Milwaukee Bankruptcy & Debt Lawyer, Wisconsin, page 3

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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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2. Email
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David M. Pietrek

Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

1830 W Mason St, Milwaukee, WI 53226

Kathryn Kay MacKenzie

Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Brent J. Berning

Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Ann R. Kramer

Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Andrew M. Golanowski

Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Lisa Lynn Ellmaurer

Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Joseph James Blaha

Motor Vehicle, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Felicia M. Petroff

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

2505 N Mayfair Rd, Milwaukee, WI 53226

Kristie A. Radloff

Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

11737 W North Ave, Milwaukee, WI 53226

James Gollnick

Collection

Status: In Good Standing Licensed: 10 Years

CONTACT

1100 Superior Ave E, Milwaukee, WI 53226

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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Milwaukee Bankruptcy & Debt Lawyer, Wisconsin, page 3

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

David M. Pietrek

Kathryn Kay MacKenzie

Brent J. Berning

Ann R. Kramer

Andrew M. Golanowski

Lisa Lynn Ellmaurer

Joseph James Blaha

Felicia M. Petroff

Kristie A. Radloff

James Gollnick

TIPS

LEGAL TERMS

401(K) PLAN

PRIORITY DEBT

SOLE PROPRIETORSHIP

REAFFIRMATION

SECURED DEBT

TOXIC TORT

ABUSE

PRESUMED ABUSE

UNSECURED DEBT

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