Get your FREE book "Bankruptcy in Minnesota" by Sam V. Calvert -- Limited Supply..... NO NEED TO COME IN--YOU CAN DO EVERYTHING FROM THE SAFETY AND COMFORT OF YOUR HOME.

Sam Calvert


As we traverse these unprecedented times, we may face a reduction in cash flow and increased debt, eventually leading to insurmountable financial hardship. The only option to receive some monetary relief would be to declare bankruptcy. Although, due to the cash crunch, you may decide to save on lawyer’s fees and file the petition yourself, which is technically possible.

However, bankruptcy is a legal process that can result in a catastrophic situation if not carried out correctly.

Therefore, if you’re planning to handle the adverse financial situation yourself, we recommend that you take a few minutes to understand why you shouldn’t DIY filing your own bankruptcy.

1. Complex forms

You will need to locate, download, and complete the official bankruptcy forms, together with the Minnesota variants. You will also have to gather your payment advice slips, tax returns, legal descriptions and understand your assets. It can all be time-consuming if you’re starting from scratch.

2. Loss of assets

One serious hazard you may face is the loss of assets if you choose the wrong set of exemptions. Most exemptions let you protect (or keep) your property, but the trustee can take some of your property if you select the wrong set of exemptions.

3. Debt issues

In a worst-case scenario, you can mess up the case so badly that you may not be entitled to a discharge of your debt. It means that you will still be liable to pay your creditors.

Do things right – Hire a professional!

A professional bankruptcy attorney can help you avoid some of the most common (and not-so-common) pitfalls when facing financial distress. Fees can vary from lawyer to lawyer. For example, I charge $1600 for an “ordinary” bankruptcy which is a competitive rate, when you consider what I could save for you and your family.

So, if you need assistance with bankruptcy, then contact Sam Calvert, Attorney at Law. I’m an experienced bankruptcy attorney and lawyer in St. Cloud, Minnesota that has helped many individuals or small businesses over the years to protect their assets. I was formerly a member of the private panel of bankruptcy trustees for chapter 7 and chapter 12 trustees. Today, I’m a Real Property Specialist, certified by the Real Property Section of the Minnesota State Bar Association.

My practices include real estate, bankruptcy, chapter 7 bankruptcy, chapter 13 bankruptcy, chapter 11 bankruptcy, business bankruptcy, and bankruptcy litigation. I also undertake wills and estate planning for clients. My services are available across Saint Joseph, Sartell, Sauk Rapids, Saint Stephen, Saint Cloud, Gilman, Rice, Holdingford, Stearns County, St. Joseph, Waite Park, Avon, Albany, Freeport, and Richmond, Minnesota, to name just a few places. To learn more about my services, please click here or get in touch with me by clicking here.

Recent Posts