Bankruptcy Attorneys
Filing Bankruptcy in Minnesota With Assistance of Qualified Counsel
When people are in financially dire circumstances, they often believe that the quick fix solution to their problem may be taking out a second mortgage, obtaining a home equity line of credit or borrowing against a 401K or other retirement plan, withdrawing money from an IRA or even relying on their credit cards in hopes of being able to ride out what they hope is a short term financial storm. The reality is the “quick fixes” mentioned above often lead into further and deeper financial distress when instead the consumer should be considering filing for bankruptcy in Minnesota. Many consumers turn to the Internet for information and answers to their debt problems, but you should be warned that there is a lot of inaccurate information throughout the Web. Before you take action, it is a sound idea to consult with a knowledgeable bankruptcy lawyer who can explain the bankruptcy process, assess your financial situation and explain your options to help you obtain debt relief.
At Neff Law Firm, P.A., we are here to help debtors evaluate their eligibility for debt relief; help them decide whether to proceed, if qualified, with filing for bankruptcy in Minnesota and then, if retained, assist them through every step of the process. Contact us today to set up an initial consultation by calling 952-831-6555 to see how we can help you. We have offices in Roseville and Edina, Minnesota to best serve your needs.
Common Bankruptcy Misconceptions
One of the biggest misconceptions about filing for bankruptcy in Minnesota is that you can just walk into any courthouse at any time and declare that you are bankrupt. Unfortunately, this is not the case. The United States Bankruptcy Code is a quite complicated set of laws. There are a myriad of procedures that you must correctly adhere to in order to be successful when filing for bankruptcy in Minnesota.
Another mistake people make is they believe that filing for bankruptcy in Minnesota on their own is easy and doing it pro se (on their own without a lawyer) will save them time and money. It really is not as easy as printing out some forms you find online, filling them out, mailing them in and then thinking your debts are no longer yours. People who choose to go this route may end up having their bankruptcy petitions dismissed, or suffer having sanctions levied against them because they are not compliant with the bankruptcy laws and necessary procedures.
Our experienced bankruptcy attorneys are here to help you navigate the process properly in order to ensure your petition is successful and smooth. Our goal is to educate you about personal bankruptcy in Minnesota and provide you effective representation so that you attain financial relief.
We perform careful analysis of your financial situation in order to help determine what solution best serves your needs. We will help you determine what type of bankruptcy you qualify for using the means test and we will also explore other debt relief options, including helping prevent foreclosure on your home if possible. By dispelling many bankruptcy myths for you and, if retained, making sure your petition, schedules and statements necessary for filing bankruptcy are accurate, timely and complete, we can help you build confidence in the process and in your future.
If you are wrestling with the decision to file Chapter 7 bankruptcy or Chapter 13 bankruptcy in the twin-cities metropolitan region and surrounding counties of Minnesota or anywhere else in the state, contact the Neff Law Firm, P.A., today to schedule an initial consultation to discuss your options with our experienced bankruptcy attorneys.
Flexible appointment times are available in our Edina and Roseville offices.
