Salol 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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Kristy Rae Kjos

Criminal

Status: In Good Standing Licensed: 11 Years

CONTACT

606 Fifth Ave Sw, Roseau, MN 56751

Steven Axel Anderson

Lawsuit & Dispute, Criminal

Status: In Good Standing Licensed: 38 Years

CONTACT

115 Roberts Av Ne, Warroad, MN 56763

Steven Axel Anderson

Lawsuit & Dispute, Criminal

Status: In Good Standing Licensed: 38 Years

CONTACT

115 Roberts Av Ne, Warroad, MN 56763

Steven A Anderson

Personal Injury

Status: In Good Standing

CONTACT

900 3rd St SE, Roseau, MN 56751

Alan Bradley Fish

Real Estate, Wills & Probate, Workers' Compensation, Personal Injury

Status: In Good Standing

CONTACT

102 Second Avenue Northwest, Roseau, MN 56751

Steven Eric Huglen

Lawsuit & Dispute, Divorce & Family Law, Criminal, Business

Status: In Good Standing Licensed: 20 Years

CONTACT

304 Main Ave N, Roseau, MN 56751

Alan Bradley Fish

Government, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 31 Years

CONTACT

102 Second Avenue Northwest, Roseau, MN 56751

Patrick D Moren

Contract, Real Estate, Trusts, Personal Injury

Status: In Good Standing

CONTACT

309 3rd St NW, Roseau, MN 56751

Nora Linne Crumpton

Divorce, Divorce & Family Law

Status: In Good Standing Licensed: 13 Years

CONTACT

115 Roberts Avenue N.E., Warroad, MN 56763

Steven A. Anderson

Traffic, Personal Injury

Status: In Good Standing

CONTACT

115 Roberts Ave NE, Warroad, MN 56763

800-923-0641

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LEGAL TERMS

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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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Salol Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Kristy Rae Kjos

Steven Axel Anderson

Steven Axel Anderson

Steven A Anderson

Alan Bradley Fish

Steven Eric Huglen

Alan Bradley Fish

Patrick D Moren

Nora Linne Crumpton

Steven A. Anderson

TIPS

LEGAL TERMS

SECURED DEBT

DISPOSABLE INCOME

FDCPA

BULK SALES LAW

LIMITED PARTNERSHIP

NONEXEMPT PROPERTY

401(K) PLAN

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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