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Norman County, MN Bankruptcy & Debt Lawyers

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1-6 of 6 matches. Page 1 of 1  

Cynthia Ann Julin

Real Estate, Lawsuit & Dispute, Government, Estate
Status:  In Good Standing           Licensed:  11 Years
CONTACT
318 E. Main Street, Ada, MN 56510
Profile LAWPOINTS™34/100
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Mark R. Hellerud

Lawsuit & Dispute, Criminal, Civil & Human Rights, Accident & Injury
Status:  In Good Standing           Licensed:  41 Years
CONTACT
12 Third Ave E, Ada, MN 56510
Profile LAWPOINTS™24/100
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Susan Rantala Nelson

General Practice
Status:  Inactive           Licensed:  38 Years
CONTACT
2315 250Th Street, Ada, MN 56510
Profile LAWPOINTS™17/100
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James David Brue

General Practice
Status:  In Good Standing           Licensed:  17 Years
CONTACT
16 3Rd Avenue E., Ada, MN 56510
Profile LAWPOINTS™12/100
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Thomas A Opheim

General Practice
Status:  Suspended           Licensed:  49 Years
CONTACT
503 Lily Lane, Ada, MN 56510
Profile LAWPOINTS™12/100
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Mark R Hellerud

General Practice
Status:  In Good Standing           Licensed:  41 Years
CONTACT
Ada, MN 56510
Profile LAWPOINTS™12/100
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Lawyer.com can help you easily and quickly find Minnesota Bankruptcy & Debt Lawyers and Minnesota Bankruptcy & Debt Law Firms. Find Bankruptcy & Debt attorneys by major city or select a city from the list of all Minnesota cities. Alternatively you can search for Bankruptcy & Debt attorneys for all Minnesota cities or search by county. You may also also find it useful to refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)
An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

COLLATERAL

Property that guarantees payment of a secured debt.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)
Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

LIQUIDATING PARTNER

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

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)
A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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