Fergus Falls Bankruptcy & Debt Lawyer, Minnesota, page 4

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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 Fergus Falls Bankruptcy & Debt lawyer.
Below are all Fergus Falls lawyers.

Margaret Louise Eriksson

General Practice

Status: In Good Standing Licensed: 36 Years

CONTACT

1145 Friberg Ave, Fergus Falls, MN 56537

Debra Ferguson

General Practice

Status: Inactive Licensed: 39 Years

CONTACT

2830 Lakewood Drive, Fergus Falls, MN 56537

Penn Charles Brandborg

Commercial Real Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

315 S Mill, Fergus Falls, MN 56537

David H Nycklemoe

General Practice

Status: Retired Licensed: 61 Years

CONTACT

106 E Washington Avenue, Fergus Falls, MN 56537

David F Lundeen

International, Government, Estate, Civil Rights

Status: In Good Standing Licensed: 67 Years

CONTACT

107 North Court Street, Fergus Falls, MN 56537

Sarah Ruth Cheshire

Estate, Divorce & Family Law, Civil & Human Rights

Status: Deceased Licensed: 22 Years

CONTACT

105 West Lincoln Avenue, Fergus Falls, MN 56537

H M Kershner

Business, Accident & Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

110 North Mill Street, Fergus Falls, MN 56537

Matthew John Olsen

General Practice

Status: In Good Standing Licensed: 14 Years

CONTACT

215 So Cascade Street, Fergus Falls, MN 56538

Sarah Catherine Duffy

Industry Specialties, Government, Employment

Status: In Good Standing Licensed: 12 Years

CONTACT

110 North Mill Street, Fergus Falls, MN 56537

Lois E Josefson

General Practice

Status: In Good Standing Licensed: 46 Years

CONTACT

506 So Union Avenue, Fergus Falls, MN 56537

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Fergus Falls Bankruptcy & Debt Lawyer, Minnesota, page 4

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Margaret Louise Eriksson

Debra Ferguson

Penn Charles Brandborg

David H Nycklemoe

David F Lundeen

Sarah Ruth Cheshire

H M Kershner

Matthew John Olsen

Sarah Catherine Duffy

Lois E Josefson

TIPS

LEGAL TERMS

REPOSSESSION

LIABILITY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DISPOSABLE INCOME

CHAPTER 7 BANKRUPTCY

FAIR CREDIT REPORTING ACT (FCRA)

HOUSEHOLDER

BULK SALES LAW

WINDING UP

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