How do I file Chapter 13 bankruptcy in St. Paul MN?

Today’s volatile economic climate is draining the financial resources of many. With hours being cut and j jobs being lost many do not know what to do and are turning to bankruptcy. But how do you know what kind to file. For Chapter 13 bankruptcy in St. Paul MN , people are turning to law firms for help.

Not everyone can file a Chapter 13 claim. To file you must have a stable income and be able to commit yourself to a five year repayment plan. Unsecured debts must not exceed $336,900 and secured debt $1,010,650. You must also be able to prove you have enough income to live on, on a cash basis for least 3 to 5 years and also pay a trustee.

A Chapter 13 bankruptcy lawyer is essential when filing. Filing your claim as soon as possible is essential. Once a claim is filed all creditors are no longer allowed to contact you to collect a debt. This act alone helps to relieve the stress associated with bankruptcy. A consultation with a lawyer really is necessary to determine the type of bankruptcy you will need to file. For Chapter 13 bankruptcy in St. Paul MN, there are many law firms such as the Lamey Law firm available to assist in helping file.

Many people have questions such as , can I keep my stuff, does my spouse have to also file or how do I get ready to file. All these questions and more can be answered by securing legal counsel. While council may not be able to give you absolute and definite answers, they can tell you what you can expect to happen and guide you every step of the way.

It is a good idea to do your research prior to choosing a Bankruptcy lawyer. Search websites, find out how many cases the lawyers have actually won, what their previous clients have to say. Checking out a lawyer’s track record is a smart move, we all want to be on the winning side and have the good guys in our court, don’t we?

  

 

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