Twin Cities Chapter 7 Bankruptcy Lawyer

Filing for Chapter 7 Bankruptcy

If you are overwhelmed by credit card debt, past-due medical bills, and other crushing expenses, filing for Chapter 7 bankruptcy may be a way for you to get some relief from creditors and start fresh with your finances.

JD Haas & Associates, PLLC, Chapter 7 bankruptcy lawyers can help you navigate and overcome financial setbacks by exploring your bankruptcy options. Contact us today at 952-345-1025 or set up a free consultation to find out whether Chapter 7 is right for you.

What Debt Can You Discharge in a Chapter 7 Bankruptcy?

If you qualify for Chapter 7 bankruptcy, you may be able to receive a discharge for most of your debts. This means creditors may no longer contact you or pursue recovery for your debt. However, not all debt can be discharged under Chapter 7.

Debt that you may be able to discharge includes:

  • Credit cards
  • Medical bills
  • Deficiency balances resulting from the sale of a repossessed car or foreclosed mortgage
  • Unsecured personal loans

To learn more about whether you qualify for a Chapter 7 bankruptcy, contact our law firm today at 952-345-1025.

What Property You May be Able to Exempt

Chapter 7 bankruptcy is also known as liquidation. This means a trustee will sell your non-exempt assets to pay off as much of your debt as possible. However, that does not mean you will lose everything. Minnesota law allows property exemptions in Chapter 7 bankruptcy cases.

Some of the most common exemptions include:

  • Property that is used as a residence
  • Burial lots
  • Motor vehicles
  • Personal property
  • Professional tools
  • Wages
  • Government benefits
  • Alimony, child support, and separate maintenance
  • Retirement and pensions
  • Life insurance

All of these exemptions of specific dollar limits in the state of Minnesota. What you are able to exempt depends on your financial circumstances. If you are ready to talk about your options for filing for Chapter 7 bankruptcy, contact our Minnesota law firm today. Our attorneys will be straightforward with you about what to expect, and we will be honest if we feel bankruptcy is not the best route for you.

Information We May Need from You

When you schedule an initial consultation with our Chapter 7 bankruptcy attorneys, we will move as quickly as possible to provide relief from your creditors. We may need the following documents from you to process your bankruptcy:

  • A list of your creditors and the amount you owe them
  • Any sources of income you have, as well as the amount and frequency of payments
  • A list of your assets
  • A list of your monthly living expenses (food, shelter, utilities, transportation, medication, clothing, etc.)

Our attorneys will talk you through what to expect when you file for bankruptcy, as well as any other alternatives that may be available to you. Our law firm does not charge for this initial consultation, and you are under no pressure or obligation to move forward until you feel ready.

How Does Chapter 7 Bankruptcy Work?


The first step in a Chapter 7 bankruptcy case is to meet with an attorney to determine whether you qualify for this type of bankruptcy. There are strict income limits that are based on the state’s median income level.

Here are some possible steps you may need to take to file for a Chapter 7 bankruptcy:

  • Complete credit counseling
  • File a petition with the Bankruptcy Court
  • File additional documentation regarding your assets and liabilities, income and expenditures, financial affairs, and other information
  • Provide a copy of your tax return for the most recent year

The Bankruptcy Court will appoint a trustee to liquidate any nonexempt assets and oversee the case. The trustee will pay unsecured creditors with proceeds from the sale of nonexempt assets. In many cases, the Bankruptcy Court will issue a discharge order. A discharge releases you from most debts and stops creditors from pursuing you any further. This typically happens 60 to 90 days after the creditors’ meeting.

Contact a Chapter 7 Bankruptcy Lawyer in Minneapolis

If you are considering filing a Chapter 7 Bankruptcy in Minneapolis, JD Haas & Associates, PLLC can help you. We offer complete bankruptcy legal services for both individuals and businesses.

To find out more about our legal services and schedule a free, no-obligation case review, contact our offices at 952-345-1025.

As a debt relief law firm we help people file bankruptcy under federal and state law. We also provide other debt relief services. 

We at J D Haas and Associates understand that people are going through difficult times. We have decided to reduce our fees in order to help people. Let us know if we can help you.

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