Can the outcome of a divorce affect your credit?
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
1M ago
It might not always be easy to grasp how the outcome of the end of a marriage could impact your life. While the challenges you face might vary, depending on your situation, one factor that remains a common concern for many could involve uncertainty about how this process could affect your financial future. If you are preparing to dissolve your marriage, it may be understandable to have questions about how the outcome of this process might affect your credit score. Knowing what to expect regarding this aspect of the process could be vital to seeking advice on what steps you can take to protect ..read more
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3 bankruptcy phrases you should know
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
1M ago
When a Minnesota resident is having serious financial problems, he or she may start exploring debt relief options. Perhaps you’re currently in a situation like this. If so, you might be looking at Chapter 7 bankruptcy as a possible way to resolve your financial trouble.  As you navigate bankruptcy proceedings, you might encounter several phrases that can have a significant impact on your case. Understanding these terms helps obtain much-needed information that may influence your decisions. Remember that some things can work in your favor during bankruptcy; others do not. Knowing the diffe ..read more
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What are some of the leading causes of construction disputes?
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
2M ago
Many construction companies may take part in a variety of projects across numerous parts of Minnesota every year. As the owner of a construction company, you may feel it vital to take every available step to protect the interests of your endeavors in each new project, but sometimes things might not always go as planned.  One of the most prevalent concerns you might face could involve the possibility of encountering conflict on a project site. Construction disputes can arise under a variety of situations, and knowing some of the leading causes of such issues may be vital to finding ways to ..read more
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What is a justifiable cause for child custody modification?
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
2M ago
When you filed a petition for divorce in a Minnesota court, you no doubt hoped to settle the matter in as swift and economically feasible a fashion as possible. You also wanted to make decisions with your children’s best interests in mind. You understood that a court order is binding and legally enforceable regarding child custody issues. Now that some time has passed since you settled your divorce, what are you supposed to do if you have determined a need for child custody modification? To request child custody modification, you must file a new petition in court. The judge will want to know w ..read more
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Factors to consider when choosing a business structure
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
3M ago
There may be a multitude of vital topics to consider and difficult decisions to make when preparing to navigate the business formation process. One of the most essential decisions could pertain to choosing a structure that aligns with your goals and needs, but this can also prove a stressful and daunting task.  There are several types of business structures available, and sometimes it might seem difficult to tell which is the proper fit for your situation. Knowing what factors to consider during this process could help you better prepare to choose the business structure that reflects the ..read more
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5 red flags that a divorce may be imminent
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
3M ago
Many Minnesota spouses spent most of 2023 arguing and growing distant from each other. Most of them want 2024 to be different -- to be better. Some have determined that the way to accomplish this is to file for a divorce, believing that it’s better to go separate ways than stay in an unhappy marriage. Several issues often arise and may become overwhelming in a marriage just before one or the other spouse decides to end the relationship. No two marriages are the same, and just because you experience one or more of these issues doesn’t necessarily mean you or your spouse will file for a divorce ..read more
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Reducing the risk of errors during the divorce process
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
4M ago
Preparing to dissolve a marriage can be a stressful process and you may experience a variety of emotions while navigating a similar change in life. With emotions running high, it may be natural to worry that you might overlook certain vital details or make some type of mistake along the way. Since errors could affect the outcome of your situation, it may be beneficial to seek insight on ways to stave off similar concerns. Understanding some of the most prevalent types of mistakes people make during the divorce process could help place you in a better position to protect your future in Minnesot ..read more
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Factors to address before purchasing commercial real estate
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
5M ago
There may be a variety of reasons to consider purchasing commercial property, whether this is a means to further business growth or acts as an investment opportunity. However, there can also be a certain level of risk involved with pursuing similar endeavors, and you might wish to take every step possible to protect your interests.  The path to mitigating risks may involve knowing what types of factors to address when evaluating your available options for properties. This could be integral to making informed choices about each potential candidate and to helping you choose a property in Mi ..read more
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File bankruptcy, activate an automatic stay
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
5M ago
If you feel as though creditors have been following you (figuratively speaking) around Minnesota to try to collect debts, or you are worried about losing your home to foreclosure because you’re behind in mortgage payments, you may want to explore financial options that can help protect your assets. In certain circumstances, it’s possible to obtain an automatic stay against collections or litigation, including creditors’ phone calls, government officials or others who may want to sue you. Under bankruptcy statutes, this “stay” occurs as an injunction (an order or warning) imposed by the court ..read more
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Will you lose everything during the Chapter 7 bankruptcy process?
Burns Hansen | Minneapolis Business & Real Estate Law Blog
by On Behalf of Burns & Hansen, P.A.
6M ago
While bankruptcy is a toll that could provide much-needed relief during times of dire financial strain, there may be some stigmas associated with this system. One misconception that could give you cause for concern might involve the possible fear of losing most of your assets to the liquidation process.  While Chapter 7 bankruptcy might call for liquidation, that doesn’t necessarily mean that you will lose everything you own. Taking time to address the topic of liquidation and the protections provided to consumers via bankruptcy exemptions might help you overcome your reservations and pre ..read more
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