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Turn to experienced Minneapolis bankruptcy attorneys when your finances are zeroing out and your debts are rising.
Qualified Minneapolis bankruptcy attorneys can make a big difference. If you are being harassed by bill collectors, threatened with foreclosure on your home or afraid your car will be repossessed, you need the immediate help of skilled Minneapolis bankruptcy attorneys.
Contact the Minneapolis bankruptcy attorneys at Legal Helpers to find out if you are eligible for Chapter 7 or Chapter 13 bankruptcy.
Fill out our Free Legal Evaluation Form to see if you qualify for help from one of our highly skilled lawyers.
To find out what your options are you need the help of experienced Minneapolis bankruptcy attorneys, who analyze your finances and who fully understand the laws governing consumer debt. Not all Minnesota bankruptcy attorneys are equally experienced in both Chapter 7 and Chapter 13 bankruptcy laws. Don't gamble your future on Minnesota bankruptcy attorneys who have little experience in this field of law. When your finances are at their lowest you need the help of the nation's largest and most sophisticated consumer debt consolidation law firm - Legal Helpers.
Because Chapter 13 bankruptcy has several restrictions, it is imperative that you check with one of Legal Helpers' experienced Minnesota lawyers. To qualify your income must be high enough so that after you pay for your basic human needs, you are likely to have money left over to make periodic payments to the court for three to five years. Your steady income can be from a variety of sources including - a job, self-employment, wages from seasonal employment, sales commissions, pension payments, social security benefits, disability or workers' compensation benefits, welfare, child support or alimony that you receive, royalties or rents or proceeds from selling property. The income does not have to the same every month but it must be steady and likely to continue.
The total amount you pay will depend on how much you owe, the type of debts you have and your court's attitude. To determine if your disposable income is high enough to fund a Chapter 13 plan, you must create a reasonable monthly budget. If you are not proposing to repay 100% of your debts and the court, the trustee or a creditor thinks your budget is too generous -- that is, it includes expenses other than necessities -- your budget could be highly scrutinized.
You do not qualify for Chapter 13 if your secured debts exceed $922,975.00. In addition, for you to be eligible for Chapter 13, your unsecured debts cannot exceed $290,000. Most debts are unsecured, including bank credit card debts, medical and legal bills, student loans, back utility bills and department store charges.
Use our free legal evaluator to see if you should contact Legal Helpers