Chapter 7 Bankruptcy in Minnesota
Chapter 7 bankruptcy can wipe out credit card debt, medical bills, personal loans, and many other debts, giving you a fresh start. Attorney Nathan M. Hansen has helped Minnesotans through bankruptcy and has practiced law in Minnesota since 2003.
How Chapter 7 Works
Chapter 7 is often called liquidation bankruptcy, but most people filing in Minnesota keep their household goods, vehicles, and other property through bankruptcy exemptions. A bankruptcy trustee reviews your case, you attend a short meeting of creditors, and most qualifying debts are discharged within a few months.
Who Qualifies for Chapter 7?
Eligibility depends largely on the means test, which compares your household income to the Minnesota median and looks at your expenses. If Chapter 7 is not a fit, Chapter 13 may be.
What Chapter 7 Can Stop
Wage garnishments
Collection calls and lawsuits
Bank levies
Many repossessions and foreclosure sales, at least temporarily, through the automatic stay
Free Chapter 7 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 7 is right for you.