Ed Shaw Law - Brainerd Attorney
Call 800-507-0352 To Schedule A Consultation
Call
To Schedule A Consultation
Offices in St. Cloud and Brainerd, serving all surrounding areas
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.

Credit card debt continues to plague America

| Jun 26, 2019 | Bankruptcy

Debt is a topic of considerable discussion among many Minnesota residents. Nationally, especially as the presidential cycle is again rolling around, it’s debated in terms of the type of programs the government should and should not fund. On the personal level, most individuals understand living debt free is a desirable goal yet also realize that is impossible but for a select few. The salient issue then becomes delineating between good debt and bad debt and working diligently to avoid the latter.

Personal finance experts point out that mortgage debt and debt incurred to finance higher education are typically categorized as good, or acceptable debt and credit card debt as bad. A car loan could go either way; while a car in the majority of instances may be deemed necessary, a high ticket make or model may be viewed differently. A significant problem that affects many is the student loan crisis. Although considered acceptable and necessary to propel one to future success, the staggering costs of a college education place most new graduates in a precarious financial position.

As a result, many people literally live paycheck to paycheck and are one unexpected expense away from a problem. Even millennials, who are generally regarded as more financially savvy than previous generations about debt are not immune. In fact, as a general trend, people are acquiring more and more unsecured debt as they grow older. Further exacerbating the problem is the decreasing purchase power of the U.S. dollar and the common acceptance of credit card debt as a normal way of life in the 21st century.

Anyone can find themselves upside down financially without any fault of their own. Under such circumstances, a consultation with an experienced bankruptcy lawyer might be helpful in understanding one’s rights and responsibilities.