Are you looking for a workable solution to your financial difficulties? Have you explored the different types of bankruptcy but are still not quite sure if these options are right for you? Consider Hoverson Law Offices, P.A. and let a qualified personal bankruptcy attorney guide you through your time of need. Bankruptcy law can be confusing and the decisions you make now regarding your finances will have long lasting effects on your future. Make certain that you get accurate information from the qualified professional at Hoverson Law.
It's important to the Minneapolis personal and business bankruptcy law firm of Hoverson Law Offices, P.A. that we give you the personal attention that you need to address your financial difficulties properly. We understand that financial problems are stressful and we look forward to helping you make the most informed decision if and when you decide to pursue bankruptcy as an option.
If you are unsure if you should pursue Chapter 7 or Chapter 13, accurate advice from a qualified bankruptcy law firm will not only help you understand your situation better, but also provide you with alternative options that you may not be aware of. Remember, your financial future is significantly affected by decisions you make today. Make certain that you are fully informed and prepared to make the best possible choices.
We offer a full array of bankruptcy services. Whether you are an individual looking for complete relief through a Chapter 7 or perhaps looking to restructure debts with Chapter 13, our Minnesota personal and business bankruptcy lawyer will assist you in making the best decision for your particular situation. Even as a corporation, you have rights under Chapter 11 bankruptcy and a Minneapolis business bankruptcy attorney can help you restructure your company and keep creditors off your back while you get your finances in order again.
Don't make the mistake of trying to resolve your personal or business debt on your own. Trust a qualified Minnesota personal and business bankruptcy attorney to guide you through your options and get you on the path to recovery.
Chapter 7 Bankruptcy
Chapter 7 is mainly for individuals, but can also be filed by businesses. When a bankruptcy case is reviewed by a Chapter 7 bankruptcy attorney, it must first be determined which debts are likely to be "dischargeable" and which debts are not. A Chapter 7 will generally discharge medical bills, credit cards, unsecured loans, judgments, and some personal income tax debt. If it is determined by your attorney that most of your debt is not dischargeable, you may want to look at filing for Chapter 13 instead of Chapter 7. Determining if Chapter 7 is the most beneficial bankruptcy option for your situation requires careful analysis by an experienced bankruptcy attorney.
Chapter 13 Wage Earner Plan
If you have a steady job and have just gotten behind on your bills, you might want to look into a Chapter 13 bankruptcy. This is basically a restructuring of debt over a three to five year period to allow you breathing room to pay your debt to the best of your ability. The protections in Chapter 13 bankruptcy can help a homeowner prevent foreclosure and automobile owners avoid repossessions. A Chapter 13 bankruptcy attorney can help you determine if this is the right option for you. If not, there are still many other avenues to explore for getting your personal finances back on track. Call us and attorney Michael K. Hoverson will go over them with you.
Chapter 11 Bankruptcy
Our Minnesota bankruptcy attorney can help you restructure your company under Chapter 11 to keep creditors off your back while you get on your feet again. Many companies are taking advantage of this option right now because the recession hit everyone pretty hard. If you are still standing, you have most likely seen the worst and have gotten through it. If you are buried in debt, but can see a light at the end of the tunnel, let us help you free up some of that incoming cash so you can breathe a little easier. Chapter 11 will enable you to pay off back bills over a reasonable period of time without falling any further behind on current bills. Call us for more information.
The Benefits of Bankruptcy for Individuals and Businesses
There is a stigma attached to the word "bankruptcy" which really doesn't need to be there. A personal or business bankruptcy lawyer will tell you that it is one of the best things you can do for yourself when you get into financial trouble. Far too many people attempt to get out of debt by taking on more debt in the form of high interest loans. That is not the solution. Restructuring your debt and taking some credit counseling classes like those required now when you file for bankruptcy can help you get on solid ground for good, not just temporarily. There is a process involved to get there, but it is well worth the effort required. The Minneapolis bankruptcy lawyer at Hoverson Law Offices, P.A. will help you. Call us today for your free consultation.