Congress Extends the Income Exclusion for 1099 ‘Forgiven’ Mortgage Debt to Tax Years 2015 and 2016 For a more detailed discussion on tax...

A new financial catastrophe is facing Americans, and it’s quickly becoming America’s latest and greatest “debt bomb”. According to the...

For more detailed discussion on chapter 11 procedure, common issues and more, be sure to read Wartchow Law’s Chapter 11 Blog. November...

2014 Minnesota Median Income (effective for bankruptcy cases commenced on/after November 1, 2014 and through April 2015) For the...

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...

My Bank Account was Levied—What Now? How to Stop Bank Levies and Have Levied Funds Returned to You by Filing for Bankruptcy Protection....

How SBA Loans Differ from other Forms of Credit when it comes to Collection, Personal Guarantees and Discharging SBA Loans in Bankruptcy...

More on Divorce and Bankruptcy: How do Child Support, Spousal Support (Alimony / Maintenance) and Property Settlements Impact either...

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...

When filing either chapter 7 or chapter 13 bankruptcy, each individual debtor is allowed to exempt a limited amount of equity in real...

Behind on your monthly HOAs, late fees or special assessments owed to your homeowner’s association? Under Minnesota statute, most...

Life inevitably changes and things happen that may cause a chapter 13 debtor to no longer need or afford their original chapter 13 plan....

The top 15 common factors that may indicate a chapter 11 bankruptcy filing can help your business stay operational despite debt and other...

Median income is a critical measure in bankruptcy upon which the ‘Means Test’ calculation is largely based to determine whether a debtor...

From the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...

Problems with commercial leases of real property are one of most common precursors to a Chapter 11 Business Reorganization bankruptcy...

Generally, when a debt is owed and at least $600 of the debt is canceled, forgiven or settled for less than the full amount owed, this...

How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners who are in Default on their Mortgage or in...

The Meeting of Creditors is typically the only mandatory appearance most debtors will have to make in their bankruptcy proceeding. While...

Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The Bankruptcy Code section 109(e)...