Inver Grove Heights Bankruptcy Attorney for Business and Personal Debt Relief
Are you struggling under the weight of overwhelming debt? We can help. Welcome to the law offices of Ron Lunquist, Attorney at Law, a Minnesota state debt relief agency.
We specialize in providing legal counsel for Inver Grove Heights residents who need to file for Chapter 7, Chapter 13, and business bankruptcy. Whether you’re currently living with a difficult personal financial situation or your business has been struggling financially, we can help you find solutions for getting out of debt.
Since 1999, we’ve served thousands of Minnesotans just like you. When you let us guide you through the bankruptcy process, we’ll ensure you understand all of your filing options, your financial risk, and how to repair your credit after you file. We understand filing for bankruptcy can be stressful; our goal is to help you shoulder that burden.
Ready to learn more about your personal or business bankruptcy options? Contact our office today to set up a free consultation.
Inver Grove Heights, MN Chapter 7 Bankruptcy Attorney
If your debts have grown to the point that you cannot pay them back while continuing to pay for your normal living expenses, filing for Chapter 7 bankruptcy may be in your best interest.
Chapter 7 bankruptcy will wipe out all of your dischargeable debt and give you an opportunity to wipe your financial slate clean and start fresh. To find out if you’re eligible to file for Chapter 7, we’ll analyze your monthly income, assets, expenses, and existing debts to determine if you pass the Chapter 7 means test.
If you don’t pass for any reason, you still have debt relief options. Chapter 13 bankruptcy is another personal bankruptcy option that can help you get the debt relief you need.
Chapter 13 Bankruptcy Attorney Inver Grove Heights, MN
Also referred to as a wage earner’s plan, Chapter 13 bankruptcy allows you to pay back some or all of your dischargeable debt according to your personal budget. You’ll agree to a three- to five-year debt repayment plan, during which you’ll make regular monthly payments to your creditors to repay what you owe.
If your budget dictates you can only afford to repay a portion of your debt, that’s exactly what you’ll pay. When your payment plan reaches its term, any remaining dischargeable debts will be eliminated, allowing you to start fresh.
Inver Grove Heights, MN Business Bankruptcy Attorney
Whether you’re a sole proprietor, a partnership, or a large organization, filing for business bankruptcy may be in your best interest if your business is struggling financially.
But not every business is eligible to file for Chapter 11 bankruptcy, also known as reorganization bankruptcy. Since Chapter 11 is designed to help large organizations repay or reorganize their debts, small businesses typically file for Chapter 7 or Chapter 13 bankruptcy, depending on their needs and situation.
Whether you’re looking to file for Chapter 11 bankruptcy in Inver Grove Heights, MN or you’re a small business owner in need of alternative debt relief options, we can help.
Schedule a Free Consultation With an Inver Grove Heights Bankruptcy Attorney
To learn more about your bankruptcy options, reach out to the law offices of Ron Lundquist. For over 20 years, we’ve proudly assisted Inver Grove Heights residents and businesses with their bankruptcy cases, and we’d be honored to help you, too. To learn more or set up a brief consultation, 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.