Attorney Andrew Walker wins a court victory allowing a homeowner in Coon Rapids, and anywhere in Minnesota to keep home sale proceeds
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
2w ago
Attorney Andrew Walker recently won a victory in the Stepp case.  In that case, Mr. Walker successfully argued that Minnesota law allows a person who recently sold a house to keep the money from selling that house AND also to keep another house that the Debtor owned and is using for his retirement. The bankruptcy trustee in that case decided to challenge a MN Supreme Court case from 1967 saying that someone who recently sold a house and moved into another house may keep the sale proceeds of the house they sold and also keep the new house into which they moved.  That case is called O ..read more
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How To Use Bankruptcy To Stop An Eviction in Minnesota
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
2M ago
Bankruptcy Stops Eviction Orders From Being Granted Bankruptcy is a very powerful legal process.  It can stop almost any act to collect a debt, including evictions.  But only if the bankruptcy is filed before the MN Housing Court issues a writ of execution.  After a writ of recovery is issued, then the bankruptcy is less powerful.  Let’s take a minute to learn when a writ of recovery will be issued for someone who has stopped paying rent. How doe the eviction process work in Minnesota Housing Court? Here is a chronological series of how someone gets to eviction in MN Housin ..read more
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Can I keep cryptocurrency when filing bankruptcy in Minnesota?
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
6M ago
Cryptocurrency and Bankruptcy in Minnesota Cryptocurrency has grown from a niche product into a significant consumer investment. Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies are increasingly popular. According to NASDAQ, there are around 46 million Americans who own Bitcoin.  Bankruptcy lawyers have ways of helping you keep cryptocurrency in bankruptcy, but there are limits to how much. What happens if someone who owns bitcoin files for bankruptcy? We’ll go through that in this post: Should I Disclose My Cryptocurrency in Bankruptcy? Can a bankruptcy trustee access my cryptocu ..read more
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Can I File Bankruptcy On Gambling Debts In Minnesota?
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
6M ago
Minneapolis Bankruptcy Attorneys at Walker & Walker Law Offices Bankruptcy is a powerful weapon. It can help you avoid creditors and give you a new financial start. Most importantly, it may wipe out your debts. You’ll generally devote your disposable income to paying off your bills. The court will discharge your remaining debt if you complete the plan and pay it off in five years. In most cases, you keep everything you own and the debts all go away completely.  You don’t have to set up a payment plan and all loans stop the negative credit reporting. Understand How Bankruptcy Works Wh ..read more
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Weighing Your Options: The Pros and Cons of Filing Chapter 7 Bankruptcy
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
1y ago
Do you feel like you are buried in debt with no foreseeable way to get out from under it? Would you like to STOP harassing creditor calls, wage garnishments, pending foreclosure, and losing the assets you have worked hard to acquire? If the answer to these questions is, “Yes!” filing for Chapter 7 bankruptcy could be a solution to help you sleep better at night. What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is known as the “fresh start” bankruptcy and it provides you with the opportunity to wipe your financial slate clean and start building a solid financial future. While there are ..read more
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The IRS and Minnesota Department Of Revenue Are Accepting Tax Returns Early This Year
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
1y ago
Illustration of tax refund form Tax return filing season is starting soon.  The IRS will let people file a little earlier than usual on January 24th.  What about the state of Minnesota?  At present, the Minnesota Department of Revenue has not announced what day they will start accepting tax returns, but it’s likely the same day because most people efile the returns at the same time. Why does a bankruptcy lawyer care about tax return filing?   Because lots of people who need to file bankruptcy live paycheck to paycheck and depend upon their tax refunds to make en ..read more
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Does Filing Bankruptcy Affect a Cosigner’s Credit?
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
1y ago
The short answer is no.  Filing bankruptcy DOES NOT affect a cosigner’s credit.  A bankruptcy only goes onto the credit report of the person who filed the bankruptcy.  The tradeline for the cosigner, sometimes called a codebtor, will also not say bankruptcy.  If the payments on the loan stop, however, then the nonpayment of the loan will be on the cosigner’s credit report. WHAT IS A COSIGNER? A cosigner or codebtor is someone who agrees to pay a debt in the event that the primary borrower does not pay that debt.  The cosigner owes 100% of the balance the whole time.&nb ..read more
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Gurstel Law Firm Is Suing Me, What Can I Do?
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
1y ago
Gurstel Law Firm is a Debt Collections Law firm located in Golden Valley, MN.  They often sue Minnesotans for unpaid debts from things like credit cards or medical bills. A lawsuit in Minnesota starts with a Summons and Complaint.  This is a legal document that is supposed to be served (handed to) the Defendant or a responsible looking adult at their last known address.   A summons looks like the picture below. What happens if there is a lawsuit and you never got served?  The first thing to do is look up the judgement and try to find something called the “affidavit of ..read more
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Can I Be Sued While Working With A Debt Settlement Agency?
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
1y ago
The short answer is YES, you can be sued even if you have a debt settlement or debt consolidation agency working for you. In Minnesota, debt settlement or debt consolidation agencies are not usually lawyers.  They promise to fix debt problems, but they often can’t do it quickly enough to stop a lawsuit against you.  This means that even though you may have hired a company like Lexington Law Firm or Freedom Debt Relief to stop debts from getting out of control, a debt collector can still sue you.  Once the debt collector has a court date, then the debt consolidation agency will u ..read more
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I Have A House in Minnesota, How Can I Be Sure It’s Protected In Bankruptcy?
Walker & Walker | Life Is Better Without Debt | Bankruptcy Truth Blog
by Walker & Walker Law Offices
1y ago
Minnesota Law Protects Homes From Most Debts Minnesota began as a frontier state and has a long tradition of protecting the property of Minnesotans from Debt Collections.   The Minnesota Constitution says: Sec. 12. property exemption. No person shall be imprisoned for debt in this state, but this shall not prevent the legislature from providing for imprisonment, or holding to bail, persons charged with fraud in contracting said debt. A reasonable amount of property shall be exempt from seizure or sale for the payment of any debt or liability. The amount of such exemption shall be det ..read more
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