Starting the Bankruptcy Process

Bankruptcy Lawyer in Minnesota

Only federal courts have jurisdiction over bankruptcy cases and the main objective is to give you a new start in life on your finances. Chapter 7 bankruptcy allows you to legally discharge all or the majority of your debts, which may include those from medical bills, bank loans and credit cards. Chapter 11 is frequently used by businesses so that they can reorganize and return their company to profitability. Chapter 13 provides a method by which you can pay your creditors within a specific amount of time and in a manner that fits with your ability to pay.

Heimerl & Lammers begins the process by analyzing your current financial situation to see if you are eligible to file for bankruptcy and to determine if it is the best way to resolve your financial difficulties. Once this has been accomplished, we start the work of collecting all documents and other information needed in filing for bankruptcy. It is vital that this step be correctly done by a well-versed Minnesota bankruptcy lawyer. Failure to do so can result in your application being disapproved and fraudulent statements made in a petition can be severely punished.

Stopping Debt Collection Actions

Once your petition is filed, all credit collection actions against you must stop. In addition, the filing can prevent or reverse repossession of your property, stop utilities from being shut off or makes the utility company turn them back on, prevents or stops wage garnishment and puts a halt to home foreclosure.

If there are no issues to be resolved, and your petition is approved, you can be granted a discharge of your debts. If you have a court approved plan for the payment of your debts, this plan must be followed through to completion.

If there are outstanding issues, such as disputes with a creditor, and these cannot be resolved by negotiation with our office, the matter can be taken up with a lawsuit in bankruptcy court. This litigation follows closely the methods used to resolve legal matters in a civil court. With many years of experience to rely on, we strive to produce the best result possible in order to successfully conclude your bankruptcy case.

Contact a Minnesota bankruptcy attorney to find out about the process of bankruptcy and if it is right for you and your family.