285 18th St SE, Owatonna MN 55060 | jana@effertzlaw.com
 
 
 
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Bankruptcy in Owatonna, Minnesota

 
Final Demand Form - Bankruptcy Law Minnesota in Owatonna, MN
 
Jana H. Effertz Law Office P.A. in Owatonna, Minnesota assists you during financial hardships. We are here to help during this trying time. It's important to know that you have options, no matter the debt you're facing. With our knowledge and gentle guidance, you'll better your financial situation. We will explore all your legal options with you. If bankruptcy protection fits, Jana H. Effertz Law Office P.A. helps decide between Chapter 7 and Chapter 13 Bankruptcy. Call us today, 507-451-1773 to see how we will help stop:
 
  • Lawsuits
  • Foreclosure
 
  • Repossession
  • Garnishment
 
  • Collection calls
 
 
 

Chapter 7

Chapter 7 Bankruptcy is a plan that liquidates your debt. A court-appointed trustee will have non-exempt property turned over to them. This trustee sells that property off to pay debtors. Bankruptcy won't remove all debts. You are still responsible for some obligations. These obligations can include taxes, spousal and child support, fines, or others. Call us today to learn more 507-451-1773.
 
Chapter 7 Form - Bankruptcy Law Minnesota in Owatonna, MN
 
 
Chapter 13 Form - Bankruptcy Law Minnesota in Owatonna, MN
 

Chapter 13

Chapter 13 Bankruptcy is a plan that does not cancel your debts. Instead, it structures a payment plan that will allow you to pay off your creditors. You will have three to five years' time to make the payments. This depends on the amount of your income. At the end of the period, your remaining debt is cancelled. Bankruptcy does not cancel all debts. You are still responsible for payment of taxes, spousal and child support, fines, and other obligations. Call us today to learn more 507-451-1773.