Chapter 13 Bankruptcy in Minnesota
Chapter 13 bankruptcy lets you reorganize your debts into a court-approved payment plan while you keep your home, car, and other property. Attorney Nathan M. Hansen has practiced law in Minnesota since 2003.
How Chapter 13 Works
You propose a repayment plan that usually lasts three to five years. You make one monthly payment to the Chapter 13 trustee, who pays your creditors under the plan. When the plan is complete, most remaining qualifying debts are discharged.
What Chapter 13 Can Do
Stop a foreclosure and catch up on missed mortgage payments over time
Stop a repossession and keep your vehicle
Stop wage garnishments and collection lawsuits
Pay back taxes over time
Protect property that might not be protected in Chapter 7
Chapter 13 or Chapter 7?
Chapter 13 is often the right choice if your income is above the means test limits for Chapter 7, or if you are behind on a mortgage or car loan and want to keep the property.
Free Chapter 13 Consultation
We serve clients throughout Minnesota, North Dakota, and western Wisconsin. Evenings and weekends by appointment. Call 651-704-9600 to talk about whether Chapter 13 is right for you.