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From the category archives: Ron Lundquist Bankruptcy Blog

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Five Common Questions about Bankruptcy in Minnesota Answered

It can be easy to approach bankruptcy with many misconceptions and a lot of uncertainty, but a little knowledge can help put you at ease. Here are five of the most common questions clients have when we begin discussing bankruptcy.

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Your Options in Business Bankruptcy

Beginning a company is a huge undertaking, from the initial planning stages to the moment you make your first dollar or hire your first employee. Many startup business owners, especially those of smaller businesses, must take out a personal loan to finance the project. With or without a personal loan, it’s not unusual to entangle your personal finances in the business you care so much about. So when that business begins to go downhill or unexpectedly hits a roadblock, it can amount to extreme stress on both a professional and personal level.

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Why Hiding Assets could Cost You in Bankruptcy and Beyond

The basic tenet of bankruptcy law is that bankruptcy is a process designed to give an honest debtor who has made bad financial decisions, or who has been the victim of bad financial misfortunes, an opportunity to responsibly erase all or part of their overwhelming debts in order to get a fresh financial start.

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