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.

Understanding Bankruptcy

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?

• • Escape overwhelming debt and start fresh.
  • Protect essential assets, like your home and vehicle.
  • Create manageable repayment plans tailored to your income.
  • Halt creditor actions and regain peace of mind.

Bankruptcy isn’t just about debt relief—it’s about reclaiming control of your financial life. 

Types of Bankruptcy

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.

• • Eligibility: Must pass a means test showing income below the state median.
  • Process: Includes filing required documents, attending a creditors’ meeting, and receiving a discharge of qualifying debts.

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.

• • Eligibility: Must have sufficient income to meet repayment obligations.
  • Benefits: Protects your property and allows you to catch up on mortgage or car payments.

Common Concerns About Bankruptcy

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.