I am honored to announce that I have been asked to join a distinguished panel of attorneys to discuss issues that arise when bankruptcy and divorce collide. (ChatGPT came up with the clever title “Untangling the Knot".) BankruptcyInstituteBrochure
When Legal Matters Become Personal
Bankruptcy
Buca files chapter 11 bankruptcy
Buca, an Italian restaurant chain founded in Minnesota, has filed Chapter 11 bankruptcy, mainly to get out of leases at stores that have been closed. Their four stores in Minnesota are expected to remain open. They are known for their “family style” portions. The...
Celebrity bankruptcy – Rudy Giuliani’s creditors seek to have independent trustee appointed
Having been saddled with a $148 million default libel judgment for "allegedly" making false, defamatory statements about Georgia election workers, Rudy Giuliani sought bankruptcy protection last December. He had agreed to self-limit his personal budget to $43,000 per...
Celebrity Bankruptcy: Deion Sanders’ son’s attempt to discharge large debt is denied
Shilo Sanders, the 24 year old son of Colorado Buffaloes coach Deion, filed bankruptcy last year, in large part due to having had a large default judgment entered against him by somebody who claimed Shilo had injured him in a 2015 assault. Shilo didn’t defend the...
Alex Jones Bankruptcy dismissed, personal assets to be liquidated
In a victory for the families whose lives were upended by lies from this alternate-reality media personality, Alex Jones agreed to stop claiming bankruptcy protection, and his assets will be liquidated to play claims of this creditors. Jones still claims that the 1.5...
Rubio’s Fish Tacos Files Chapter 11 Bankruptcy
This post really doesn't have anything to do with the practice of consumer bankruptcy in Minnesota, but I just want to give a shout out because this was the first place to really turn me on to fish tacos. In fact, they have the award-winning “Original Fish Taco®” They...
New and improved MN debtor exemptions to take effect Aug 1
After years of lobbying, the legislature finally updated Minnesota’s state exemptions, with an effective date of Aug 1 for most provisions. The full text of the bill can be found at this link (refer to lines 134-142). MN exemptions are useful outside of bankruptcy,...
Tim Theisen featured on WCCO news
I recently had the honor of being interviewed for WCCO news regarding a recent increase in bankruptcy filings. Even though we are nowhere near the levels of filings back in 2008-2010, in fact filings dropped 40% with the onset of the pandemic, we are starting to see...
Median income figures increase effective April 1
The easy way to qualify financially for chapter 7 bankruptcy (i.e. without doing the means test) is by being under the median income. The census bureau has determined that the median income for these household sizes has changed as follows: One person household: (from...
Consumer debt continues to grow
A recent Star Tribune article indicates that Minnesotans have an average of $63,000 of debt per capita (which includes mortgages). As a bankruptcy attorney, we definitely saw a lull with all of the moratoriums on student loans, garnishment, foreclosures and evictions,...