NFL’s Warren Sapp Files for Bankruptcy
Former NFL defensive lineman Warren Sapp recently filed for Chapter 7 bankruptcy in Florida. Chapter 7 bankruptcy is also called liquidation bankruptcy because most of the debtor’s assets are...
View ArticleMinneapolis Chapter 7 Bankruptcy Attorney Answers Counseling Questions
In 2005, bankruptcy law changed. Among the changes was a requirement that, with very limited exceptions, individual debtors seeking bankruptcy get pre-bankruptcy counseling. The failure to comply with...
View ArticleWill a Minneapolis Bankruptcy Affect Your Children? Talk to a Lawyer!
To some people bankruptcy may seem like a legal decision, a financial decision, or even a business decision with consequences only for the bankruptcy petitioner. These people are not parents. Parents...
View ArticleMadoff Trustee Adds Additional Defendants to Lawsuit
Trustees serve many roles in bankruptcy cases, namely distributing money to creditors and making sure that all assets are accounted for. In the case of Bernard Madoff, the infamous Ponzi scheme...
View ArticleGovernment Pension Fund Becomes First in America to File for Bankruptcy
When you think of America you probably think of the fifty states, but America includes territories, such as Puerto Rico and the Commonwealth of the Northern Mariana Islands, as well. The Commonwealth...
View ArticleAnticipating Life After a Chapter 7 Bankruptcy in Minneapolis
Filing for bankruptcy is not an end unto itself. In other words, a Minnesota Chapter 7 bankruptcy is only worth filing if it is going to make your life better when it is completed. In order to...
View ArticleCan I Stop a Credit Card Issuer From Garnishing my Wages in St. Paul?
If you are having trouble paying your bills, the prospect of having your wages garnished by a credit card company may be terrifying. How will you make ends meet if you have even less money than you did...
View ArticleSuccessful MN Restaurateur Files for Chapter 7
Tom Petters, a former Minnesota business mogul, is serving a fifty-year jail term for twenty counts of fraud relating to his $3.65 billion Ponzi scheme. A Ponzi scheme is run by promising high returns...
View ArticleExperienced Minnesota Lawyer Shares 5 Important Bank Levy Exemptions
You don’t have a large “emergency fund,” “nest egg,” or simple savings account. You are trying hard to make ends meet for yourself and your family, and you are at a loss as to what to do when you...
View ArticleThe Secret of Successful Debt Reduction in Minnesota
You’ve made the decision; the time to get out of debt is now. You are serious about debt reduction, and you want it to be successful. You want to see the worry erased from your spouse’s face. You want...
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