirming Debts

https://www.youtube.com/watch?v=3UQwHfohSHI Reaffirming debts is something that is rarely done in bankruptcy, and almost never needs to be done. Reaffirming should not be confused with simply voluntarily continuing to pay discharged debt,…

Dayton signs Health Savings Account exemption bill into law

Governor Dayton just signed into law HF 2391 which provides an exemption for Health Savings Account. In bankruptcy, debtors can choose whether to protect their assets under state law or federal law. Federal law permits a miscellaneous exemption…
,

Keeping your house (or car) in bankruptcy (Video)

https://www.youtube.com/watch?v=S8bsZuJ-Mts Sometimes people wonder "Do I actually have to file on my house (or my car)?" And the answer is, well, yes, but basically you just gotta keep making the payments. And the way to visualize this,…

New median income figures, effective April 1, 2018

The Department of Justice recently did its semiannual adjustments of the median income figures, which are effective in bankruptcy cases filed after April 1, 2018. The median income is an important figure, as debtors below that figure are almost…

Theisen Law now offers Military discount

In honor of the sacrifice that service members do for this country, I have decided to give all current and veteran military members a 15% discount on my fees. Just this week, I had four new clients who qualified for this discount. They came…

I am Self-employed as an LLC. Do I need to file bankruptcy, individually, or a corporate bankruptcy, or both?

A frequently asked question indeed, particularly for self-employed people who are incorporated (i.e. as an LLC or S Corp, etc.) and the business is failing. (If you have a very large operation and want to shed corporate debt, and keep the business…

Trump to Review Bankruptcy Options for Student Loans

Yesterday the Trump administration said it is going to take a new look at how the government interprets the virtually-impossible-to-attain “undue hardship” standard for discharging student loans in bankruptcy. Where this all goes, and…

8th Circuit Hears Oral Arguments in Property Tax Refund Exemption Case

I had the privilege to argue before the Eighth Circuit Court of Appeals on Tuesday. The issue was whether a Minnesota property tax refund is exempt under Minnesota law as “government assistance based on need.” A Minnesota property tax…

Car Scam Victims Get Their Car Back

I just had the privilege of helping a family on a case that I almost didn’t accept. This gentleman called me in November, indicating he had purchased a vehicle for $6,000 cash in August, after verifying the title was good at the DMV, only…

Will I be able to continue seeing my doctor after a bankruptcy?

For non-emergency services, a medical clinic or dentist can stop seeing you as a patient for any reason, including nonpayment, even if that is due to bankruptcy. As a practical matter, medical clinics, and dentist will permit you to continue…