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Minnesota Bankrupcy: What Happens in a Chapter 7 Bankruptcy and Who Qualifies
In today’s world bankruptcies are much more common than they used to be. One factor is, of course, the drop in the economy. Some people hesitate to explore the possibility of bankruptcy because they...
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An Overview of Chapter 7, 11, 12, and 13 Bankruptcy | Minnesota Bankruptcy Law
Is your debt consuming you? Do you believe you will never be able to get on top of it? Do you get further and further behind every day? You are not alone. In 2009 there were nearly one and a half...
View ArticleWho is Chapter 7 Bankruptcy Trustee and Where Does Trustee Come From? | MN...
Chapter 7 bankruptcy cases are the most commonly filed form of bankruptcy in the United States. Both individuals and businesses may file a Chapter 7 bankruptcy, if they can meet the requirements....
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The Duties of the Chapter 7 Trustee | Minneapolis Bankruptcy Trustees
Chapter 7 bankruptcy is known as the “liquidation” bankruptcy process. There are other processes under other chapters of the United States Bankruptcy Code, however. Statistics show that debtors file...
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Liquidation and Qualification | Chapter 7 Bankruptcy Basics
Bankruptcies have become more and more common in today’s economy. There are many types of bankruptcies. You may have heard of Chapter 7 bankruptcy, Chapter 11 bankruptcy, or Chapter 13 bankruptcy....
View ArticleChapter 7, the Estate, and the Tax Obligations | Minnesota Bankruptcy...
Bankruptcy proceedings begin with the filing of a petition with the bankruptcy court. A bankruptcy petition is a request that the debtor obtain some relief from current debts owed. Sometimes the...
View ArticleMinnesota Chapter 7 Bankruptcy: The Trustee in Action
More Chapter 7 bankruptcy petitions are filed than any other type of bankruptcy proceedings. Additionally, more individual consumers file bankruptcy cases than businesses. Roughly seventy percent of...
View ArticleThe Chapter 7 Bankruptcy Process in Minnesota
There are bankruptcy provisions for businesses, bankruptcy provisions for individuals, bankruptcy provisions for reorganization, and bankruptcy provisions for liquidation. Each individual or business...
View ArticleChapter 7 Bankruptcy Liquidation Basics
Individual people can file for bankruptcy. Businesses can file for bankruptcy. Different laws apply to individuals and businesses, and some businesses are not considered different from the people...
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Minnesota Bankruptcy: The Basics and the Section 341 Meeting
The bankruptcy process is intended to provide individuals a way out from under mounds of debt and an opportunity to rebuild their lives, and their credit, and begin daily life with a fresh start. Most...
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