If you’re considering filing for bankruptcy, there’s no doubt you’re considering all of the consequences of filing, including the good and the bad, along with what your life may be like after you’ve filed. Here, we’ll try to shed some light as to what life is like after bankruptcy. Credit Limitations Bankruptcy stays on your… Read more »
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The Cost of Bankruptcy in Minnesota
If you are considering going through bankruptcy in Minnesota, it is important to determine what the true cost will be. When you are already struggling to pay your daily bills, this is definitely a concern and a source of great anxiety. To understand what to expect, it is best to look at what goes into… Read more »
Tips for Avoiding a Home Foreclosure in Minnesota When Filing For Bankruptcy
If you are struggling to pay your mortgage, it is possible that you will soon be going through a home foreclosure. This is an extremely stressful situation to go through. Luckily, there are some things you can do to avoid a home foreclosure. Here are a few tips to get you started. Tip 1: Face… Read more »
Not All Debts Can Be Discharged in Bankruptcy
Bankruptcy gives people who have accumulated too much debt a chance to start over. Often, people end up in debt because an accident or illness left them with medical bills at the same time as it left them without the ability to work. Bankruptcy helps people to leave the cage of debt so that they… Read more »
Student Loans and Bankruptcy: The Rare Form of Bankruptcy
Going to school and obtaining a higher education is becoming more and more crucial to finding a good job these days. Because of this, the activity in taking out student loans and seeking financial aid to help pay for school has skyrocketed over the last several years. After leaving college, paying back those loans can be difficult… Read more »
Students Sued by Colleges for Unpaid Loans
Student debt is on the rise and colleges nationwide are withholding degrees from graduates who have not paid their federal loans. Yale University and the University of Pennsylvania are two colleges that have sued former students for unpaid Perkins loans. These are loans that provide low-interest financing for “needy students” to pay for their education,… Read more »
Foreclosure Bill Deal Coming Together
Legislation designed to reduce foreclosures and protect homeowners in the process has resulted in an agreement that is going to make a difference for a lot of individuals. Representatives from banks, social justice, and other concerned parties were working on the final details as of May 16, 2013. The legislation, which was sponsored by Senator… Read more »
Over 150 Jobs to be Lost in Creative Memories Bankruptcy
Creative Memories, a St. Cloud-based scrapbooking company, has filed for Chapter 11 bankruptcy, according to a letter filed with the Minnesota Department of Employment and Economic Development. Now the company has plans to lay off most of its staff at its St. Cloud headquarters. The layoffs are to total 163. So far, the company has… Read more »
Court Rules that Requirements Must be Met before Foreclosure Begins
Foreclosure is a complicated process. However, the court has ruled that Minnesota Statute 580.02 must be strictly complied with in order for the foreclosure process can be executed by the mortgagee. This was a ruling by the Minnesota Supreme court in the case of Ruiz v. 1st Fidelity Loan Servicing. The ruling states that all… Read more »