Ed Shaw Law - Brainerd Attorney
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Coronavirus Impact and Assurance: Yes! We are still open for business!

As you are all aware, we are currently facing unique challenges due to the Coronavirus. While this is a serious crisis, it is important to keep it in perspective, and not allow it to prevent us from going about our business. We want to assure all of our clients that this office is prepared to serve your needs, regardless of what happens and how the virus affects Minnesota. In an effort to keep the office safe, we have stepped up prevention and sanitation measures in hopes to prevent disease transmission.

Because we are a paperless office, our entire staff is prepared to work from home if necessary. No matter what happens, we will continue to provide our clients with the highest quality legal services.  So far, not one client or staff member has become infected based on contact at this office and we will continue with safety protocols in an attempt to keep it that way. My office will continue to put the safety of our staff and you as our top priority. We do greatly appreciate your cooperation in conducting business in a safe fashion by utilizing current technology. Regardless of what happens, we will continue to take care of all of your legal needs.

Please rest assured, we will continue to take care of your legal needs in this challenging time, and your safety is our highest priority.

Please see our blog for more info on pandemic response.

The rules for filing for Chapter 13 bankruptcy

| Mar 21, 2019 | Bankruptcy

To be eligible to file for Chapter 13 bankruptcy, a Minnesota consumer must have less than $1,184,200 in secured debt and less than $394,725 in unsecured debt. A debtor must also establish that he or she has filed his or her state and federal tax returns for the past four years. Failure to do so could result in a person having a case delayed or dismissed. However, there is no income limit for those who are looking to file for Chapter 13 protection.

In a Chapter 13 bankruptcy, debts are repaid over a period of three or five years. The length of the period is determined by the debtor’s ability to pay, and this is based on how much disposable income that individual has and how his or her income level compares to the state median.

Payments are made based on a plan that a debtor creates that is approved by creditors and the court. Many remaining balances are discharged at the end of the repayment period. Individuals who are seeking a reorganization bankruptcy must take an approved credit counseling course as part of the bankruptcy process. While a case is ongoing, it may be possible to keep assets and even take on additional debt if the trustee and bankruptcy judge approve.

Individuals who have no other way to pay off their debts in a timely manner may benefit by filing for bankruptcy. Although there may be credit consequences to doing so, it may also allow a person to eliminate credit card, medical and other debt balances in full. During a bankruptcy case, creditors are generally unable to contact debtors directly. An attorney may describe other benefits of filing for Chapter 13 bankruptcy or how to do so properly.