Lakefield 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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Patrick K Costello

Estate Planning, International Tax, Elder Law, Personal Injury, Family Law

Status: In Good Standing

CONTACT

310 Main Street, Lakefield, MN 56150

Ashley Jean Pike Schmit

Agriculture, Wills & Probate, Elder Law, Contract

Status: In Good Standing Licensed: 11 Years

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603 Second Street, Jackson, MN 56143

Christophe A Butzon

Divorce & Family Law, Criminal, Divorce, Real Estate

Status: In Good Standing Licensed: 36 Years

CONTACT

603 Second St, Jackson, MN 56143

Christophe A Butzon

Agriculture, Family Law, Wills & Probate, Criminal, Estate

Status: In Good Standing

CONTACT

603 Second St, Jackson, MN 56143

Hans K Carlson

Other, Real Estate, Criminal, Business

Status: In Good Standing

CONTACT

603 Second Street, Jackson, MN 56143

Lachlan B Muir

Contract, Collection, Elder Law, Divorce, Wills & Probate

Status: In Good Standing Licensed: 40 Years

CONTACT

1100 Springfield Parkway, Jackson, MN 56143

Thomas James Prochazka

General Practice

Status: In Good Standing Licensed: 12 Years

CONTACT

405 Fourth Street, Jackson, MN 56143

Bradley W Anderson

Antitrust

Status: In Good Standing Licensed: 41 Years

CONTACT

Jackson, MN 56143

Sherry Elizabeth Haley

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

405 Fourth Street, Jackson, MN 56143

Darci Jo Bentz

Child Custody

Status: In Good Standing Licensed: 30 Years

CONTACT

405 4Th Street, Jackson, MN 56143

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

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.

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.

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.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

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Lakefield Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Patrick K Costello

Ashley Jean Pike Schmit

Christophe A Butzon

Christophe A Butzon

Hans K Carlson

Lachlan B Muir

Thomas James Prochazka

Bradley W Anderson

Sherry Elizabeth Haley

Darci Jo Bentz

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

ADMINISTRATIVE EXPENSES

FAIR CREDIT BILLING ACT (FCBA)

BULK SALES LAW

WINDING UP

SOLE PROPRIETORSHIP

CYBERSQUATTING

GENERAL PARTNER

LIMITED PARTNERSHIP

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