Helping You Create a Fresh Start
Most unsecured debts, like credit card balances and medical bills, can be discharged. However, debts like child support, student loans, and recent taxes are generally non-dischargeable.
Chapter 7 eliminates most debts but may involve asset liquidation, while Chapter 13 reorganizes debts into a repayment plan without asset liquidation.
A Chapter 7 bankruptcy remains on your credit report for 10 years, while Chapter 13 stays for 7 years.
Yes, but certain time restrictions apply between filings. For example, you must wait eight years between Chapter 7 filings.
A consultation with our experienced attorneys can help you understand your options and determine if bankruptcy is the best choice for your situation.
At Johnson/Turner Legal, we believe everyone deserves the chance to rebuild their financial future. Bankruptcy can provide relief from overwhelming debt, offering a clear path toward financial freedom. Whether you’re struggling with mounting bills or facing foreclosure, our experienced bankruptcy attorneys are here to help you navigate this complex process with compassion and expertise.
We provide transparent, flat-fee pricing, so you’ll know exactly what to expect every step of the way. Let us guide you to a brighter financial future.
What Is Bankruptcy?
Bankruptcy is a legal process designed to help individuals or businesses eliminate or reorganize debt. Filing for bankruptcy provides protections like the automatic stay, which stops creditor harassment, wage garnishments, and foreclosure proceedings immediately.
Why File for Bankruptcy?
Bankruptcy isn’t just about debt relief—it’s about reclaiming control of your financial life.
Chapter 7 Bankruptcy
Also known as “liquidation bankruptcy,” Chapter 7 allows you to eliminate most unsecured debts, such as credit card bills and medical expenses. While some assets may need to be liquidated, essential property like your home or car is often protected under Minnesota exemptions.
Chapter 13 Bankruptcy
Chapter 13, or “reorganization bankruptcy,” allows individuals with steady income to retain their assets while creating a manageable repayment plan for debts over 3-5 years.
Will I Lose My Assets?
Minnesota law provides exemptions to protect essential assets like your home, car, and retirement accounts.
Can Bankruptcy Stop Foreclosure?
Yes. Filing for bankruptcy triggers an automatic stay, temporarily halting foreclosure proceedings.
What Happens to My Credit?
While bankruptcy impacts your credit initially, it also provides a clean slate for rebuilding your financial profile. Many clients find it easier to restore credit after eliminating unmanageable debts.
Can I Keep My House or Car?
In most cases, yes—particularly under Chapter 13, where assets are fully protected.
1. Credit Counseling: Complete a required course to understand the bankruptcy process.
2. Document Preparation: Gather financial records, including income, debts, and assets.
3. Filing: Submit your bankruptcy petition to the appropriate court.
4. Automatic Stay: Once filed, creditors must stop all collection efforts.
5. Trustee Appointment: A bankruptcy trustee is assigned to oversee your case.
6. Meeting of Creditors: Attend a hearing to confirm the details of your filing.
7. Debt Discharge or Plan Completion: Finalize your case and move forward debt-free.
At Johnson/Turner Legal, we offer a Fresh Start Bankruptcy Package designed to make bankruptcy straightforward and stress-free.
Here’s what sets us apart:
If you’re feeling overwhelmed by debt, Johnson/Turner Legal is here to help. Contact us today to schedule a consultation and learn how bankruptcy can provide the fresh start you deserve.
Call us at (320) 299-4249 or contact us online to get started!
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