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When Legal Matters Become Personal
The decision to file bankruptcy requires consideration of the pros and cons. My new debt resolution comparison chart is a good place to start when considering the alternatives, and whether bankruptcy is the best fit. There are certain negative ramifications of filing...
Everybody knows that under Minnesota law, you need to have insurance on your car, and that driving without insurance can result in criminal citations. One of the remedies that not a lot of people understand, is that if you cause an accident (or even if you are the...
The Department of Justice recently did its semiannual adjustments of the median income figures, which are effective in bankruptcy case is filed after April 1, 2017. The median income is an important figure, as debtors below that figure are almost always assured a...
My last blog post suggested five things to do when considering bankruptcy; I wanted to start out being positive, and the things not to do are probably more important. The first three tips concern keeping your family out of your finances. While it is perfectly normal...
Most people, by the time they start thinking about bankruptcy, have exhausted other options. Many times people find themselves in a situation where they may or may not be able to dig themselves out of a financial hole, depending on future contingencies, most typically...
On Tuesday, the Supreme Court of the United States heard arguments over whether a creditor who attempts to collect on a time barred (i.e. zombie) debt can face consequences for that, when the debtor files for bankruptcy. Bankruptcy is a system whereby a person can...
As expected, the Bankruptcy Appellate Panel (BAP) has followed its own precedent in determining property tax exemptions are not exempt as “government assistance based on need,” and I am appealing the issue to the 8th Circuit Court of Appeals. The BAP’s Opinion can be...
During the height of the great recession six or seven years ago, many of my clients with upside down mortgages opted to simply do what I referred to as the unofficial lien strip, whereby they simply did not make the second mortgage payments, with the hope that...
The 8th Circuit Bankruptcy Appellate Panel (BAP) heard oral arguments in the case of In re Sheri Hanson last week. I represent debtor Sheri Hanson, who is trying to claim an exemption to protect a $1,500 property tax refund, which the State of Minnesota accords to low...
A realtor will definitely tell you a short sale is better. But keep in mind that a realtor makes money by getting clients and selling houses. While there is nothing wrong with that, and I have nothing against realtors, realtors are trained to tell you this. And there...