Ellsworth Collection 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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Jeffrey L Haubrich

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

Status: In Good Standing Licensed: 25 Years

CONTACT

120 N Mckenzie, Luverne, MN 56156

Donald R Klosterbuer

Government, Divorce & Family Law

Status: In Good Standing Licensed: 48 Years

CONTACT

120 Mckenzie Street N, Luverne, MN 56156

Damon Thomas Eisma

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

130 East Main Street, Luverne, MN 56156

Benjamin Vanderkooi

General Practice

Status: In Good Standing Licensed: 46 Years

CONTACT

127 E Main Street, Luverne, MN 56156

Douglas E Eisma

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

130 East Main Street, Luverne, MN 56156

Paul Alan Vis

General Practice

Status: In Good Standing Licensed: 25 Years

CONTACT

130 East Main Street, Luverne, MN 56156

Jennifer Lynn Reinke

Real Estate, Lawsuit & Dispute, Government, Environmental Law

Status: In Good Standing Licensed: 16 Years

CONTACT

130 E Main Street, Luverne, MN 56156

Mortier B Skewes

General Practice

Status: Deceased Licensed: 92 Years

CONTACT

129 E Main, Luverne, MN 56156

Lyle Burdette Skalland

General Practice

Status: Suspended Licensed: 20 Years

CONTACT

105 E Main Street, Luverne, MN 56156

Robert G Tangeman

General Practice

Status: In Good Standing Licensed: 73 Years

CONTACT

700 Sw Park St, Luverne, MN 56156

800-923-0641

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

COLLATERAL

Property that guarantees payment of a secured debt.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

FCBA

See Fair Credit Billing Act.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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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Ellsworth Collection Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Jeffrey L Haubrich

Donald R Klosterbuer

Damon Thomas Eisma

Benjamin Vanderkooi

Douglas E Eisma

Paul Alan Vis

Jennifer Lynn Reinke

Mortier B Skewes

Lyle Burdette Skalland

Robert G Tangeman

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

COLLATERAL

INTEREST

BULK SALES LAW

FCBA

DISPOSABLE INCOME

FORBEARANCE

SUBROGATION

PREFERENCE

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