Kelly Bankruptcy Law Office

08/21/2025

Check out my latest blog post about bankruptcy myths: Myth No. 5 - You Will Lose Your Retirement Savings.

By Dave Kelly, Minnesota Bankruptcy Lawyer This is the 5th post of my series on the top seven myths about consumer bankruptcy. In almost 50 years of law practice, I’ve never had a bankruptcy client lose their pension, 401K, 403B or IRA. What is the “Bankruptcy Estate”? As you start working on ...

06/23/2025

Episode 5 in my video series on the top 7 bankruptcy myths is up. Myth 5: I'll Lose my Pension, Retirement Account and 401K.

This is episode 5 of my series on the top seven myths about consumer bankruptcy. I often hear from people who think they will lose their pension, 401K, 403B...

05/14/2025

The federal bankruptcy exemptions had a substantial increase last month in April 2025. They are only updated every three years, so this is kind of a big deal. Check out the new numbers on my exemptions page:

Filing Bankruptcy in Minnesota? Choose exemptions under Minnesota law or Federal law to protect your assets.

12/31/2024

Happy New Year everybody. Looking back on this year, one of the things I am most thankful for is the new Minnesota state exemptions. Here's my blog post about it:

By Dave Kelly, Minnesota Bankruptcy Lawyer Historically Asset Protection was Sadly Inadequate If you have been watching the videos on my channel or reading my blog posts, you may have come across the ones where I whine about how poor and porous the Minnesota state exemption statute has been. Up unti...

11/22/2024

11/22/2024

Take a look at my most recent contribution to YouTube. In this video I discuss the recent updates to the Minnesota exemption statutes. This time the changes are very significant. https://youtu.be/8dnp_NfZ9DI

10/03/2024

Take a look at my latest blog installment on the top 7 bankruptcy myths. You will find a bit more detail here than is in my Youtube video on the same subject.

By Dave Kelly, Minnesota Bankruptcy Lawyer No Such Thing as a Partial Bankruptcy I keep hearing from people who want to file a partial bankruptcy. The trouble is that bankruptcy is a 100% deal. If you are in at all you have to be all in. Often someone will call me and what’s on their … Continue ...

09/27/2024

Episode 4 of my Youtube series on the Top 7 Bankruptcy Myths is now up. Myth No. 4 is "You Can Choose Which Debts to List." That isn't how it works. Take a look:

I keep hearing from people who want to file a partial bankruptcy. The trouble is that bankruptcy is a 100% deal. If you are in you have to be all in. Ofte...

05/09/2024

As promised, here's my latest blog post in my series on the top seven bankruptcy myths: Myth No. 3 – My Credit Will Be Ruined For 10 Years or More.

By Dave Kelly, Minnesota Bankruptcy Lawyer I don’t claim to be a credit expert. What I know about credit and the effect of bankruptcy filing on it is what I hear from my clients. Almost everything I know is hearsay. It would not be admissible as evidence in court. But I’ve heard the same thing ....