Mechanic's liens provide contractors and subcontractors with a means of collecting payment for construction work and supplies. The lien allows you to eventually take possession of property upon which you completed work for which you were not paid. In order to use this...
Month: July 2014
Despite the Defeat of DOMA, Gay and Lesbian Couples Need Additional Protections
The summer of 2013 was an exciting time for LGBT couples in Minnesota. Last June, the U.S. Supreme Court (SCOTUS) overturned the Defense of Marriage Act (DOMA), which forbade the federal government from recognizing a legal same-sex marriage. Two months later,...
Balloon Mortgage — Low Payments, Until the Loan Bursts
Stanzer Knox refinanced his home in 2006 with a 30-year $185,000 mortgage - or so he thought. Mr. Knox soon discovered that he had agreed to pay the mortgage on his Minnesota home within the 30-year period, but he had 40 years' worth of payments to make. At the...
Fulfilling Your Credit Counseling and Debtor Education Requirements During Bankruptcy Proceedings
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 amendment to the U.S. Bankruptcy Code imposed additional burdens on debtors filing for bankruptcy protection. BAPCPA includes provisions that require debtors to obtain credit counseling and...
