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 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 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.
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:
We are committed to providing our clients with the highest quality legal services possible. We understand that bankruptcy is a difficult time, and we’re here to help you through it.
If you are struggling with debt, contact LifeBack Law Firm today for a free initial consultation. We’ll review your case and help you determine if bankruptcy is the right option for you. We can also help you complete and file your bankruptcy paperwork quickly and easily.
Don’t wait any longer. Call LifeBack Law Firm today and start your journey to financial freedom.
Let us help you get started on your road to a debt-free life.