Overwhelming debt can be exhausting, both physically and mentally. More often than not, those experiencing overwhelming debt don’t know where to turn for help. For most debt problems, bankruptcy is the Recipe for Relief from the stress and anxiety of crushing debt. At Kain & Scott our MN Bankruptcy Lawyers Recipe for Relief is a simple four step process: 1) Free No Obligation Consultation, 2) Review and Sign Meeting, 3) 341 Meeting, and 4) Discharge.
STEP 1: FREE NO OBLIGATION CONSULTATION
Truly, the first step to conquering your debt is accepting that you need help. Once you accept that bankruptcy may be an option for you, schedule your Free No Obligation Consultation with one of the attorneys at Kain & Scott. With eight offices throughout Minnesota, we can schedule you wherever is most convenient for you. If traveling to one of our offices is difficult for any reason, we can schedule your Free No Obligation Consultation via Skype, Facetime, or over the phone. Whatever is easiest for you is easiest for us!
At your Free No Obligation Consultation we take a look at your income, assets, expenses, and debts to try and figure out if bankruptcy is the best solution to your unique situation. While we all come from different backgrounds and experiences, bankruptcy is often the best solution. The name of this meeting speaks for itself: it is free and there is no obligation to sign up with us. We simply want to hear your story and see if we can help you in any way!
If you decide that bankruptcy is the Recipe for Relief for you, our MN Bankruptcy Lawyers will sign you up and schedule your Review and Sign Meeting.
STEP 2: REVIEW AND SIGN MEETING
Between the Free No Obligation Consultation and Review and Sign Meeting, we don’t send you home with any worksheets. We do all the work for you! Instead, we pull your credit report and ask you to bring a few documents that are easy for you to get your hands on: paystubs, tax returns, vehicle titles, etc.
At your Review & Sign Meeting, you meet with our staff and your bankruptcy attorney to discuss the details of your bankruptcy petition. We go through a draft of your bankruptcy petition and schedules to make sure the information included is true, correct and complete. At the end of the meeting, you sign your bankruptcy petition and we file your bankruptcy within one to two days!
As soon as our MN Bankruptcy Lawyers file your bankruptcy petition and schedules, creditor collection must stop by law. The relief you are seeking begins here! You should already feel a weight lifted off your shoulders!
STEP 3: 341 MEETING
Your 341 Meeting is also known as the “First Meeting of Creditors.” While creditors are invited to attend your 341 Meeting, they rarely are in attendance. At this meeting, your bankruptcy attorney and you sit with a bankruptcy trustee while they ask you “yes or no” style questions regarding your bankruptcy petition and schedules. They are just checking to see that the information included in your bankruptcy petition and schedules is true, correct and complete. The 341 Meeting averages only 5-10 minutes, is not in a courtroom, and is not with a judge. It is an important and mandatory, yet informal meeting with the bankruptcy court.
Note: In a Chapter 13 bankruptcy, there is STEP 3.5: CONFIRMATION HEARING.
Following the 341 Meeting, a Confirmation Hearing is scheduled in a Chapter 13 case. Usually, you are not expected to attend and your bankruptcy attorney attends on your behalf. At the Confirmation Hearing, the court approves the repayment plan you proposed in your bankruptcy petition. For more information, check out the differences between filing a Chapter 7 and Chapter 13 Bankruptcy.
STEP 4: DISCHARGE
If you filed a Chapter 7 bankruptcy, you will receive your Notice of Discharge approximately 60 days after your 341 Meeting. If you filed a Chapter 13 bankruptcy, you will receive your Notice of Discharge after your 3-5 year plan payments are complete.
The Notice of Discharge means that your qualifying debts have been discharged. Congratulations! Relief at last!
BONUS STEP 5: 90 DAY FREE* CREDIT REPAIR PROGRAM
If after receiving your Notice of Discharge you want to work on improving your credit score, sign up for the Kain & Scott 90 Day Free* Credit Repair Program. We want to do everything thing we can to help you get your life back, even after you receive your bankruptcy discharge!
At Kain & Scott, our top concern is helping you find relief from your overwhelming debt. We are Minnesota’s nicest bankruptcy law firm, guaranteed, or 100% off your fees*! Our Recipe for Relief has helped thousands of Minnesotans get their life back on track financially and we can do the same for you!
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