Bankruptcy

Southern Minnesota Bankruptcy Lawyers

Struggling with debts caused by unexpected medical bills, divorce, or high credit card debt? Are bill collectors calling and the bank threatening to foreclose on your home? Bankruptcy may be the answer. At Plunkett and Associates, Inc. in Austin, Minnesota, we are committed to helping people regain their financial stability by filing for Chapter 7 or Chapter 13 bankruptcy.

Personalized Bankruptcy Services

Bankruptcy is not the right solution for everyone. In many cases, credit counseling can solve financial problems. Our attorneys provide a free half hour bankruptcy consultation to discuss our client’s financial situation and determine if bankruptcy is right for them. If we determine that bankruptcy is appropriate, we carefully explain the bankruptcy process, how to protect exempt property, the consequences of consumer bankruptcy, and whether Chapter 7 or Chapter 13 bankruptcy is appropriate.

• Chapter 7 Bankruptcy – Often referred to as straight bankruptcy or liquidation bankruptcy, Chapter 7 bankruptcy eliminates most unsecured debts. However, not every one qualifies for Chapter 7 bankruptcy. Under laws that went into effect in October 2005, if a debtor’s income is in excess of the state's median income and the debtor can repay twenty-five percent of their debt, they may not be eligible for Chapter 7. Our attorney can help you determine whether you must file for Chapter 13 bankruptcy rather than Chapter 7.
• Chapter 13 Bankruptcy – Sometimes referred to as a wage earner bankruptcy, Chapter 13 bankruptcy allows people to keep all their property and work out a court approved repayment plan. A bankruptcy trustee will typically examine all the debtors' financial records and establish a repayment plan.

Regardless of the type of bankruptcy that is appropriate, once the bankruptcy is filed creditors are prevented from attempting to collect on debts, except through the bankruptcy court. We understand that bankruptcy is a last sep for families that have been struggling to make ends meet for months. We recognize that people are forced into bankruptcy for many reasons and we are not judgmental about this. At Plunkett and Associates, we are committed to providing the southern Minnesota communities we serve with high quality and cost effective bankruptcy services.

Contact our Austin, Minnesota Bankruptcy Lawyers

If you are struggling to meet monthly payments and are falling behind in your bills, please contact the Austin, Minnesota bankruptcy lawyers at Plunkett and Associates. We can be reached toll free by calling 1-800-322-3502 or by filling out the intake form on our Contact Us page.

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.