Dustin Bower Articles

How to Properly Prepare and File for Bankruptcy - Click To Read Article
Are you thinking about filing for bankruptcy? This process can seem daunting and overwhelming in the midst of an already stressful time. Here are the basic steps in the filing process:

Minnesota Foreclosure Laws - Click To Read Article
Are you facing the possibility of foreclosure? Knowing the State law is the key to helping you through the process. Minnesota foreclosures are handled both in court (judicial) and out of court (non-judicial). What does that mean to you? Foreclosures are processed both with and without court intervention, depending on the particular case. The timeline is usually four months, not including the redemption period.

What is the means test, and how does it apply to me? - Click To Read Article
Chapter 7 bankruptcy is the liquidation of your assets in return for having your debts pardoned. Chapter 13 bankruptcy lets you work with the court to find a way to pay off your debts. In order to prevent people from abusing Chapter 7 proceedings when they could be paying off their debts through Chapter 13, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created the means test.

What is exempt property and what can you keep with the federal exemptions? - Click To Read Article
“The purpose of an exemption is to protect a debtor and his family against absolute want by allowing them, out of his property, some reasonable means of support and education and the maintenance of the decencies and proprieties of life.” Poznanovic v. Maki, 296 N.W. 415, (1941)

What is an automatic stay? - Click To Read Article
An automatic stay is created when a person files for bankruptcy under either Chapter 7 or Chapter 13.

What is the difference between a Chapter 7 and a Chapter 13 bankruptcy? - Click To Read Article
Sometimes you get into severe financial straits and have to rely on bankruptcy. When this unfortunate happenstance occurs, which form of bankruptcy do you choose? The two major forms of bankruptcy for consumers are Chapter 7 and Chapter 13. Each of these bankruptcy forms are designed to ease and remove debts from you, while at the same time paying off the bills as much as possible.

When Should I Consider Filing for Bankruptcy? - Click To Read Article
“A person is insolvent whenever the aggregate of his property is not sufficient to pay his debts” – First State Bank v. Sibley County Bank, 105 N.W. 485

What Are The Limitations of Filing for Bankruptcy? - Click To Read Article
“A bankruptcy court is without jurisdiction to adjudicate controversies over property in the possession of an adverse party without the consent of such party.” - In re St. Cloud Tool and Die Co, 533 F.2d 313


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