*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*
It is my goal to deliver information in five-star manner.
I am a licensed attorney but I am not your attorney. The law does not allow me to I give legal advice or form an attorney-client relationship on this public forum.
If at any time the information which I provide is not clear to you or does not fully answer your question, please ask me for clarification by using the reply button.
From your description, it sounds like you would benefit from a chapter 7
As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13. There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.
A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards, medical bills, judgments and personal loans. It would be an opportunity for a fresh financial start. A Chapter 7 requires that you surrender assets, if any, that exceed your exemption. However if you do not have any nonexempt assets, you will lose only your debts. The attorneys fees run about $1000-$1500
A Chapter 13 bankruptcy is a repayment plan
for an individual. It may require that you repay some of your unsecured credit card debt over a 3 -5 year period. However, you may retain assets that exceed your exemption. The attorneys fees run about $3000-$5000
Here are the exemptions for Minnesota:
I think this is what you wanted to know. Please let me know if I have answered your question