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Anoka, Minnesota Bankruptcy Law Blog

When should you file for bankruptcy?

Filing for bankruptcy is often someone's last resort when they are in a bad financial situation. It can be hard to know when you need the protection of bankruptcy or when you might be able to correct your financial situation without taking any drastic steps....

New Median Income Figures Effective November 1, 2022

The Department of Justice recently adjusted the median income figures, which are effective in bankruptcy cases filed after November 1, 2022. The median income is an important figure, as debtors below that figure are almost always assured a chapter 7 discharge. For...

Limbo between separation and divorce

  This article discussed “discernment,” the process of counseling for people at the “crossroads” of separation, who don’t necessarily want to work on their marriage, but also aren’t ready for divorce. But the article doesn’t mention the legal issues that arise...

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