Bigelow Bankruptcy & Debt Lawyer, Minnesota

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Bethany Danner
About | Practice Areas
Morris Law Group PA
7380 France Ave S. Suite 250 Edina, MN 55435» view map
Bankruptcy & Debt
We Are Experts In What We Do

Whether it’s your home or business, you are important to us. Reach out today to set up a meeting with one of our experienced Edina lawyers.

952-832-2000
1. Bethany Danner Edina, MN
  Attorney at Law- MN, 2015
2. AboutMorris Law Group PA
  We Are Experts In What We Do
3. Practice AreasExpertise
  Bankruptcy & Debt
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Not enough matches for Bigelow Bankruptcy & Debt lawyer.
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Andrew M. Titus

Criminal, Traffic, Divorce & Family Law, Estate, Lawsuit & Dispute

Status: In Good Standing Licensed: 21 Years

FREE CONSULTATION

CONTACT

1008 4th Avenue, Worthington, MN 56187

Jesse Aaron Flynn

Commercial Real Estate, Wills, Wills & Probate, Estate

Status: In Good Standing Licensed: 17 Years

CONTACT

912 Third Ave, Worthington, MN 56187

Harris I Darling

General Practice

Status: In Good Standing Licensed: 60 Years

CONTACT

912 Third Ave, Worthington, MN 56187

Andrew E Hagemann

Commercial Real Estate, Real Estate, Estate Planning

Status: In Good Standing Licensed: 54 Years

CONTACT

906 Third Ave, Worthington, MN 56187

James E. Malters

Civil & Human Rights, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

727 Oxford Street, Worthington, MN 56187

Aaron Mitchell Kinser

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 15 Years

CONTACT

1321 Smith Ave, Worthington, MN 56187

Bruce Norman Kness

General Practice

Status: Suspended Licensed: 34 Years

CONTACT

1020 5Th Avenue, Worthington, MN 56187

William Joseph Wetering

Estate, Child Custody, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 37 Years

CONTACT

1206 Oxford Street, Worthington, MN 56187

Margaret K Erickson

General Practice

Status: In Good Standing Licensed: 42 Years

CONTACT

P.O. Box 786, Worthington, MN 56187

Todd D Ahlquist

General Practice

Status: In Good Standing Licensed: 43 Years

CONTACT

Worthington, MN 56187

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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Bigelow Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Andrew M. Titus

Jesse Aaron Flynn

Harris I Darling

Andrew E Hagemann

James E. Malters

Aaron Mitchell Kinser

Bruce Norman Kness

William Joseph Wetering

Margaret K Erickson

Todd D Ahlquist

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

PREFERENCE

WORKOUT

PRESUMED ABUSE

DEBIT CARD

REAFFIRMATION

INTEREST

GENERAL PARTNER

CHAPTER 7 BANKRUPTCY

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