Minnesota Bankruptcy Lawyer

Are you considering bankruptcy?

While there are many bankruptcy myths which can stop an individual from seeking this method of debt resolution, Heimerl & Lammers would like you to understand the many benefits that can be derived from a properly executed bankruptcy proceeding. A dedicated Minnesota bankruptcy attorney should be someone that you can talk to in order to understand any and all debt relief solutions. By having the correct information regarding bankruptcy, however, you may find that there finally is a way to get out from under the burden of your debts.

The entire purpose of a bankruptcy proceeding is to provide you with a new financial start and that is its primary benefit. The two main ways to file are Chapter 7 and Chapter 13 bankruptcy. One allows you to discharge all or most of your debts and the other utilizes a plan by which you can pay off your debts in a realistic manner, over a specified period of time. Discharging your debts means that you are no longer legally obligated to pay them.

The Multiple Benefits of Bankruptcy

Filing for bankruptcy can prevent repossession of your property or, in some cases, it can make a creditor return property that was repossessed. Creditor harassment or any actions to collect on debts you owe will be stopped once your petition for bankruptcy has been filed. Bankruptcy can also put a halt to or prevent a wage garnishment from taking place.

Sometimes, credit collection agencies attempt to get you to pay more than you actually owe and bankruptcy gives your attorney time to effectively dispute their claims. It can also stop a home foreclosure, which may allow you to get caught up on mortgage payments and stay in your house. Part of your fresh financial start can be the elimination of all or of most of your credit card debt through the filing of bankruptcy.

The bankruptcy process begins with our complete review of your financial situation and determining the most effective tools to repair it. This analysis is followed by the gathering of needed information and documentation in order to file your petition. There is life after bankruptcy and your financial future can be brought under control.

Contact a Minnesota bankruptcy lawyer to learn the many benefits of bankruptcy and how it may the solution to your financial troubles.