Iron 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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Not enough matches for Iron Bankruptcy & Debt lawyer.
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Mary Irene Johnson

Divorce & Family Law, Child Custody, Family Law

Status: In Good Standing Licensed: 32 Years

CONTACT

208 S 5Th Ave, Virginia, MN 55792

Angela Erickson Sipila

Landlord-Tenant, Litigation, Family Law, Elder Law, Divorce & Family Law

Status: In Good Standing

CONTACT

412 First Street South, Virginia, MN 55792

Andrew Robert Peterson

Real Estate, Divorce, Criminal, Accident & Injury

Status: In Good Standing Licensed: 23 Years

CONTACT

300 South 5Th Avenue, Virginia, MN 55792

Alicia Lee Cope

Real Estate, Estate

Status: In Good Standing Licensed: 26 Years

CONTACT

415 S First St, Virginia, MN 55792

James R Cope

Mediation, Lawsuit & Dispute, Criminal, Accident & Injury

Status: In Good Standing Licensed: 37 Years

CONTACT

415 S First St, Virginia, MN 55792

Joseph Leoni

Litigation, Labor Law, Wrongful Death, Personal Injury, Car Accident

Status: In Good Standing

CONTACT

225 N First St, Virginia, MN 55792

Joseph F. Leoni

Mass Torts, Litigation, Labor Law, Criminal, Discrimination

Status: In Good Standing

CONTACT

225 N First St, Virginia, MN 55792

Erik John Honkanen

Child Custody

Status: In Good Standing Licensed: 17 Years

CONTACT

230 S First St, Virginia, MN 55792

John A Trenti

General Practice

Status: Deceased Licensed: 73 Years

CONTACT

225 North First St, Virginia, MN 55792

Sam A Aluni

Real Estate, Government, Civil & Human Rights, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

225 1St Street N., Virginia, MN 55792

800-923-0641

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

CCCS

See Consumer Credit Counseling Service.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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Iron Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Mary Irene Johnson

Angela Erickson Sipila

Andrew Robert Peterson

Alicia Lee Cope

James R Cope

Joseph Leoni

Joseph F. Leoni

Erik John Honkanen

John A Trenti

Sam A Aluni

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LEGAL TERMS

LIABILITY

PRESUMED ABUSE

TRADE NAME

CCCS

CHAPTER 7 BANKRUPTCY

FAIR CREDIT REPORTING ACT (FCRA)

SUBROGATION

SOLE PROPRIETORSHIP

CREDIT COUNSELING

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