Posts

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…

New median income figures go into effect May 1, 2019

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

8th Circuit Rules Minnesota Property tax refunds are not exempt under state law

The 8th Circuit Court of Appeals just released it opinion in Seaver v. Hanson, determining that state property tax refunds are not government assistance based on need. The prior caselaw on the subject at the BAP level, Manty v. Johnson, had…
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Keeping your house (or car) in bankruptcy (Video)

https://www.youtube.com/watch?v=S8bsZuJ-Mts Sometimes people wonder "Do I actually have to file on my house (or my car)?" And the answer is, well, yes, but basically you just gotta keep making the payments. And the way to visualize this,…

New median income figures, effective April 1, 2018

The Department of Justice recently did its semiannual adjustments of the median income figures, which are effective in bankruptcy cases filed after April 1, 2018. The median income is an important figure, as debtors below that figure are almost…

I am Self-employed as an LLC. Do I need to file bankruptcy, individually, or a corporate bankruptcy, or both?

A frequently asked question indeed, particularly for self-employed people who are incorporated (i.e. as an LLC or S Corp, etc.) and the business is failing. (If you have a very large operation and want to shed corporate debt, and keep the business…