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From the category archives: Ron Lundquist Bankruptcy Blog

Chapter 13 Bankruptcy

3 Foreclosure Myths You Should Ignore

If you currently face the personal and financial challenges of keeping your home, you may be looking at a foreclosure. Ron Lundquist, Attorney at Law, can help you find relief during tough economic times. Like bankruptcy, myths swirl around foreclosure making it difficult for you to separate fact from fiction. I can help you get accurate information so that you make wise decisions during the foreclosure process. My legal team has put together these five common foreclosure myths that you need to avoid. If you have any further questions, feel free to call our Eagan, MN office.

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Yes! You Can Recover From a Bankruptcy: Here’s How.

If you’ve recently filed for bankruptcy, you may feel thoroughly drained and hopeless. The good news is that there’s light at the end of the tunnel. There’s nothing permanent about a Chapter 7 or Chapter 13 bankruptcy. And while you may feel downtrodden at the moment, it won’t take long for you to get back on your feet. Below are some of the tips on how you can overcome a bankruptcy. If you need further advice, please contact my office. Together, we can get you on the road to recovery.

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5 Questions to Ask a Bankruptcy Attorney

Before you begin the process of filing bankruptcy, you’ll need to hire a skilled bankruptcy attorney to go over all the paperwork. Only an attorney can make sure you are protected through this challenging processing. Below are some questions that will come up during our first meeting. I recommend that you write down a list of other questions you may have during our session as well. I am here to answer your questions and help you in any way I can.

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Bankruptcy and Divorce: What You Need to Know

It’s difficult for anyone to go through divorce and bankruptcy at the same time. If you are trying to juggle both at the same time, you’ll need an experienced attorney at law to get you through the proceedings. At The Minnesota Bankruptcy Center, I provide sound legal counsel for clients who plan to file a Chapter 7 or Chapter 13 Bankruptcy. I can lighten your load and help you navigate through the bankruptcy so that it goes smoothly. Before you commit to a bankruptcy, there are some things you should consider:

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4 Things You Should Not Do During a Bankruptcy

A big mistake you should never do without proper legal advice before filing bankruptcy is transferring money or property out of your name. Sometimes such steps are advisable but they have to be correctly planned in advance. Such transfers are usually completely unnecessary anyway, since it very rare that clients lose property in a bankruptcy. The exemptions that exist to protect property in bankruptcy are generous.

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Bankruptcy Misconceptions

One of the most misunderstood concepts in personal or business finance is bankruptcies. Unfortunately, many people will make costly mistakes, because they did not learn the facts about bankruptcies. Below are some of the most common misconceptions and how to avoid them.

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How Bankruptcy Really Affects Your Credit

For many people, credit is a very personal thing, and the idea of filing for bankruptcy can be quite intimidating. Often, for those considering it, they wonder how bankruptcy affects their credit. Well, with over 20 years experience as a bankruptcy attorney, I can confidently say that it doesn’t have to be an intimidating process, especially with help. While it’s true, bankruptcy does affect your credit score; it doesn’t leave the long term black mark that you might expect. Let’s take a look at how it does affect your credit.

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Life After Bankruptcy Discharge

If you find yourself in financial trouble, struggling to make ends meet and choosing between bills to pay, you may consider bankruptcy to help alleviate the weight of your financial burdens. As you consider the process, like many others you may also find yourself wondering what life after Chapter 7 or 13 bankruptcy discharge is like.

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Debt, Your Business, and Bankruptcy

Naturally, being a business owner involves a lot of risks, and at times the result is a payoff, but not all the time. When things don’t go so well for a business, the owner is the one responsible for the fallout. The owner may have some debts related to the business, and when the income begins to dwindle, they cannot keep up with the debt payments. If this sounds familiar to you, it may be the moment to turn to bankruptcy.

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Should I Consider Filing Bankruptcy?

If you find yourself thinking of filing bankruptcy, you may have a lot of apprehension and questions. Bankruptcy is a great tool available to help people hit the reset button on their finances. While the law can be tough to navigate, a bankruptcy attorney such as myself can lend a helping hand, making the process smooth and stress-free. After over 20 years of experience as a bankruptcy attorney, I can assure you it can greatly benefit you if you’re struggling with burdensome debts.

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