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 (or video conference for...
When Legal Matters Become Personal
Firm News
COVID-19 Mortgage Relief Options
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 months, and then request another six month extension....
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 the next month. All meetings...
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 already understood, he clarified...
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 13 issues: 1. Up in Smoke: The collision between Chapter 13 and federal law regarding marijuana 2. Saving Grace: Should savings...
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 of COVID.
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 income decreases, we take a...
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 laws & policies for...
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 and the self-employed. A...
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 always assured a...