Duluth Bankruptcy Lawyer
Get Your Free Case Review

Bankruptcy And Debt Relief Attorneys In Duluth

What Is Bankruptcy?

Bankruptcy is a legal proceeding that allows individuals and businesses, who are burdened with debt, to get a fresh start financially. Bankruptcy law provides a way out of debt and a chance to rebuild.

Deciding to file for bankruptcy is a serious decision. You may need to seek the help of a financial advisor, credit counselor, or consult with a bankruptcy attorney. Attorneys know the ins and outs of bankruptcy law, can help you complete all paperwork, and guide you through the filing process.

How Much Debt Do You Have To Have To File Bankruptcy?

There’s no minimum amount of debt someone needs to have to file for bankruptcy because everyone’s situation is different.

Bankruptcy could be right for you if:

  • You can’t pay back your debts
  • You are overwhelmed financially
  • Have trouble making your monthly payments
  • Your medical bills are overwhelming
  • Are a victim to predatory lending
  • Were in an accident
  • Are recently divorced
  • You are experiencing unemployment

What Debts Can Be Eliminated?

Filing for bankruptcy won’t wipe out all your debts. However, it can take care of most debts and provide immense debt relief for you.

Bankruptcy can:

Bankruptcy can’t:

  • Eliminate most student loans
  • Discharge most government debts
  • Get rid of any alimony or child support you owe
  • Discharge any secured debts (unless you surrender the second property)

Each person’s circumstance and debts are unique. To find out which of your debts can be eliminated, call our Duluth lawyers who are experts in bankruptcy at (218) 729-0628.

Chapter 7 And Chapter 13 Bankruptcies

Filing for bankruptcy can help you by either eliminating your debts or making a plan for you to repay debts. The two bankruptcy chapters for individuals are Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy

This bankruptcy discharges unsecured debts or loans, like credit card balances, utility bills, medical bills, and various bank loans. Some secured debts along with specific debts such as most student loans, child support payments, and most tax debts won’t be eliminated.

This type of bankruptcy is labeled as the liquidation bankruptcy. However, in nearly all cases, the individual keeps their property and other belongings. Chapter 7 opens up the possibility for you to apply for a new credit card, get a car loan, or refinance a current car payment.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is generally for people whose income is too high to qualify for Chapter 7.

This type of bankruptcy allows you to pay all or some of your debts over three to five years. The repayment plan goes to a confirmation hearing in court, and once it’s approved, all creditors must comply. You will pay a trustee, who will then distribute the money to the creditors.

The repayment plan is based on what you can afford. This means only your disposable income is used for the plan. The rest of your income will go to bills and what you need to support you and your family.

With Chapter 13, you may be able to get caught up on mortgage payments and even have second mortgages eliminated. Additionally, it’s possible to have the interest rate on your car or vehicle payments lowered. Once you reach the end of the repayment plan, any remaining debts will be eliminated.

Nicolet Law Office In Duluth, MN

Our Duluth office is conveniently located in the downtown area. Nicolet Law Office is by the corner of 2nd Avenue and W 1st Street, only a block away from Sammy’s Pizza and a few blocks from Dubh Linn Brew Pub. We are about a 10-minute walk to the access point for the Lake Walk, that’s across the street from Pizza Luce.

Whether you’re coming in from Two Harbors or Proctor, we are just a couple minutes off of Highway 35. We are close to all the attractions by Canal Park, such as the Aerial Lift Bridge, the lighthouse, and the famous Grandma’s Saloon and Grill.

The local business community of Duluth is unique in that, despite being in a large city, it feels like a close-knit group. The Twin Ports area is filled with so many artisans, creatives, brewers, and restaurateurs. At Nicolet Law Office, we feel honored to be among such a hardworking and entrepreneurial bunch. That’s why we are dedicated to supporting the Zenith City with our legal services from bankruptcy to personal injury and Social Security Disability.

Contact Our Duluth Bankruptcy Lawyers

Our bankruptcy attorneys will evaluate your financial situation and help you figure out what the best course of action is for you. The Nicolet Law team wants to help you get back on your feet.

Call a Duluth bankruptcy lawyer from Nicolet Law Office at 715-377-2141 or reach our lawyers by email. Schedule your free consultation today. We offer meetings in-person, by phone, and through video chat.


– Why Hire Nicolet Law? –

Get An Experienced Lawyer On Your Case

We’ve helped thousands of clients with a wide range of legal needs. Let us put the skills and experience we’ve gained along the way to work for you!

Get Our App!

Get our convenient, secure app to
send us legal documents and pay your bill. Available on the App Store and Google Play.

Download the Nicolet Law Office app from the App Store to conveniently send documents and issue payments to our attorneys.
Nicolet Law clients can conveniently send legal documents and issue payments through our secure app. Get it on Google Play.

More Than

Million Recovered for our clients


Clients Helped

More Than

Years In business


Years of Combined Experience

What Our Clients Say About Us

powered by BirdEye

Awards & Recognition

Our peers and independent third-party organizations have recognized the hard work and dedication we put into every case. This has led to numerous awards and accolades.

From Our Blog

Winter Driving in the Midwest

It is that time of year again. Winter driving conditions in the Midwest can change on a daily basis. Unfortunately, many...

Minnesota Traffic Fatalities Rising Despite Quieter Roads

Despite fewer people on the roads due to COVID-19, Minnesota is reporting higher than usual traffic fatalities. State...

5 Post-Accident Mistakes Victims Make When Talking to Insurance Companies

In the wake of a car accident, victims tend to be scared, overwhelmed, and unsure of what to do or say. Unfortunately,...

Halloween Safety Tips

There is no doubt that Halloween is going to look a little different this year. Typically enjoyed by people of all ages...

PLEASE NOTE: To protect your safety in response to the threats of Covid-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to  discuss your options.