Houston County, MN Reorganization Lawyers

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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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Not enough matches for Houston Reorganization lawyer.
Below are all Houston lawyers.

Angela L. Machi

Divorce & Family Law

Status: In Good Standing Licensed: 41 Years

CONTACT

640 Shore Acres Rd, La Crescent, MN 55947

Jed Jacob Hammell

Landlord-Tenant, Divorce, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 15 Years

CONTACT

110 E Main St, Caledonia, MN 55921

Ross A. Phelps

Real Estate, Lawsuit & Dispute, Government, Accident & Injury

Status: In Good Standing Licensed: 58 Years

CONTACT

175 Green Apple Rd, La Crescent, MN 55947

Daniel B. Watson

Landlord-Tenant, Immigration, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 50 Years

CONTACT

338 Shore Acres Rd, La Crescent, MN 55947

Joseph L Hammell

Industry Specialties

Status: In Good Standing Licensed: 49 Years

CONTACT

6625 Whitetail Drive, Caledonia, MN 55921

Kelly Marie Iverson

General Practice

Status: In Good Standing Licensed: 24 Years

CONTACT

33 Walnut S, La Crescent, MN 55947

Michael Arnold Kruckow

General Practice

Status: Suspended Licensed: 11 Years

CONTACT

608 North Pine Street, Caledonia, MN 55921

Jamie Lee Hammell

Family Law, DUI-DWI

Status: In Good Standing Licensed: 21 Years

CONTACT

12601 Phillip Drive, Caledonia, MN 55921

Gregory B Schultz

Estate Planning, Family Law, Criminal, Consumer Bankruptcy, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

214 East Main Street, Caledonia, MN 55921

Caroll Ann Berndt

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

1408 Jonathan Lane, La Crescent, MN 55947

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

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.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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Houston County, MN Reorganization Lawyers

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Angela L. Machi

Jed Jacob Hammell

Ross A. Phelps

Daniel B. Watson

Joseph L Hammell

Kelly Marie Iverson

Michael Arnold Kruckow

Jamie Lee Hammell

Gregory B Schultz

Caroll Ann Berndt

TIPS

LEGAL TERMS

S CORPORATION

LIMITED PARTNERSHIP

PREFERENCE

BULK SALES LAW

AUTOMATIC STAY

WINDING UP

FAIR CREDIT BILLING ACT (FCBA)

CREDIT BUREAU

CHAPTER 7 BANKRUPTCY

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