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Minnesota's Bankruptcy Law Firm for More Than 35 Years

"This Is All We Do and We Do It Well."

Anyone can be so overwhelmed by debt that declaring bankruptcy becomes the only real option — even someone with a lot of money and even a major corporation like Lehman Brothers, which had more than $600 billion dollars in assets at the time of its filing.

It also has to be said that bankruptcy is not the right solution for everyone and that it cannot solve every type of debt problem.

Is Bankruptcy Right for You?

For more than three decades, individuals, families and small businesses have been turning to one Minnesota law firm for the honest answers and straightforward legal advice they need to know.

Welcome to Prescott & Pearson, P.A.

  • We know our business. In 1951, attorney Jack Prescott filed his first bankruptcy petition on behalf of a client. In 1975, seeing the growing need that Minnesota families and small businesses had for better legal service in this area, Jack Prescott made the decision to concentrate his practice solely on bankruptcy. In 1981, Dick Pearson began practicing in bankruptcy law and joined the firm in 1983. Today, over 70,000 successful bankruptcy petitions later — we remain just as committed to this work.
  • We know Minnesota. Bankruptcy is governed by federal laws that make the general rules and process relatively the same from one state to the next. Because of that, many "national bankruptcy law firms" have started looking for business everywhere, including Minnesota. While these firms may be able to learn our state's specific rules without too much trouble — they will never be able to match our local knowledge, or the credibility we've established with the bankruptcy judges, trustees and creditors' attorneys.
  • We know how to treat people. One of our biggest sources of new business has always been other law firms. In short, many of the people we've helped over the years have called us because the first law firm they went to for help didn't treat them right. At this law firm, no one is going to look down you, or make you feel like a moral failure or scold you ... for anything. Simply put, we'll treat you the way we'd want to be treated ourselves.

Call for a Free Consultation Today

Minneapolis-St. Paul Area: 651-968-8096
Minnesota Toll-Free: 888-366-0827

To learn more about your debt relief options, including Chapter 7 and Chapter 13 — call or contact our bankruptcy lawyers today. We offer free initial consultations, quality services at competitive rates and effective representation statewide.

Upcoming Seminars

  • May 20 th 2010
    Realtor Speaker Series:
    Short Sale/Foreclosure Discussion and Bankruptcy Q&A
  • April 6 th, 2010
    Minnesota State Bar CLE
    Consumer Bankruptcy Basics; Client Interview and Pre-Petition Advice
  • October 6 th, 2009
    Minnesota State Bar Association CLE and the Bankruptcy Section of the MSBA
    2009 Bankruptcy Institute: Bankruptcy 101; Bailout of the Financially Distressed Individual Debtor
  • August 19 th, 2009
    February 26, 2009 and June 16, 2008: Minnesota State Bar Association CLE Consumer Bankruptcy Basics; Client Interview and Pre-Petition Advice
  • December 18 th, 2007
    Minnesota State Bar Association CLE
    Bankruptcy Series: Reaffirmations
  • October 6 th, 2006
    Minnesota State Bar Associations CLE and the Bankruptcy Section of the MSBA
    2006 Bankruptcy Institute: Chapter 7 issues under the New Act
  • May 8 th, 2006
    Minnesota State Bar Association CLE
    Bankruptcy Reform 2006: Means Testing: Debtor's Perspective
  • June 20 th, 2005
    Minnesota State Bar Association CLE
    Bankruptcy Reform 2005; Professionalism in Consumer Bankruptcy Practice, Means Testing: Debtor's Perspective, Changes in Exemptions
  • September 12 th, 2005
    Minnesota State Bar Association CLE and the Bankruptcy Section of the MSBA
    2005 Bankruptcy Institute: Chapter 7 Bankruptcy Reform and the Everyday Practitioner
  • September 23 rd, 2004
    Minnesota State Bar Association CLE and the Bankruptcy Section of the MSBA
    2004 Bankruptcy Institute: Getting Paid in Bankruptcy Cases
  • March 9 th, 2004
    Minnesota State Bar Association CLE
    Bankruptcy Basics: Initial Interview and Pre-Petition Advice

Contact Us

Prescott & Pearson, P.A.
443 Old Highway 8 Northwest
Suite 208
New Brighton, MN 55112
Phone: 651-968-8096
Toll Free: 888-366-0827
Fax: 651-633-7562
E-Mail Us / Get Driving Directions

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