The U.S. Supreme Court’s decision in Clark v. Rameker, 134 s.Ct. 2242(2014), saying that inherited IRAs are not exempt in bankuptcy, formed the basis for a 2018 ruling from the Bankruptcy Appellate Panel involving a different type of retirement account: divorce court-awarded IRAs and 401(k)s. While the bankruptcy code’s section 522(d)(12) allows an exemption for…

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In May 2018, Craig Andresen was elected by the Bankruptcy Law Section to serve as Vice Chair for the 2018-19 year.  This position also entails supervising the Pro Bono Committee and assisting the committee in formulating its annual budget.  Other duties include serving on the planning committee for the annual Bankruptcy Institute.

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Yes, in Minnesota you can stop a mortgage foreclosure, and save your home, without filing bankruptcy.  What’s more, there are two ways to accomplish this important result. The Minnesota legislature recently enacted two new statutes allowing a homeowner to stop a residential mortgage foreclosure.  These were enacted in response to the housing market meltdown —…

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best bankruptcy attorney St. Paul MN

On May 21, 2016, the Minnesota State Bar Association’s Bankruptcy Section appointed Bloomington attorney Craig Andresen as treasurer of the section, for the 2016 – 2017 year.  This follows Mr. Andresen’s service as education director for the prior year, and his service as chair of the consumer committee the year prior to that.   Mr.…

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In a case in which Andresen Law Offices represented the debtor, the Minnesota bankruptcy court issued a published decision barring chapter 7 trustees from taking property tax refunds. This ruling by Judge Ridgeway, In re Johnson, No. 13-41370 (Bky. D. Minn. Sept. 11, 2013), held that Minnesota property tax refunds are “government assistance based upon…

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Minnesotans who file for chapter 7 bankruptcy need to take care that their health care savings accounts are not lost to the bankruptcy trustee, due to a recent decision of the federal Bankruptcy Appellate Panel. In this case, Leitch v. Christians, No. 13-6009 (8th Cir. BAP July 16, 2013), the appeals court upheld a ruling by Minnesota…

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Just seven months after the federal appeals courts upheld the right of chapter 13 debtors to strip off a completely unsecured second mortgage on homestead real estate (in a case litigated by Craig Andresen), Minnesota’s four bankruptcy court judges enacted Local Rule 3012-1, which sets forth the procedure for lien stripping.  This action demonstrates the…

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