Lakeville is a rapidly growing southern suburb in Dakota County, approximately 30 miles south of downtown Minneapolis. It is known for its excellent schools and numerous lakes.
Minnesota state exemptions apply. Homestead: $450,000 (up to $1,150,000 for agricultural property). Vehicle: $5,000. Household goods: $11,500. Wildcard: $13,000 (can be applied to any property). Wages: 75% exempt. Retirement accounts: fully exempt. Minnesota does not allow federal exemptions.
Exemptions determine what property you can keep in bankruptcy. See the full exemptions guide.
These organizations may offer free or low-cost assistance. Contact them directly to verify current services and eligibility requirements.
Lakeville residents file in the District of Minnesota at 316 N Robert St, St. Paul, MN 55101. The drive from Lakeville is approximately 35-40 minutes north on I-35.
Minnesota's vehicle exemption is $5,000 per debtor. If you are married and filing jointly, you can protect up to $10,000 in vehicle equity combined. For vehicles worth more than the exemption, Chapter 13 allows you to keep them while repaying the difference over your plan.
Chapter 7 typically takes 3-4 months from filing to discharge. Chapter 13 takes 3-5 years (the length of the repayment plan). The timeline is the same regardless of where you live in Minnesota. Your 341 meeting will be scheduled about 30 days after filing.
Use the free 1328(f) screener to check whether a prior discharge affects your eligibility.
Free Discharge Screener