Rothsay 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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Jessica M. Hibl

Real Estate, Divorce & Family Law, Criminal, Business

Status: In Good Standing Licensed: 13 Years

CONTACT

31 Tenth Ave SW, Pelican Rapids, MN 56572

Charles A Krekelberg

Landlord-Tenant, Defect and Lemon Law, Social Security, Labor Law

Status: Retired Licensed: 47 Years

CONTACT

10 North Broadway, Pelican Rapids, MN 56572

Tracey Rae Lindberg

Real Estate, Divorce & Family Law, Business, Accident & Injury

Status: In Good Standing Licensed: 36 Years

CONTACT

10 N. Broadway, Pelican Rapids, MN 56572

John Innes Allen

General Practice

Status: In Good Standing Licensed: 36 Years

CONTACT

407 Ninth St SE, Barnesville, MN 56514

Daniel Scott Palter

General Practice

Status: In Good Standing Licensed: 52 Years

CONTACT

Pelican Rapids, MN 56572

Kyle Lynn Carlson

General Practice

Status: In Good Standing Licensed: 26 Years

CONTACT

Barnesville, MN 56514

Michael James Gieseke

Real Estate, Divorce, DUI-DWI, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

55 2Nd Avenue S.W., Barnesville, MN 56514

William James Violet

General Practice

Status: In Good Standing Licensed: 26 Years

CONTACT

27708 88Th Avenue South, Hawley, MN 56549

Elizabeth Marie Hernandez

General Practice

Status: In Good Standing Licensed: 20 Years

CONTACT

23716 Stony Bar Circle, Pelican Rapids, MN 56572

Elizabeth Marie Hernandez

General Practice

Status: In Good Standing Licensed: 20 Years

CONTACT

23716 Stony Bar Circle, Pelican Rapids, MN 56572

800-923-0641

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LEGAL TERMS

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

CREDITOR

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

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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Rothsay Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Jessica M. Hibl

Charles A Krekelberg

Tracey Rae Lindberg

John Innes Allen

Daniel Scott Palter

Kyle Lynn Carlson

Michael James Gieseke

William James Violet

Elizabeth Marie Hernandez

Elizabeth Marie Hernandez

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LEGAL TERMS

PRESUMED ABUSE

SUBROGATION

COLLATERAL

MEANS TEST

CREDITOR

S CORPORATION

NONDISCHARGEABLE DEBTS

DEBT COLLECTOR

AUTOMATIC STAY

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