Lowry 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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2. Email
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James Pierce Peters

Employment

Status: In Good Standing Licensed: 38 Years

CONTACT

460 Franklin St, Glenwood, MN 56334

James Pierce Peters

Employment

Status: In Good Standing Licensed: 38 Years

CONTACT

460 Franklin St, Glenwood, MN 56334

Todd Guy Roth

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

7411 County Road 21 S.W., Alexandria, MN 56308

Todd Guy Roth

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

7411 County Road 21 S.W., Alexandria, MN 56308

Nan Irene Haggerty

General Practice

Status: In Good Standing Licensed: 24 Years

CONTACT

19725 Sunny Ln, Starbuck, MN 56381

Andrew James Zenk

Government, Employment

Status: In Good Standing Licensed: 18 Years

CONTACT

30 Minnesota Ave. E, Glenwood, MN 56334

Troy Ethan Nelson

Landlord-Tenant, Wills & Probate, Divorce, Contract

Status: In Good Standing Licensed: 10 Years

CONTACT

605 Lakeshore Dr S, Glenwood, MN 56334

Marc William Sugden

Real Estate, Government, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

203 22Nd Ave W, Alexandria, MN 56308

Christopher William Huether

Litigation, Agriculture, Business, Collection, Bankruptcy

Status: In Good Standing

CONTACT

2304 South Broadway Street, Alexandria, MN 56308

Charles Martin Good

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

Status: In Good Standing Licensed: 15 Years

CONTACT

203 22Nd Ave W, Alexandria, MN 56308

800-923-0641

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

FCRA

See Fair Credit Reporting Act.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

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Lowry Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

James Pierce Peters

James Pierce Peters

Todd Guy Roth

Todd Guy Roth

Nan Irene Haggerty

Andrew James Zenk

Troy Ethan Nelson

Marc William Sugden

Christopher William Huether

Charles Martin Good

TIPS

LEGAL TERMS

CREDITOR

MEANS TEST

401(K) PLAN

FCRA

DISCHARGE (OF DEBTS)

GRACE PERIOD

DOING BUSINESS AS (DBA)

BULK SALES LAW

PREFERENCE

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