Prescott Pearson & Tande, PA

05/18/2022

Our Clients nearly unanimously report an improvement to their mental health after filing bankruptcy!

Americans are more stressed about money than they've ever been, according to the American Psychological Association's latest Stress In America Survey.

08/07/2021

Prescott Pearson & Tande, PA has been voted BEST Bankruptcy law firm in Minnesota! We are honored to have been recognized by so many of our clients and are grateful that we have been trusted by tens of thousands of Minnesotans to help them resolve their financial difficulties.

Congratulations to Schromen Law, LLC on being voted Best Estate Planning law firm in Minnesota!

07/08/2021

The eviction moratorium is ending. Know your rights and how to protect your home.

The eviction moratorium is ending. Know your rights, mark these dates and learn what you can do to stay in your home.

03/16/2021

Stimulus payments are protected from creditors in Minnesota!

News stories have been making the rounds online over the last 24 hours about how stimulus payments are not protected from creditors. Our office has gotten numerous questions from clients and potential clients worried that creditors can take their stimulus payments that will be paid in March, 2021. Apparently Congress did not protect these funds from creditors like they did in prior rounds of stimulus, which leaves the money available under federal law for creditors to garnish or levy the money from bank accounts to pay off pre-existing debts.

Fortunately, in Minnesota Governor Walz has issued Executive Order 21-02 which provides that except for child support and spousal maintenance debts, all federal COVID stimulus payments to individuals are deemed to be government assistance based on need and exempt from garnishment and levy by creditors (other than child support and spousal maintenance). What this means in plain English is that once deposited in a person’s bank account, the March, 2021 stimulus funds cannot be taken by creditors other than child support and spousal maintenance.

One potential gap in protection here is whether federal debts (such as back taxes and delinquent student loans owed to the federal government) can keep the stimulus payments to offset a federal debt, which would prevent the stimulus payments from ever being sent in the first place. This is something that will likely depend on the regulatory interpretation by the Department of the Treasury and Department of Education, and is not anything that we’ve heard any clarification on at this point. If we do find out more information, we’ll be sure to share it.

If you have any questions about your debts, please don't hesitate to contact us!

03/17/2020

Concerned about Coronavirus? We can meet remotely.

If you’d prefer not to meet in person, we can review your case, consult with you – and even file your case – via Skype, Zoom and telephone. Whatever means of contact you choose, the important thing is to act now, before your situation gets any worse. We know, because we’ve been doing this for more than 40 years. In fact, bankruptcy is all we do, and we do it well. Simply visit our website to set up a remote consultation.

03/16/2020

Every day we build on our reputation as Minnesota’s most trusted bankruptcy law firm. But it’s not every day that we build a new brand. Visit our website to get a feel for it – and let us know what you think!

03/05/2020

Financial hardship can befall anybody, and filing for bankruptcy might be your best path back to stability. But the amount of money you make can influence the type of bankruptcy you qualify for. If you earn too much for a Chapter 7 bankruptcy, which can wipe out certain debts in as little as 3 months, you can file for a Chapter 13 bankruptcy, in which you would make payments over time (based on your income and expenses) to repay a part of your debts. At the end of the Chapter 13, the unpaid portion of the dischargeable debts would be discharged.

12/30/2019

Overwhelmed by credit card debt? You’re not alone. 43% of Americans have been carrying a balance for 2+ years.

12/27/2019

You may be (happily) surprised to learn what debt can be discharged in a Chapter 7 bankruptcy filing. Get critical details in this blog post:

http://bit.ly/38VMarf

12/26/2019

Think you’re powerless to stop creditor harassment? That’s what debt collection companies want you to believe.

12/25/2019

Wondering if you qualify for Chapter 7 bankruptcy relief? Read this blog post from the Bankruptcy Answers section on our new website – and then let’s talk.

http://bit.ly/2EJckzC