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3 Things to Do Before Filing for Chapter 7 Bankruptcy in Minneapolis

Filing for bankruptcy may seem like an overwhelming task. If you are in debt and considering bankruptcy, it is important to take things one step at a time. Your first step is to determine if Chapter 7 bankruptcy relief is a good option for you. That step can be broken down into further sub-steps, such as getting an accurate analysis of your financial situation, participating in financial counseling, and consulting a Minneapolis Chapter 7 Bankruptcy Attorney.

Is Chapter 7 Bankruptcy Right for You?
 
That is not an easy question to answer, and it is not a question that should be answered without sufficient information. Specifically, it is important to:

  1. Make a list of your debts, assets and income. You need to have a complete understanding of your financial picture. This will be required by the Bankruptcy Court and requested by your Minneapolis bankruptcy lawyer.
  2. Participate in credit counseling. A complete list of credit counseling that will meet the Bankruptcy Court requirements is available from the District of Minnesota Bankruptcy Court. Pre-bankruptcy counseling may occur any time within 180 days of when you file for bankruptcy and should include a discussion of your financial situation, information about bankruptcy alternatives, and a personal plan to meet your financial goals and create an individual budget.
  3. Talk to an experienced Minneapolis Chapter 7 bankruptcy lawyer. A bankruptcy lawyer will help you determine if bankruptcy is right for you based on your unique situation and may help you with bankruptcy or alternative debt reduction methods.

You can learn more about whether bankruptcy is the right course of action for you by reading our FREE book: What You Need to Know About Filing Bankruptcy in Minnesota.

How to Contact an Experienced Minneapolis Chapter 7 Bankruptcy Attorney
 
You can speak directly with an experienced Minnesota Chapter 7 bankruptcy attorney today by calling the Rosenzweig Law Office at 952.388.2942 or 800.619.8991, or filling out our online contact form.