I already filed bankruptcy, when can I file bankruptcy again?

You need to wait eight years from the filing date of a prior Chapter 7, in order to file another Chapter 7 and get a discharge. If it's been less than eight years, but at least four years, you can file a chapter 13, and get a discharge. My “over/under,”…

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…

Biden supports Bankruptcy Reform

A recent article in the Washington Post pointed out that Joe Biden was one of the Democrats to cross party lines and help pass the Bankruptcy Reform Act in 2005. He now regrets that, and supports Elizabeth Warren’s plan to revise the bankruptcy…
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Divorces increasing in light of COVID? 

A recent Star Tribune article indicates that divorce-related internet searches are up since COVID started in March. While it’s not based on actual filing data (and in MN, many divorces aren’t filed until well after they are served or…
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Well Fargo mortgage putting homeowners into forbearance plan without their consent

A recent article pointed out a disturbing trend, whereby Wells Fargo Mortgage has told homeowners, who are in a chapter 13 bankruptcy plan, that they are in a forbearance plan. This has happened to several homeowners, none of whom had requested…

Bankruptcy meetings will continue to be done telephonically through November

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…

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…

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…

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…
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New median income figures go into effect November 1, 2019

The Department of Justice recently did its semiannual adjustments of the median income figures, which are effective in bankruptcy cases filed after November 1, 2019. The median income is an important figure, as debtors below that figure are…