Bankruptcy Attorneys Serving Buffalo Residents

At LifeBack Law Firm, we help people in Buffalo, Minnesota get out of debt and repair their credit. We offer fast and easy comprehensive debt solutions, including Chapter 7 and Chapter 13 bankruptcy. Our attorneys have been helping Minnesota residents eliminate their debt for over 50 years.

Chapter 7 bankruptcy

Chapter 7 bankruptcy is a type of bankruptcy that allows you to eliminate most of your unsecured debt, such as credit card debt, medical debt, and personal loans. It is the most common type of bankruptcy filed by individuals.

To qualify for Chapter 7 bankruptcy, you must pass a means test. The means test is a calculation that determines whether you have enough income to repay your debts. If you do not pass the means test, you may still be able to file for Chapter 7 bankruptcy, but you will need to repay some of your debts.

Once you file for Chapter 7 bankruptcy, your creditors will be prohibited from contacting you or attempting to collect on your debt. You will also be appointed a bankruptcy trustee, who will oversee the process of liquidating any non-exempt assets and distributing the proceeds to your creditors.

Chapter 13 bankruptcy

Chapter 13 bankruptcy is a type of bankruptcy that allows you to repay some of your debts over a period of time, typically 3-5 years. It is a good option for people who have too income to file Chapter 7 bankruptcy, but who have a steady income and want to avoid liquidating their non-exempt assets.

To file for Chapter 13 bankruptcy, you must develop a repayment plan. Your repayment plan must be approved by the bankruptcy court. Once your repayment plan is approved, you will make monthly payments to the bankruptcy trustee, who will distribute the payments to your creditors.

Other services

In addition to bankruptcy services, we also offer a variety of other services to help you get out of debt and repair your credit, such as:

• Credit counseling: We can help you develop a budget and create a plan to pay off your debt.
• Debt negotiation: We can negotiate with your creditors to reduce your debt payments or eliminate your debt altogether.
• Credit repair: We can help you rebuild your credit profile after bankruptcy.