Loman 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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Molly J. French

Government, Employment, Family Law, Divorce & Family Law

Status: In Good Standing

CONTACT

345 6th Avenue, International Falls, MN 56649

Megan Dyan Bond

State and Local, Natural Resources, Environmental Law, Divorce & Family Law

Status: In Good Standing Licensed: 10 Years

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International Falls, MN 56649

Joseph M Boyle

Child Custody, Criminal, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 51 Years

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210 Shorewood Drive, International Falls, MN 56649

Jerrod A. Shermoen

Family Law, Education, Personal Injury, Criminal, Employment

Status: In Good Standing Licensed: 27 Years

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345 6Th Avenue, International Falls, MN 56649

Michael A. Jaksa

Workers' Compensation, Personal Injury, Mesothelioma

Status: In Good Standing Licensed: 42 Years

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345 6Th Avenue, International Falls, MN 56649

Jerrod Anthony Shermoen

Family Law, Education, Personal Injury, Criminal, Employment

Status: In Good Standing

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345 6Th Avenue, International Falls, MN 56649

Steven A Nelson

Family Law, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 52 Years

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210 Fourth Avenue, International Falls, MN 56649

Steven M Shermoen

General Practice

Status: In Good Standing Licensed: 48 Years

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501 Fourth Street, International Falls, MN 56649

Molly Jo French

Criminal

Status: In Good Standing Licensed: 17 Years

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715 4Th Street, International Falls, MN 56649

Daniel Lee Griffith

Motor Vehicle, Estate, Child Custody, Divorce & Family Law

Status: In Good Standing Licensed: 32 Years

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343 3Rd Street, International Falls, MN 56649

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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Loman Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Molly J. French

Megan Dyan Bond

Joseph M Boyle

Jerrod A. Shermoen

Michael A. Jaksa

Jerrod Anthony Shermoen

Steven A Nelson

Steven M Shermoen

Molly Jo French

Daniel Lee Griffith

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LEGAL TERMS

LIQUIDATING PARTNER

C CORPORATION

MEANS TEST

PREFERENCE

DOING BUSINESS AS (DBA)

GUARANTOR

FRAUDULENT TRANSFER

DEBIT CARD

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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