Common Questions

Information on Filing Bankruptcy in Minnesota

Can I keep my car?

In most cases, yes. What you can and cannot keep after bankruptcy is determined by exemptions that are laid out by both Minnesota and Federal law. We can explain your options during your free initial consultation.

Can I keep my house?

Similar to a car, the value in your primary residence is an exemption. With very rare exceptions, you will be able to keep your home after bankruptcy.

Can Bankruptcy stop a Foreclosure Action?

As soon as you file for bankruptcy, the "automatic stay" is put in action. That means that no collection activities, including home foreclosure, will continue until after the bankruptcy is finalized and discharged. So while filing bankruptcy will not in and of itself save your home, it can give you valuable time to examine options with your mortgage company.

Can Bankruptcy Stop a Levy or wage garnishment?

The automatic stay, which is put in place as soon as you file for bankruptcy, will stop all collection activities. That means that any wage garnishments, levies against your bank account or other assets and collection calls will stop.

Can I keep my car?

In most cases, yes. What you can and cannot keep after bankruptcy is determined by exemptions that are laid out by both Minnesota and Federal law. We can explain your options during your free initial consultation.

questions about bankruptcy?
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