Bankruptcy attorneys serving Minneapolis • St. Paul • Edina • St. Louis Park • Bloomington • Roseville and all of Minnesota
The Minnesota bankruptcy attorneys from the Neff Law Firm, P.A.'s Roseville office in Ramsey County, and Edina office in Hennepin County have helped many people to evaluate their potential for debt relief under the new bankruptcy law. A debtor can meet with a twin cities bankruptcy attorney from Neff Law Firm, P.A., to help evaluate his or her eligibility for filing bankruptcy in Minnesota.
Many debtors have raised concern that they would not qualify for debt relief under the Bankruptcy Reform Act otherwise known as the new bankruptcy law. There appears to be a common misconception that the so called new bankruptcy law has swept away a consumer's ability to file for bankruptcy relief, when in fact there have been some changes in the law rather than outright elimination of the right to file a bankruptcy. An important change in the new bankruptcy law is the eligibility requirements that apply to chapter 7 filings and the establishment of minimum payment standards in certain circumstances where a chapter 13 is filed. Other requirements have been added as well under the new bankruptcy law—commonly described as the need to obtain a credit-counseling certificate, and complete the required financial management course and obtain a certificate of completion as a requirement to obtain a discharge. In addition, more detailed information with accompanying documentation regarding a debtor’s financial circumstances is required in order to make sure that all of the applicable bankruptcy laws and rules are being met. These changes in the bankruptcy law do not destroy the potential for all consumers to get debt relief. In reality the changes under the new bankruptcy law do not affect many consumers ability to file for Chapter 7 relief. A "means test" has been established under the new law to help determine the eligibility of debtors for filing a Chapter 7 bankruptcy relief. This “means test” helps consumers get a clear indication of their ability to receive debt relief through Chapter 7 and must be carefully evaluated in order to determine a consumer’s eligibility for relief under Chapter7. It should be kept in mind that the “means test,” which is often greatly feared by some people, is not something that will necessarily mean the consumer is totally ineligible for any debt relief. Many debtors who have earlier feared being rejected for bankruptcy relief have found after having their case evaluated by an attorney from Neff Law Firm, P.A., that their circumstances allow them to qualify for relief so that they have been worried for nothing about getting help with there serious financial problems.
Debt Help Under the Bankruptcy Reform Act
Debtors experiencing serious financial problems should not shrink from seeking debt relief out of false fear the bankruptcy reform act, otherwise known as the new bankruptcy law, would prevent getting help. There are many bankruptcy myths that should not be allowed to interfere with seeking possible legal help. The Minnesota bankruptcy lawyers at Neff Law Firm have helped many people get debt relief under the new bankruptcy law. Consumers can avail themselves of legal help in evaluating their financial situation at a confidential meeting with a Minnesota bankruptcy lawyer from the firm. At an initial conference the bankruptcy attorney can review a debtor’s income, asset holdings, expenses, debt and other relevant circumstances. At that time the bankruptcy attorney can, for example, apply the “means test” to see the potential for bankruptcy relief. Consumers wanting to get an accurate picture of their potential for bankruptcy relief may contact Neff Law Firm, P.A., at (952) 831-6555 to set up a confidential appointment to meet with a Minnesota bankruptcy lawyer.
Information on The New Bankruptcy Law
A Twin Cities bankruptcy attorney from the Neff Law Firm, P.A.'s, Roseville office in Ramsey County, or from the Edina office in Hennepin County can meet in person with a debtor and help to evaluate his or her potential for filing bankruptcy in Minnesota under the new bankruptcy law.
Twin Cities Bankruptcy Lawyer
Debtors can meet with a twin cities bankruptcy lawyer at one of Neff Law firm, P.A.'s convenient locations. These Minnesota bankruptcy attorneys are available to consumers throughout Minnesota including people living in Minneapolis, St. Paul, Edina, Roseville, Bloomington, Golden Valley, St. Louis Park, Robbinsdale, Brooklyn Center, Anoka, Columbia Heights, Oakdale, Eagan, Mendota Heights, Eden Prairie, Deep Haven, Minnetonka, Wayzata, Mound, Hopkins, Chaska, New Brighton, Chanhassen, Excelsior, Orono, Shakopee, Richfield, Brooklyn Park, Plymouth, St. Anthony and Maple Grove.
For an appointment to meet a twin cities bankruptcy lawyer in the greater Minneapolis office in Edina, Minnesota or in the greater St. Paul office in Roseville, Minnesota please call Neff Law Firm, P.A.'s, central scheduling telephone number of (952) 831-6555.
