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Anoka, Minnesota Bankruptcy Law Blog

What is the process for divorce in Minnesota?

The court system considers a divorce to be a lawsuit, that ultimately gets decided by a judge after a trial, if the parties cannot come to an agreement. However, over 95% of divorce cases are settled before trial. Here is an outline of the basic steps that occur in a...

Garnishment in Minnesota resumes

The Governor recently rescinded the Order made last May, which had precluded wage garnishment and bank levies. Garnishment of wages and levy of bank accounts may now take place in Minnesota, as long as the judgment was entered prior to May 4, 2020. The state...

Why are bankruptcy filings down in 2020? 

With record shattering unemployment due to the pandemic, a lot of people are surprised that 2020 bankruptcy filings to-date are down 30% from 2019; that figure includes commercial filings, and for individual bankruptcies, the numbers have decreased by at least 40%....

New Median Income Figures In Effect as of November 1, 2020

The Department of Justice recently did its semiannual adjustments of the  median income figures, which are effective in bankruptcy cases filed after November 1, 2020. The median income is an important figure, as debtors below that figure are almost always assured a...

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