Many people notice that they get some relief very quickly after contacting a Minneapolis bankruptcy attorney.
Relief comes in different forms. From the time of your first meeting with an experienced Minnesota bankruptcy lawyer, you may have a sense of relief knowing that you have received professional advice about how to manage your debt and plan for your future. If you qualify for bankruptcy, then you will experience additional relief when your bankruptcy petition is filed. Once the petition is filed, your creditors can no longer contact you directly and pressure you to make payments.
Final relief from your debts may come when your bankruptcy is discharged. Typically, a Chapter 7 discharge may come as soon as your non-exempt property is sold or distributed to satisfy your debts. A Chapter 13 bankruptcy may take longer as a discharge does not occur until the terms of the 3- to 5-year repayment plan have been satisfied. Once your bankruptcy is discharged, then the creditors who were parties to the bankruptcy have had their claims legally satisfied and generally have no further claims against you.
To find out more about how to get relief from overwhelming debt, please contact an experienced Minneapolis bankruptcy lawyer today at 952.388.2942 or 800.619.8991. You can also learn more about the bankruptcy process and how you may benefit from it by reading our FREE book: What You Need to Know About Filing Bankruptcy in Minnesota.