Minnesota Bankruptcy Law

Find Relief and a Fresh Start with Our Expert Bankruptcy Attorneys

Financial difficulties can overwhelm you, leaving you uncertain about the future. At PH&B Law Office, we understand the stress and fear that come with the possibility of filing for bankruptcy.

Our dedicated team of bankruptcy attorneys is here to guide you through the process, offering compassionate support and expert legal counsel to help you achieve debt relief and a fresh start.

Why Choose PH&B for Your Bankruptcy Needs

Fresh Start & Debt Relief

With over 50 years of experience in bankruptcy law, our attorneys at PH&B Law Office have a deep understanding of the complexities involved in both Chapter 7 and Chapter 13 bankruptcy filings.

We are committed to providing personalized legal strategies tailored to your unique situation, ensuring the best possible outcome for your case.

Experienced Legal Guidance

Every financial situation is unique. We take the time to understand your specific circumstances and develop a tailored bankruptcy strategy that aligns with your goals.

Bankruptcy sets the foundation for a more stable financial future, helping you reorganize your finances and establish a sustainable path forward.

Expert Legal Counsel

Having an experienced bankruptcy attorney by your side cannot be overstated. The laws surrounding bankruptcy are complex and ever-changing.

Our attorneys stay abreast of the latest legal developments to maximize the assets you can protect, discharge most of your debts, and retain your exempt assets. Let our team use its extensive resources and experience to benefit you.

Understanding Bankruptcy: Chapter 7 vs. Chapter 13

Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay their debts under the protection of the bankruptcy court.

PH&B Law Office concentrates on two types of bankruptcy filings: Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy

The Liquidation Option

Chapter 7 Bankruptcy offers a fresh financial start by discharging most unsecured debts, such as credit card balances and medical bills. It provides a swift resolution, typically within 3 to 6 months, allowing individuals to move forward quickly.

This form of bankruptcy also helps protect essential assets, like a primary residence or vehicle, under certain exemptions, safeguarding basic living needs while eliminating debt.

Chapter 13 Bankruptcy

The Liquidation Option

Chapter 13 Bankruptcy allows individuals to reorganize their debts and create a manageable repayment plan, typically spanning 3 to 5 years. It offers the advantage of keeping valuable assets, such as a home or car, that might otherwise be lost in a Chapter 7 Bankruptcy.

This approach also provides a structured path to debt relief, potentially reducing overall debt amounts and stopping accruing interest on certain debts.

Why Legal Counsel Is Important in Bankruptcy Filings

Navigating the bankruptcy process can be complex and intimidating without the right guidance.

Our attorneys at PH&B Law Office are here to provide the legal counsel you need to make informed decisions about your financial future. Here's why professional legal assistance is crucial:

  • Understanding Your Options: Our attorneys can help you understand the differences between Chapter 7 and Chapter 13 bankruptcy and determine which option is best suited to your circumstances.
  • Maximizing Asset Protection: We work diligently to protect as many of your assets as possible, leveraging exemptions and legal strategies to minimize asset liquidation.
  • Navigating Legal Requirements: The bankruptcy process involves numerous legal requirements and deadlines. Our team ensures that all paperwork is filed accurately and on time, avoiding any potential issues that could arise from errors or omissions.
  • Dealing with Creditors: Once you file for bankruptcy, the automatic stay goes into effect, stopping most creditors from contacting you. Our attorneys handle communications with creditors, providing you with peace of mind and the space to focus on your fresh start.

Frequently Asked Questions about Bankruptcy

Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay their debts under the protection of the federal bankruptcy court. The most common types in Minnesota are Chapter 7 and Chapter 13 bankruptcy, each serving different needs and financial situations.

Ready to Start Your Journey to Financial Freedom?

If you're ready to take control of your financial future, the team at PH&B Law Office is here to guide you through every step.

From your initial consultation to the successful completion of your bankruptcy case and beyond, we're committed to providing the expert legal counsel and support you need to achieve a debt-free future.

Together, we can explore your options, address your financial challenges, and lay the groundwork for a prosperous and stable future. Let's take the first step towards your financial recovery and freedom.

Contact PH&B Law Office today to schedule your free consultation.

Waseca Office
215 Elm Avenue East
Waseca, MN 56093 |
Phone: 507-835-5240

Owatonna Office
150 West Park Square,
Owatonna, MN 55060
Phone: 507-451-9000

Janesville Office
216 North Main Street
Janesville, MN 56048
Phone: 507-234-5106

Faribault Office
415 2nd Ave NW
Faribault, MN
Phone: 507-332-7425

Start Your Path to Financial Recovery!

Begin your journey towards financial stability by scheduling a free consultation with our bankruptcy law experts.