Chapter 7 Bankruptcy Lawyer in New Brighton, MN

Chapter 7 Bankruptcy Overview

Chapter 7 Bankruptcy

People struggling with debt often want to face their problem head on, but fear the unknown of bankruptcy and other debt relief options. It helps to have someone who will sit down with you to clearly explain the options available to you, and lead you down a path that best serves your interests.

At Prescott & Pearson, P.A., we have focused on helping Minnesota families in the Twin Cities area find debt relief since 1975. One common debt relief solution is Chapter 7 bankruptcy, but it isn’t right for everyone. Here is how a Chapter 7 bankruptcy may affect you:

• It will end all creditor harassment. The day you file a Chapter 7 bankruptcy, all collection actions against you will immediately end.
• It may allow you to keep certain assets. If you can catch up and remain current on mortgage payments, for instance, you may be able to avoid foreclosure in a Chapter 7.
• At the same time, it may cause the loss of certain assets. Homes, cabins, cars and other important assets may be sold to by the trustee in order to pay your creditors. It all depends on your financial situation.

When a Chapter 7 bankruptcy is not your best option, we offer a range of other debt relief options, including Chapter 13 bankruptcy. To learn more about bankruptcy and what our experienced attorneys can do to help, call us at 651-968-8096 or toll-free at 888-366-0827. We offer a free case evaluation at our New Brighton office.

Other Frequent Case Types

• Chapter 13 Bankruptcy in New Brighton, MN
• Home Foreclosure in New Brighton, MN

Areas of Practice

• Bankruptcy