Minneapolis Metro Area Chapter 7 Bankruptcy Attorneys
The bankruptcy lawyers at Bassford, Hanvik & Pyles, P.A., handle Chapter 7 Bankruptcy. Despite recent bankruptcy code changes, most individuals are still eligible to file for Chapter 7. Most individuals who file for Chapter 7 can keep all of their property and possessions.
The bankruptcy attorneys at law firm of Bassford, Hanvik & Pyles, PA, will work with you to ensure that bankruptcy filing is as stress-free as possible. Contact Minnesota attorneys for your free initial consultation. Our experienced and attentive attorneys can help you determine how to resolve your financial situation.
What Debts Can Be Discharged In Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy is a proceeding under federal law that deals with asset liquidation. Filing for Chapter 7 will eliminate most of your unsecured debt, such as credit cards, medical bills, garnishments, judgments, unsecured loans, and repossession balances. These are called dischargeable debts.
There are some debts that a Chapter 7 Bankruptcy does not discharge, such as:
- Certain tax debts
- Student loan debts
- Alimony and child support
If you have a secured debt, like a home mortgage or a vehicle loan, you will need to continue making payments in order to keep your property.
What Is Required to File For Chapter 7 Bankruptcy?
Meet the income requirement: If your annual household income is at or below the median income in Minnesota for a household of your size, you are automatically eligible for a Chapter 7. Even if your household income exceeds the median income, you are still allowed to file a Chapter 7 if you pass the “means test.” We can advise you on the median income that applies to your case. If your income is too high to file for Chapter 7 relief, we can help you seek relief under Chapter 13 Bankruptcy.
Completion of credit counseling: Credit counseling at an approved credit counseling agency must be completed within the 180-day period prior to filing. We will give you a list of places you can go to complete your required credit counseling.
Attendance at the hearing: Approximately 30 days after we file your case, you will need to attend a hearing called the Meeting of Creditors. We will represent you at that hearing. In most cases, your debts will be discharged approximately 60 days after the hearing. A discharge is a court order releasing you from your debts and ordering creditors not to attempt to collect them from you.
For additional information about the paperwork requirements for filing bankruptcy, click here
Competent, Stress-Free Bankruptcy Assistance
Our attorneys will help you understand Chapter 7 Bankruptcy. We will assist in the filings and represent you throughout the bankruptcy process. Contact the bankruptcy attorneys at Bassford, Hanvik & Pyles, P.A., for your free initial consultation.
Bassford, Hanvik & Pyles, P.A.
4725 Excelsior Boulevard,
Suite 402,
St. Louis Park, MN 55416
Phone: 952-285-1811
Fax: 952-285-2881
Map and Directions
Bassford, Hanvik & Pyles, P.A. serves clients throughout the Twin Cities Metro Area, including in Minneapolis, St. Paul, Bloomington, Eden Prairie, Edina, Golden Valley, Hopkins, Minnetonka, Plymouth and St Louis Park; and in Hennepin County and Ramsey County, Minnesota.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
