• Subd. 26.Health savings accounts; medical savings accounts.

    By Sam Calvert, Attorney At Law |

    In 2018 the Minnesota legislature added an exemption to state law to protect health savings accounts (“HSA”) and medical savings accounts (MSA) up to $25,000.00 from creditors, other than divorce court/child support orders.

    The new law, effective August 1, 2018 says that the following is exempt:

    (a) All money held in a health savings account, as defined in the Internal Revenue Code of 1986, section 223(d), as amended, up to a present value of $25,000.

    (b) All money held in a medical savings account, as defined in the Internal Revenue Code of 1986, section 220(d)(1), as amended, up to a present value of $25,000.

    Read More >>


  • Judge Michael Ridgway recently issued an opinion that summarizes how to "avoid" judgment liens in bankruptcy. The case is In re Mus, case number 17-42895.

    By Sam Calvert, Attorney At Law |

    A little background:  Most real estate in Greater Minnesota is "abstract property".  In Hennepin and Ramsey much of the land is "Registered property", a/k/a "Torrens property".  For this post I will ignore Torrens property. When a judgment is entered and docketed in District Court, the judgment becomes a lien on all abstract property in that county.  The lien does not "attach" to property which is homestead property under state law;  however, there is no way to determine if a piece of land is homestead or non-homestead.  So, practically, a judgment is an apparent lien on any real estate you may…

    Read More >>


  • IS BANKRUPTCY A BAD THING?

    By Sam Calvert, Attorney At Law |

    BLOG-ARTICLE-IMAGE.jpg

    You will often hear that “bankruptcy is bad”, or that “bankruptcy is a forever mistake”. It is likely that the people who say bankruptcy is bad don’t understand the process. Each bankruptcy case is a little different, and people chose bankruptcy for many different reasons, most of which are beyond their control. Certainly, filing bankruptcy is not something to take lightly, but Congress created the bankruptcy law to help people get a fresh start on their finances. Medical bills are often cited as causing a large percentage of bankruptcies. For many people, unexpectedly losing a job puts them into a financial tailspin.…

    Read More >>


  • Season’s Greetings from Sam Calvert, Attorney at Law

    By Sam Calvert, Attorney At Law |

    Sam-Calvert,-Attorney-at-Law.jpg

    Sam Calvert, Attorney at Law wishes you and your family a wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019!

    If you need any assistance from us during this time, feel free to get in touch with us by clicking here.

    Read More >>


  • Announcing the new website

    By Sam Calvert, Attorney At Law |

    sam calvert.jpg

    We are delighted to announce the launch of our new website!

    Read More >>


Top