Let Us Erase Your Debt & Help File for Bankruptcy

Taking the shame out of getting back on your feet.

Being debt-free is possible, and many think you need to give an arm and a leg to do so. That’s simply not the case. Bankruptcy shouldn’t rid you of dignity or cut you down to the point you can’t build back your finances. Our Twin Cities bankruptcy firm believes filing is just the beginning of your journey to generate future wealth.

Eraser Law Helps You

  • End collection calls
  • Complete & file all your paperwork
  • Remove judgements made against you by creditors
  • Get your money back from debt collectors
  • Eliminate debt without giving up your house or car

What We Bring to the Table

  • $0 down to help you file
  • 15+ years of experience
  • A client-focused approach that puts your interests first
  • Thorough knowledge of State and Federal bankruptcy code—an area of law few understand
  • A strategic mindset & calm presence during an overwhelming time

Different Types of Bankruptcy to Consider

Whatever it takes to give you a clean slate.

Whether you’re filing a personal bankruptcy or one for your small business, or for another reason, we’ll direct you toward the type that’s right for you.

  • Chapter 7 – The most common form of personal bankruptcy, Chapter 7 allows you to wipe away debt by liquidating non-exempt assets. With lenient exemption laws, Minnesotans could get out of debt and retain money moving forward.
  • Chapter 13 – This bankruptcy option helps you set up a plan to pay down debt without liquidating your assets.
  • Chapter 11 – Beneficial to small businesses, Chapter 11 bankruptcy allows debtors to reorganize and re-evaluate their debt while remaining in control of their business.

Other Bankruptcy Cases We Handle

We also offer additional services for the following:

  • Foreclosure Defense – If you’re behind on mortgage payments, you risk losing your home. We’ll provide relief and help you avoid the worst.
  • Student Loan Debt – After years of school, debt collectors will harass you to make loan payments. We’ll explore options to help you pay down student debt.

How Does Bankruptcy Work?

You’ll be shocked how simple we make it.

Bankruptcy is the process of eliminating all the negative debt against you so you can move forward. The process is slightly different for each type of bankruptcy. You and your attorney will put together a snapshot of your life and present it to the court, including your finances, bills, debts, and assets. We’ll just need some information from you to begin working to erase your debt.

How Bankruptcy Benefits You

Bankruptcy is for individuals in excessive debt who struggle to financially keep their heads above water. Sometimes, the only way to eliminate debt and secure your future is to file for bankruptcy.

Sitting down and discussing your options with a bankruptcy lawyer serving Minneapolis is the best way to determine if bankruptcy is right for you. There are several benefits to bankruptcy, including:

  • Getting creditors to stop calling
  • Preventing wage garnishments
  • Erasing most unsecured debts like credit card debt
  • Setting up a plan to pay down debt
  • Helping you to rebuild your finances by investing rather than keeping creditors at bay

Bankruptcy FAQs

Know exactly what to expect

How Will Bankruptcy Impact My Credit?

The answer to this question depends on your current credit score. Those with good credit may take a slight hit but will likely recover. Those with low scores before filing will see increases over the next year. A Chapter 7 bankruptcy remains on your credit report for ten years and a Chapter 13 will stay for seven.

Can I Keep My House/Car?

Minnesota has some of the most lenient exemption laws in the country. In most bankruptcy filings, you will likely keep vital assets like your house and car. Only high-dollar assets aren’t protected, and most Minnesota bankruptcy filings are non-asset cases—meaning filers don’t lose anything.

Can I Get My Money Back from Garnished Wages?

Creditors can take up to 25% of your earnings. They cannot take social security, unemployment, or other protected money. However, most people don’t know that, so if creditors take it, they won’t return it unless challenged. Another way to get your money back is through bankruptcy.

Call us to get your money back before it’s too late. 

Can I Discharge Back Taxes?

It’s possible to discharge back taxes in a Chapter 7 filing if they are at least three years old. You can also file a Chapter 13 to reorganize your back taxes and pay them back slowly over several years.

Can I Protect My Retirement?

Yes. Minnesota allows for over $1 million to be protected for an IRA account, your 401(k), and 403(b). Most pensions are also protected as well as Social Security and other retirement benefits.

How Much Can I Make & Still File for Bankruptcy?

There is no income limit for Chapter 13 bankruptcy; however, Chapter 7 requires you to be below the median household income of a household of the same size. For example, if you are the only person in your household and make above $61,811, you may have to file for Chapter 13. The more people in your household when you file, the higher the income requirements are.

 

Do I Have to Go to Court?

It would be extremely rare for you to have to go to court. However, you and your attorney will attend a brief meeting with a trustee to answer a few questions about 30 days after filing your paperwork with the court.

After the meeting, clients consistently say, “That was it?” and immediately breathe a sigh of relief.

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I never hesitate...

… to refer colleagues and friends to Chad’s services, as he offers a robust depth of knowledge and natural “bedside manner” — a combination rarely seen among attorneys.

Alex Thiele ★ ★ ★ ★ ★