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Lynn Wartchow
Apr 17, 20163 min read
Qualifying for a Mortgage After (or During) Bankruptcy: What does it take and how long will I wait?
It should come as no surprise that qualifying for a new mortgage or refinance with a bankruptcy in your credit history is likely to...
Lynn Wartchow
Mar 16, 20162 min read
2016 Minnesota Median Income effective for bankruptcy cases commenced on April 1, 2016 or later (est
Median income is a critical measure in bankruptcy upon which the ‘Means Test’ calculation is largely based to determine whether a debtor...
Lynn Wartchow
Oct 9, 20152 min read
2015 Minnesota Median Income effective for bankruptcy cases commenced on/after November 1, 2015 and
Median income is a critical measure in bankruptcy upon which the ‘Means Test’ calculation is largely based to determine whether a debtor...
Lynn Wartchow
Oct 19, 20142 min read
2014 Minnesota Median Income (effective for bankruptcy cases commenced on/after November 1, 2014...
2014 Minnesota Median Income (effective for bankruptcy cases commenced on/after November 1, 2014 and through April 2015) For the...
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
Mar 27, 20142 min read
2014 Median Income in Minnesota (effective April 1, 2014)
Median income is a critical measure in bankruptcy upon which the ‘Means Test’ calculation is largely based to determine whether a debtor...
Lynn Wartchow
Jan 9, 20143 min read
Typical Questions Asked at the Chapter 7 Meeting of Creditors
The Meeting of Creditors is typically the only mandatory appearance most debtors will have to make in their bankruptcy proceeding. While...
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 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
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....
Lynn Wartchow
Aug 15, 20122 min read
What are the Debt Limits for Chapter 13 Bankruptcy?
Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. As of the date of this post, the...
Lynn Wartchow
Aug 6, 20123 min read
What Should I Expect at the 341 Bankruptcy Meeting of Creditors?
If you have done basic research into the bankruptcy process, you will know that about one month after filing a bankruptcy petition and...
Lynn Wartchow
Jul 10, 20122 min read
What is the “Means Test” and Why Does it Matter in Bankruptcy?
The “Means Test” was one of the major and most controversial additions to consumer bankruptcy law that occurred as part of the 2005...
Lynn Wartchow
Jun 21, 20122 min read
What is the “Credit Counseling” Requirement to File Bankruptcy?
A credit counseling course must be completed before an individual can file bankruptcy. This course basically goes through your budget and...
Lynn Wartchow
Apr 16, 20122 min read
The Role of the “Trustee” in Chapter 11
Unlike under other Chapters of the Bankruptcy Code, Chapter 11 is unique in that there is no initial appointment of a trustee. In...
Lynn Wartchow
Apr 6, 20122 min read
Defined: The Bankruptcy “Trustee” and the “United States Trustee”
The terms “trustee” and “United States Trustee” sound similar and often encompass similar objectives, however the role of the trustee in...
Lynn Wartchow
Dec 21, 20112 min read
What to Bring to the Initial Bankruptcy Consultation
Your first consultation with a bankruptcy attorney will cover a lot of ground, and the goal is for you leave with all the information...
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