• What is the means test?

    By Sam Calvert, Attorney At Law |

    What Is the Means Test - Blog by Sam Calvert, Attorney at Law

    There are two types of bankruptcy usually used by individuals -- Chapter 7 and Chapter 13. Either can help you deal with your finances. Chapter 13 is a payment plan type bankruptcy, that lets you pay your bills, or a portion of your bills, over three to five years. Chapter 7, on the other hand, wipes out your dischargeable debt without a payment plan, and usually takes about four months.

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  • Why Filing Your Own Bankruptcy Is A Bad Idea

    By Sam Calvert, Attorney At Law |

    Why Filing Your Own Bankruptcy Is a Bad Idea - Blog by Sam Calvert, Attorney at Law

    Debt can be a handy tool for purchasing property or assets that you cannot finance in a lump sum. At the same time, it can become a burden if your income is reduced, you lose your job, or take on more debt than you can handle. In the event of excessive debt and absolutely no way out, your last resort is to apply for bankruptcy.

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  • 401(k) contributions in a chapter 13 may continue

    By Sam Calvert, Attorney At Law |

    401k Contributions in a Chapter 13 May Continue - Blog by Sam Calvert, Attorney at Law

    Minnesota is in the Eighth Circuit, which includes the Dakotas, Nebraska, Iowa, Missouri and Arkansas. Nevertheless, cases from other circuits may be helpful in understanding the law.

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  • More wages will be protected from garnishment

    By Sam Calvert, Attorney At Law |

    More Wages Will Be Protected from Garnishment - Blog by Sam Calvert, Attorney at Law

    The Minnesota Legislature recently passed a small but helpful change in the garnishment law.

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  • Common Mistakes People Make When In Debt

    By Sam Calvert, Attorney At Law |

    Common Mistakes People Make When in Debt - Blog by Sam Calvert, Attorney at Law

    Over the years, education loans, medical bills, and mortgage repayments can soon pile up, which can leave you saddled with debt. So to help you avoid making basic errors when dealing with insurmountable debt, Sam Calvert, Attorney at Law, has put together a list of the most common mistakes people make when in debt.

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