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Chapter 7 and Chapter 13 Bankruptcy Lawyer in Carver County, Minnesota

Debt Solutions for Clients Throughout the Southwest Twin Cities Region

Do you want to find a way to prevent home foreclosure and get relief from overwhelming consumer debt? Bankruptcy may be right for you. Before you make any decisions, however, it is important to understand your options and the implications of what you can do to solve your financial problems. At the Chaska office of Sugar Creek Legal Services, Attorney Richard Haefele will help you understand if bankruptcy is right for you. Attorney Richard Haefele has been helping clients throughout the southwest Twin Cities metro with their bankruptcy concerns for over 30 years.

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Chapter 7 Bankruptcy: Liquidation

Following recent changes in the bankruptcy law, many people are under the mistaken impression that they can no longer file for bankruptcy. While there is an income eligibility requirement for Chapter 7, exceeding the state median income does not mean you are without options in dealing with your debt. 

Generally speaking, if your income is below the state median, you qualify for Chapter 7. If your income exceeds this limit, but you pass a "means test" you may still be eligible to file for Chapter 7 and put an end to most of your debts. If you don't pass the means test, or most of your debt is credit card debt, Chapter 13 bankruptcy may work for you. 

The Chapter 7 bankruptcy process usually takes about six weeks, and I will guide you through all of the necessary steps:

• Gathering all information about your debts and assets
• Filing the bankruptcy petition with bankruptcy court
• Representing you at the first meeting of creditors, where you are questioned about the accuracy of the assets and debts reported

About one month after that meeting, you will receive the order from the court discharging the debt.

Chapter 13 Bankruptcy: "Wage Earner's" Bankruptcy

When my clients do not meet the income and asset eligibility requirements for Chapter 7 bankruptcy, I help them explore debt relief through Chapter 13 bankruptcy. A structured repayment plan, Chapter 13 provides individuals a way to pay back debt, at a rate they can afford, over a period of three to five years.  Chapter 13 bankruptcy is a good option for people who have assets but face situations such as:

• Home foreclosure
• A lot of consumer debt, but you can't borrow equity from the house anymore
• Credit card and house payments are behind

Contact Us

If you want to put an end to creditor harassment, stop foreclosure and get the debt relief you need, bankruptcy under Chapter 7 or Chapter 13 may be right for you. Located near the Carver County Courthouse, my Chaska law office is open from 8 a.m. to 4:30 p.m., from Monday through Thursday, and 8 a.m. to 12 p.m. on Fridays. I also offer evening and weekend consultations by appointment. Contact us today to schedule a free 30 minute initial consultation to discuss your bankruptcy concerns with an experienced attorney.

Sugar Creek Legal Services
Richard J. Haefele, Attorney at Law
1059 Stoughton Avenue
Chaska, MN 55318
Phone: (952) 448-2200
Fax: (952) 448-7187
E-Mail
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Sugar Creek Legal Services is a debt relief agency within the meaning of the U.S. Bankruptcy Code.  

At the Chaska, MN law offices of Sugar Creek Legal Services, Attorney Richard J. Haefele represents clients throughout the Southwest Twin Cities Metro area, including Chanhassen, Shakopee, Eden Prairie, Waconia, New Prague, Glencoe, Prior Lake, Minneapolis, Carver County, Scott County, and Southwest Hennepin County, Minnesota.