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Lynn Wartchow
Aug 21, 20182 min read
When Chapter 13 is a Better Option than Chapter 7
Chapter 13 may not be your first choice for a bankruptcy, and many people wrongly assume that the monthly chapter 13 plan payments is...
Lynn Wartchow
Apr 13, 20162 min read
The 2017 Chapter 13 Debt Limits (valid through 2019)
For the 2019 debt limits effective April 1, 219, see here: The 2019 Chapter 13 Debt Limits effective April 1, 2019 Effective April 1,...
Lynn Wartchow
Sep 29, 20153 min read
Minnesota Debtors can Compel a Bank to either Foreclose or Accept Deed to a Zombie Property
On September 1, 2015, the honorable Judge Michael Ridgway of the US Bankruptcy Court for the District of Minnesota joined several other...
Lynn Wartchow
May 19, 20153 min read
Debt Consolidation vs. Debt Settlement vs. Bankruptcy? What Can You Expect from Each Option
When facing mounting debts that cannot be repaid according to the regular monthly terms, one should consider all options for debt...
Lynn Wartchow
Sep 18, 20142 min read
2015 Chapter 13 Debt Limits for Bankruptcies filed through April 2016
Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The chapter 13 debt limits for all...
Lynn Wartchow
Jul 17, 20143 min read
More on Divorce and Bankruptcy...
More on Divorce and Bankruptcy: How do Child Support, Spousal Support (Alimony / Maintenance) and Property Settlements Impact either...
Lynn Wartchow
Jul 10, 20144 min read
What are the Options for a Home Mortgage in Bankruptcy...
What are the Options for a Home Mortgage in Bankruptcy: Can I Strip a Second Mortgage in Bankruptcy or Chapter 13? The answer is that it...
Lynn Wartchow
Jun 30, 20141 min read
What are the Federal Bankruptcy Exemptions in Minnesota and Which Assets are Protected?
When filing either chapter 7 or chapter 13 bankruptcy, each individual debtor is allowed to exempt a limited amount of equity in real...
Lynn Wartchow
May 20, 20142 min read
Converting from Chapter 13 to Chapter 7: What’s Involved and Why Would You Convert?
Life inevitably changes and things happen that may cause a chapter 13 debtor to no longer need or afford their original chapter 13 plan....
Lynn Wartchow
Feb 28, 20142 min read
File Bankruptcy to Protect Your Wages and Other Earnings from Garnishment
From the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...
Lynn Wartchow
Jan 22, 20144 min read
How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners...
How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners who are in Default on their Mortgage or in...
Lynn Wartchow
Nov 26, 20132 min read
Chapter 13 Debt Limits as of April 1, 2013 (also applies to 2014 bankruptcy filings)
Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The Bankruptcy Code section 109(e)...
Lynn Wartchow
Jun 26, 20132 min read
What the Supreme Court Decision Overturning DOMA in United States v. Windsor Means for Bankruptcy La
In a 5-to-4 decision in United States v. Windsor, the U.S. Supreme Court ruled today that married same-sex couples are now entitled to...
Lynn Wartchow
Jun 25, 20132 min read
Converting from Chapter 7 to Chapter 13: What’s Involved and Why Would You Convert?
Conversion to Chapter 13 from Chapter 7 isn’t a death sentence for your bankruptcy case (see Chapter 13: Not Always a Gloomy Diagnosis in...
Lynn Wartchow
Feb 15, 20133 min read
What Happens after the 341 Meeting of Creditors is Over?
The answer to this depends on whether you have filed Chapter 7 or Chapter 13 bankruptcy. (Chapter 11 individual debtors also are required...
Lynn Wartchow
Jan 2, 20132 min read
How Are Non-Dischargeable Debts Treated in a Chapter 13 Bankruptcy?
Non-dischargeable debts are those few categories of personal liabilities which can never be discharged in either form of Chapter 7 or...
Lynn Wartchow
Dec 12, 20122 min read
Will My Assets Be Protected in Bankruptcy? What Are the Bankruptcy Exemptions?
Most people who file for bankruptcy are able to protect most if not all of their assets, including cash bank accounts, household goods...
Lynn Wartchow
Nov 30, 20123 min read
Homeowners Associations and Bankruptcy: How Does Bankruptcy Affect My Condo or Townhome and My Assoc
The prevalence of condo and townhome development in the mid-2000s throughout Minneapolis and the suburbs was hit especially hard by the...
Lynn Wartchow
Oct 31, 20122 min read
Bankruptcy and Divorce: Some Payments in a Divorce Decree May be Dischargeable in Chapter 13
The rule of thumb is that bankruptcy will discharge most unsecured debts that are not taxes or domestic support obligations (which are...
Lynn Wartchow
Sep 19, 20122 min read
What is the Median Income in Minnesota and How Does is Factor into Chapter 7 Bankruptcy?
Qualification for Chapter 7 bankruptcy is largely determined by comparing one’s household income to the median income for their state....
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