We are Minnesota’s Bankruptcy Law Firm

This is all we do. And we do it well.

Experience counts in bankruptcy law. And having filed more than 70,000 bankruptcy petitions since 1975, our knowledge is unsurpassed. No matter how desperate or complex your predicament, we have the expertise to give you the upper hand against unmanageable debt.

Jack Prescott

“Whatever your situation, there’s a way forward. Count on it.”

Absurdly high credit card financing rates…insanely high medical bills…deceptive loan practices. It’s no wonder so many people find themselves in debt they can’t get out of. The fact is, many lenders want you in debt, because that’s where they make the most money.

Fortunately, the law can provide relief. Moreover, filing for bankruptcy doesn’t need to be complicated. In fact, for many of our clients, meeting with someone to discuss their financial problems is the hardest part of the process. That’s why, in addition to being among Minnesota’s most experienced bankruptcy attorneys, we’re also the most understanding. Have a simple conversation with us and you’ll discover: We’re here to help, not to judge.

Prescott exists for one reason: to help even the odds against the forces that are preventing you from regaining control of your finances. Remember, the law is on your side, and there’s no shame in taking advantage of its protections. We can show you how. That’s what we do. In fact, it’s all we do. And – this is a promise – we do it well.

What we believe

  • You deserve a second chance.

    Everyone is vulnerable to financial hardship. That’s why bankruptcy law exists, and why we we’re here for you with decades of experience, knowledge and dedication. You deserve the opportunity to move beyond unmanageable debt, and we’ll do everything possible to give you a fresh start.
  • You deserve honest information

    Count on us always to be straight with you. Expect us to be honest and forthright in the advice we offer. And rely on us for 100% transparency in our fees. At a time like this, you need a partner you can trust, and we give you the best, most complete information to make informed decisions.
  • You deserve expert help.

    People who are at risk of losing everything need the best possible legal representation. We created our law firm to provide just that – at a price you can afford. That’s why we offer easy, convenient payment plans and other conveniences to all our clients.

Our Attorneys

Our founder, Jack Prescott, stood out in the field of bankruptcy law from the very beginning. Understanding his clients’ right to dignity and respect, he made a point of treating everyone as an equal. That conviction, combined with Jack’s mastery of the law, quickly made him one of Minnesota’s busiest bankruptcy attorneys. And as his business flourished, he joined forces with people who treated clients just as he did: with honesty, compassion, and unwavering dedication.

  • Richard Pearson Partner

    A graduate of the University of Minnesota and the William Mitchell College of Law, Dick has served clients at Prescott Pearson & Tande since 1981. He is a member both of the Minnesota Bar and the U.S. District Court District of Minnesota. He focuses 100% on consumer and small business bankruptcy.

  • Mattnew M. Tande Partner

    Matt graduated from the University of St. Thomas School of Law Magna Cum Laude in 2007. Following law school, he clerked for the Honorable Christopher Dietzen on the Minnesota Court of Appeals, and has been with us since 2010. He is a member both of the Minnesota Bar and the U.S. District Court District of Minnesota.

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Articles of interest

What is Bankruptcy?

Why You Need An Attorney To File Bankruptcy

Bankruptcy is both a very complex area of law, and very broad area of law. One of the reasons we enjoy practicing bankruptcy law (and why we’ve been in business for so long) is that bankruptcy touches on virtually all other areas of law – real estate, estate planning, contract, ERISA, worker’s compensation, personal injury, property, civil procedure, criminal law, family law, and many others. None of our clients presents a simple, textbook bankruptcy case.
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