in Minnesota

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If you're considering filing for Bankruptcy, contact Gale Law Firm for a free, no-obligation consultation.

Bankruptcy Offers a Fresh Start for People With Overwhelming Financial Burdens

Are you one of the millions of people struggling financially due to a job loss, illness, divorce, or another major life event in Minnesota? Facing financial challenges is a part of life. But what about the overwhelming challenges that threaten your well-being? Bankruptcy may be able to help.

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Can Bankruptcy Eliminate My Debt?

Bankruptcy can eliminate most debt, including credit card debt, utility bills, medical bills, personal loans, and more. Some debts, like domestic support and new tax debt, will not be discharged in bankruptcy.

Types of Bankruptcy in Minnesota

  • Chapter 13 is called a wage earners plan.  It enables individuals with regular income to develop a plan to repay all or parts of their debts.  Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.
  • Chapter 7 Bankruptcy’s primary purpose is to discharge certain debts to give an honest individual a “fresh start.”  

We will listen to you and properly advise you on the best remedy for your situation.  

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Stop Creditor Harassment

The automatic stay (or the “stay”) is one of the most important protections and powerful tools available to a debtor in bankruptcy. It is provided for in Section 362 of the Bankruptcy Code.  Triggered immediately on the filing of the bankruptcy petition, it automatically stops substantially all acts and proceedings against the debtor and its property. 

It is a nationwide, possibly even worldwide, injunction barring almost all actions against the debtor and its property, including the exercise of remedies concerning collateral, enforcement of prepetition judgments, litigation, collection efforts, and acts to create, perfect, and enforce liens granted before the bankruptcy petition was filed. 

The automatic stay has a broad scope, applying to all creditors, whether secured or unsecured and to all of the debtor’s property, wherever located.  It forbids creditors from pursuing both formal and informal actions and remedies against the debtor and its property. 

Bankruptcy Hearings

You will be required to attend a hearing called a meeting of creditors.  You are required to testify under oath about your financial affairs and property.  We will be at this hearing with you and help you properly prepare for this hearing.  

In Chapter 13, a confirmation hearing determines whether the bankruptcy judge approves your Chapter 13 Plan.  

We will be at this hearing with you and help you properly prepare.

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