Bankruptcy Blog

Chapter 7 Bankruptcy Meeting of Creditors

By david.benson / July 30, 2020 / 0 Comments

When you file your Chapter 7 petition, the next step you are required to complete is a 341 meeting of creditors. Named after section 341 of the bankruptcy code, this meeting is the moment you meet the Chapter 7 trustee handling your case, provide necessary documentation, and answer a few questions about your debts, finances, […]

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Top 3 Bankruptcy Alternatives

By david.benson / July 25, 2020 / 0 Comments

And which is right for you For many who are looking to get rid of debt that is threatening their home, livelihood, and sanity, bankruptcy is often heralded as the gold standard to debt management. With two chapters for consumer bankruptcy and alternative options for business owners, it seems like a logical solution to start […]

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Student loan Bankruptcy

By david.benson / July 20, 2020 / 0 Comments

Debt relief for student loans Earning higher education is a milestone in the lives of many young people today with just under 35% of the population having attended college education. Unfortunately, for many students, that education comes at an astronomical price. The result is a newly educated population in a challenging job market with a […]

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Debt Settlement vs Bankruptcy

By david.benson / July 8, 2020 / 0 Comments

Debt consolidation for unmanageable finances Debt comes in many forms. We may have residual student loans, unsecured debt through credit cards or unexpected medical bills, and even larger-ticket payments such as mortgages and auto payments. Debt is so prevalent in the lives of individuals because it is difficult, if not impossible, to housing, education, and […]

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Does Bankruptcy Clear Student Loan Debt?

By david.benson / March 31, 2020 / 0 Comments

Does Bankruptcy Clear Student Loan Debt? Student loan debt can build quickly while you are in school and the payments may come as a surprise when they are due. If you are unable to make your student loan payments, student loan debt bankruptcy may be an option for you. Contact Benson Law Firm for more […]

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How Long Does Bankruptcy Chapter 7 Take?

By david.benson / March 31, 2020 / 0 Comments

If you’re facing huge debts and your finances are spiraling out of control, bankruptcy can give you a clean slate. But how long does bankruptcy Chapter 7 take? While most cases take about 4 to 6 months to complete, the length of the overall process depends on several factors. A Minneapolis bankruptcy attorney can help you […]

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Can you file bankruptcy on medical bills?

By david.benson / March 31, 2020 / 0 Comments

Can you file bankruptcy on medical bills? Without any warning, a medical emergency may leave you struggling to pay the bills. With your medical debt spiraling out of control, you may be looking for a way out. Can you file bankruptcy on medical bills? Yes. In fact, debt from medical bills is one of the […]

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Can One Spouse File Bankruptcy Without the Other?

By david.benson / March 31, 2020 / 0 Comments

Can One Spouse File Bankruptcy Without the Other? If you and your spouse are deep in debt, what are your bankruptcy options? Do you have to file together, or can one spouse file for bankruptcy without the other? The truth is, just because you’re married doesn’t mean each spouse is automatically responsible for the other’s […]

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Should I File Bankruptcy?

By david.benson / March 31, 2020 / 0 Comments

Should I File Bankruptcy? To many people, bankruptcy smacks of failure, conjuring up images of desperate celebrities who’ve squandered their wealth and sunk into despair. But is bankruptcy really only for people with no other options? You may be asking yourself, should I file bankruptcy, or is there another way out? If you are struggling with debts, […]

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How Do I Fix My Credit After Bankruptcy?

By david.benson / March 31, 2020 / 0 Comments

How Do I Fix My Credit After Bankruptcy? Everyone who walks into my office presumes that their credit score will be irretrievably ruined for years to come as a result of their bankruptcy. I am always happy to tell them, “Stop listening to the doomsayers and panicky prognosticators!” Even though the court filing will stay […]

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