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Minnesota Bankruptcy Filings Increase

Minnesota Bankruptcy Filings Increase After six straight years of double-digit annual declines in bankruptcy filings, Minnesota Bankruptcy Filings of 2017 edged up slightly over 2016, with a 1.51% increase. Bankruptcy filings peaked…

Can I file bankruptcy on my association dues?

When you buy into a condominium or townhouse, you will be subject to an association, whose fees, bylaws and rules “run with the land.” By operation of the agreement itself, if you fail to pay the dues (or any additional amounts that are…

What are the downsides of filing bankruptcy?

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…

My driver’s license has been suspended due to a judgment. How can I get it back?

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…

6 Things NOT To Do When Considering Bankruptcy

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.…

6 Things To Do If You are Considering Bankruptcy

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,…

Romance Scams

Romance scams are one of the more interesting, albeit sadder, reasons leading people to financial distress and bankruptcy. There are websites devoted to the types of scams that are out there, but typically it revolves around a person overseas,…

When is the best time to file bankruptcy?

The best time to file bankruptcy is probably a year or two ago. While I say that somewhat tongue-in-cheek, it is largely true – most people that I see probably could have and should have filed bankruptcy a year or two ago, but they held off,…

Bankruptcy helps you live longer

People don’t always think of debt relief as a part of financial planning, but it often is. Having counseled people in financial trouble for over 25 years, I know that the fear of bankruptcy being imminent, and trying to determine whether there…

How will bankruptcy affect my credit?

Probably one of my most frequently asked questions. The answer is, bankruptcy isn’t that bad on your credit. The first question I ask people, is how is your credit now? Most people have let their credit slide a bit by the time they have contacted…