Apple Valley’s Trusted Bankruptcy Attorney
Welcome to the Law Offices of Ron Lunquist! We are a full-service bankruptcy law firm and debt relief agency serving Apple Valley, MN and the surrounding Twin Cities metro.
Since 1999, we’ve been helping Minnesota residents file for Chapter 7, Chapter 13, and business bankruptcy. When you need a fresh financial start, we’re here to help you, too.
Ready to learn more about filing for bankruptcy? Contact our office today to schedule a free consultation to discuss your bankruptcy options.
Why Choose Ron Lunquist?
At the Law Offices of Ron Lunquist, we provide highly personalized, compassionate bankruptcy representation for residents throughout Apple Valley and the surrounding areas. We understand bankruptcy can be incredibly stressful, and we’re here to walk you through the process every step of the way.
We’ll help you thoroughly understand your bankruptcy options, how your case will progress, and how to rebuild your credit after you file. We know filing for bankruptcy is likely your last resort, and together, we’ll work to find a debt relief path that puts you back in control of finances.
Chapter 7 Bankruptcy Attorney in Apple Valley, MN
If you have considerable debt and lack the income to pay it back, filing for Chapter 7 bankruptcy may be in your best interest. Chapter 7 will wipe out your dischargeable debts completely, but you’ll still be responsible for repaying certain non-dischargeable debts.
Your monthly income, living expenses, assets, and current debts will help determine whether you’re eligible to file for Chapter 7 bankruptcy. To qualify, you’ll need to complete a means test, which weighs your household income against the state median income for a family the same size as yours.
If you don’t qualify for Chapter 7 bankruptcy for any reason, you still have debt relief options. Chapter 13 bankruptcy, another type of personal bankruptcy, may be better suited to your situation.
Chapter 13 Bankruptcy Attorney in Apple Valley, MN
Chapter 13 bankruptcy is also referred to as a wage earner’s plan because it’s designed for people who have adequate income to pay back some or all of their debt. When you file for this type of personal bankruptcy, we’ll create a three- to five-year debt repayment plan based on your budget.
If your budget indicates you can only afford to pay back a small percentage of your unsecured debt, that’s all you’ll be liable for paying. Historically, nearly 100% of my payment plan proposals have been accepted without dispute by both the Chapter 13 trustee and clients’ creditors.
Chapter 11 Bankruptcy Attorney in Apple Valley, MN
Not every struggling business owner will qualify to file for Chapter 11 bankruptcy since this type of debt relief is designed for large-scale operations. Some small business owners — typically sole proprietors or partnerships — have their personal finances intermingled with their business finances. Unfortunately, the lack of distinction can put personal assets or credit at risk.
As a business bankruptcy attorney serving Apple Valley, MN, our office helps business owners protect as many of their assets as possible, regardless of the type of bankruptcy they must file for. We’ll help you understand whether your personal assets will be at risk if you file and what your best options are for protecting yourself.
Get a Free Consultation from an Apple Valley Bankruptcy Attorney
If you’re struggling under the weight of overwhelming debt, filing for personal or business bankruptcy may be in your best interest. Please don’t hesitate to reach out to Ron Lundquist, Attorney at Law to learn more about your debt relief options and get started on the path to a brighter financial future.
Feel free to call our office today at 651-454-0007 or request a free consultation, and we’ll be in touch with you promptly.