Much attention has recently been given to the disastrous bankruptcy filing of Denny Hecker. Clearly, the Hecker case is not a run of the mill case; however average individuals contemplating bankruptcy should take note of the things which got Mr. Hecker in hot water. These things can happen to average individuals as well. The most [...]
Lessons The Average Person Contemplating Bankruptcy Can Take Away From The Denny Hecker Case
July 19th, 2010 · No Comments
Tags: Bankruptcy · News
Can you end up in jail for not paying your debts?
June 8th, 2010 · No Comments
The simple answer to this is “no, there are no debtor’s prisons.” Unfortunately, despite the lack of debtor’s prisons, some people are ending up in jail because of bad debt. Minnesota law does not impose prison sentences because of bad debt, but Minnesota law which is rather pro-creditor provides a mechanism which allows a creditor [...]
Tags: Bankruptcy · News