Let us help you with your financial situation. When financial situations are controlling you, Kalenda & Associates can help you determine whether filing for bankruptcy in Minnesota is right for you.

The results achieved by Kalenda & Associates under Federal and Minnesota Bankruptcy laws may relieve financial stress and allow you to gain control of your finances and protect your assets.

Contact us today at 320.255.8840.

Which Bankruptcy is right for you?
Kalenda & Associates is qualified to assist individuals and businesses in all levels of bankruptcy in Minnesota. We are in good standing with the federal and Minnesota state bar and have represented numerous clients in the Minnesota Bankruptcy Courts.

Personal Bankruptcy in Minnesota - If you are an individual who is not a corporation or a limited liability partnership or other type of business entity, you will need personal bankruptcy counsel.

Business bankruptcy in Minnesota - If you have a business seeking bankruptcy protection, you have several choices. Chapter 7 which is a total liquidation and dissolution of the company or chapter 11 which is a corporate reorganization. If you are a farmer seeking protection a chapter 12 bankruptcy may be right for you.

Chapter 7 acts as a liquidation of debt and all assets which exceed certain exemptions. In certain situations, people can file a chapter 7 and sometimes keep their homes, cars, and pensions. Chapter 7 allows you to discharge your credit card debts, medical bills, personal loans, and most other debts.  

Chapter 11 although most commonly used for corporations, acts as a full reorganization for individuals who do not qualify for chapter 13 bankruptcy due to large amounts of secured or unsecured debt.

Chapter 13 is designed for individuals with regular income who desire to pay their debts but are currently unable to do so. The purpose of Chapter 13 is to enable financially distressed individual debtors, under court supervision and protection, to propose and carry out a repayment plan under which creditors are paid over an extended period of time. Under this chapter, debtors are permitted to repay creditors, in full or in part, in installments over a three to five year period, during which time creditors are prohibited from starting or continuing collection efforts.

About Debt Consolidation - At Kalenda & Associates we have a legal and ethical obligation to zealously represent your best interests. Our compliance with our obligations to you are regulated by Minnesota state law. Thus, you have the opportunity to have a bankruptcy attorney represent only your interests and you are ensured that your bankruptcy attorney is fighting for your rights. Many debt consolidation programs are private entities, sponsored by creditors and don’t have the same strict legal requirements to protect your best interests.

To learn more about whether bankruptcy is right for you, contact us at 320-255-8840.