$0 Down Bankruptcy® Debt Relief · Chapter 7 and Chapter 13 Bankruptcy
Bankruptcy should be a last resort, but it is a powerful tool for obtaining relief from creditors and a fresh financial start. Bankruptcy is also a complex legal process that requires experienced handling. We realize that debtors who are facing foreclosure, repossession, garnishment or other threats do not have money to hire a lawyer. We also realize that you cannot afford to wait.
Most bankruptcy firms require payment of attorney fees up front to file a bankruptcy petition. At Hoglund Law Office®, we take the burden off of clients who cannot afford a lump sum payment to get their cases filed. Our $0 Down Bankruptcy® plan allows a third party to guarantee your attorney fees so that you can file for creditor protection without delay. You pay only the court filing fee.
CALL US NOW at 855-243-1811 or 651-202-2203
· Free initial consultation
· Zero money down for Chapter 7 or 13
· 13 convenient Minnesota locations
· Direct contact with experienced attorneys
What Is Bankruptcy?
Bankruptcy was built into the Constitution to provide relief to honest debtors. It is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start by discharging debts (Chapter 7) or repaying them over time (Chapter 13). Filing bankruptcy immediately stops most of your creditors from taking any legal action against you.
What can bankruptcy do for me?
Every case is unique, but bankruptcy may make it possible for you to:
- Eliminate unsecured debts such as credit card balances and medical bills
- Eliminate some tax debts
- Reorganize your non-dischargeable debts
- Protect your house, car, retirement and other exempt property
- Stop foreclosure and allow you to catch up on missed payments
- Stop wage garnishment, bank levies, repossession and debt collector harassment
- Restore or prevent utility shut-off
- Start fresh without the burden and stress of crushing debt
We are the leading filer of consumer bankruptcies in Minnesota, and our attorneys have 40-plus years of combined experience. We treat you with dignity, compassion and respect. We take the time to listen, to answer questions and to educate you about your options. We aim to take maximum advantage of your statutory rights and we strive to make this humbling process as convenient and stress-free as possible. See the Hoglund Promise.
What bankruptcy cannot do
Bankruptcy cannot cure every financial problem and it is not the right solution for everybody. In general, bankruptcy will not:
- Discharge secured debts such as a mortgage or car loan. You must pay the regular scheduled payments to keep your house, vehicle or collateralized assets.
- Eliminate debts regarded under bankruptcy laws as non-dischargeable, such as child support, alimony, other obligations in a divorce decree, student loans, court restitution orders, criminal fines, judgments for causing injury or death or most taxes.
- Discharge debts that arise after bankruptcy has been filed.
- Protect assets which are not covered by the bankruptcy exemptions. In the vast majority of cases, consumers will lose nothing as a result of a Chapter 7 or a Chapter 13 bankruptcy. However, bankruptcy can eliminate deficiency balances if you wish to surrender these assets.
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
If you “pass” the means test, Chapter 7 bankruptcy completely discharges eligible debts and prevents any further creditor actions or collection efforts. The rule of thumb is income below the state median generally qualify for a Ch. 7 bankruptcy. However, those above the threshold may still qualify. Most of our clients are able to keep all of their assets in a Chapter 7. We will identify any non-exempt assets and will explain your options.
You may not be eligible for Chapter 7, or you may need to file Chapter 13 for other reasons. Chapter 13 bankruptcy puts creditor actions on hold, including foreclosure, and allows you to reorganize your finances and pay back creditors over three to five years. Our clients commonly pay only half or less of their unsecured debts; the rest is discharged at the end of your plan.
Our knowledgeable attorneys will sit down with you and thoroughly review your finances, your assets and the nature of your debts to determine whether you should file Chapter 7 or 13. We also represent small business owners in bankruptcy proceedings.
What else should I know?
- Utility services — Public utilities, such as the electric company, cannot refuse or cut off service because you have filed for bankruptcy. However, the utility can require a deposit for future service, and you do have to pay bills that arise after bankruptcy is filed.
- Discrimination — An employer or government agency cannot discriminate against you because you have filed for bankruptcy.
- Driver’s license — If you lost your license solely because you couldn’t pay court-ordered damages caused in an accident, bankruptcy may allow you to get your license back.
- Co-signers — If someone has co-signed a loan with you and you file for bankruptcy, that spouse, family member, friend or business partner may be obligated for your debt. Filing Chapter 13 may protect co-signers, depending upon the terms of your Chapter 13 plan.
Pre-filing Counseling and Pre-discharge Education
In order to be eligible for a bankruptcy a debtor must receive a Certificate of Counseling from a U.S. Trustee-approved counseling agency prior to the filing of a case. This certificate is valid for 180 days and must be filed with the court along with your bankruptcy papers. This counseling is designed to assist debtors in budgeting and overall fiscal management.
After filing the bankruptcy petition, a debtor must receive a Certificate of Debtor Education from a U.S. Trustee-approved counseling agency and must file the certificate with the court. In order for you to get a discharge of your debts in your bankruptcy case, this certificate needs to be filed with the court within 45 days after the meeting of creditors has been concluded.
The debtor education courses are designed to educate debtors on wise money management and credit use. You also will get helpful tips and tools on how to obtain credit reports, dispute errors in your report, establish credit and prevent identify theft. We recommend Phil Chwialkowski as an approved provider; call him today at 612-791-1766 to discuss fees and schedule a session. We also can help clients find another approved agency.
Call Us Now · 800-850-7867 or 651-202-2203
The Hoglund Promise · What Our Clients Say
The attorneys of Hoglund, Chwialkowski & Mrozik have helped thousands of Minnesota citizens successfully file for bankruptcy to get a fresh start. We have a convenient office location close to you, with offices throughout the Twin Cities and in St. Cloud, Rochester, Mankato and Duluth. Contact us today for a free consultation.