Correll 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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Carrie E Backman

Wills & Probate, Bankruptcy, Corporate, Agriculture

Status: In Good Standing Licensed: 2 Years

CONTACT

129 2Nd St Nw, Ortonville, MN 56278

Warrenn C Anderson

Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

215 Atlantic Avenue, Morris, MN 56267

Kevin Erwin Hansen

General Practice

Status: Suspended Licensed: 15 Years

CONTACT

2307 340Th Street, Madison, MN 56256

Brian E Wojtalewicz

Mass Torts, Wrongful Termination, DUI-DWI, Civil & Human Rights, Car Accident

Status: In Good Standing

CONTACT

139 N Miles St, Appleton, MN 56208

Roger V Crary

General Practice

Status: Deceased Licensed: 41 Years

CONTACT

145 E. Rooney Ave, Appleton, MN 56208

Jeffrey K. Day

General Practice

Status: Suspended Licensed: 31 Years

CONTACT

Appleton, MN 56208

Ronald R Frauenshuh

Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

129 Nw Second St, Ortonville, MN 56278

Joseph Peter Glasrud

General Practice

Status: In Good Standing Licensed: 13 Years

CONTACT

20 Second Street S.E., Ortonville, MN 56278

Joseph Peter Glasrud

General Practice

Status: In Good Standing Licensed: 13 Years

CONTACT

20 Second Street S.E., Ortonville, MN 56278

Kelsey Joy Stock

General Practice

Status: In Good Standing

CONTACT

25 Second Street N.W., Ortonville, MN 56278

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting 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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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Correll Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Carrie E Backman

Warrenn C Anderson

Kevin Erwin Hansen

Brian E Wojtalewicz

Roger V Crary

Jeffrey K. Day

Ronald R Frauenshuh

Joseph Peter Glasrud

Joseph Peter Glasrud

Kelsey Joy Stock

TIPS

LEGAL TERMS

CREDIT BUREAU

REAFFIRMATION

CHAPTER 13 BANKRUPTCY

CREDIT REPORT

SETOFF

BANKRUPTCY TRUSTEE

LIEN

GUARANTOR

UNDUE HARDSHIP

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