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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Amie B. Trupke

Environmental Law Other, Workers' Compensation, Bankruptcy, Products Liability

Status: Suspended Licensed: 22 Years

CONTACT

6293 Quail Ct, Oregon, WI 53575

Andrew Aaron Van Sickle

Government, Family Law, Bankruptcy, Accident & Injury

Status: Suspended Licensed: 28 Years

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733 James Ct, Pulaski, WI 54162

Anthony R. Varda

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 48 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Arthur A. Vogel

Environmental Law Other, Environmental Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

411 E Wisconsin Ave, Milwaukee, WI 53202

Bret G. Nason

Litigation, Consumer Protection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1344 Arbor Oaks Ln, Lancaster, WI 53813

Brian R. Wanasek

Government, Employee Rights, Criminal, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

133 S Pine St, Burlington, WI 53105

Bruce Tyler Hart

Bankruptcy, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing

CONTACT

504 Main St, La Crosse, WI 54602

Bryan D. Woods

Real Estate, Divorce & Family Law, Business, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Charles D. Heath

General Practice

Status: In Good Standing Licensed: 59 Years

CONTACT

La Crosse, WI 54602

Charles Dickinson Heath

General Practice

Status: In Good Standing Licensed: 59 Years

CONTACT

La Crosse, WI 54602

800-923-0641

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

... We review the report of the referee, John Murphy, recommending the court suspend Attorney Terrence Woods' license to practice law for a period of ninety (90) days for professional misconduct committed in the context of a bankruptcy proceeding and a divorce proceeding. ...

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

... A significant portion of her practice is apparently devoted to handling bankruptcies since she stated at the public hearing before the referee that she has handled between 1,000 and 1,200 bankruptcy cases since starting her practice. ...

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

... proceeding. 649 Â¶ 2 Attorney Jennings was admitted to practice law in Wisconsin in 1975. In May 1986 he was appointed to represent Milwaukee Cheese and Sheboygan Sausage in chapter 11 bankruptcy proceedings. Between ...

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Blue River Bankruptcy Lawyer, Wisconsin

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Amie B. Trupke

Andrew Aaron Van Sickle

Anthony R. Varda

Arthur A. Vogel

Bret G. Nason

Brian R. Wanasek

Bruce Tyler Hart

Bryan D. Woods

Charles D. Heath

Charles Dickinson Heath

TIPS

LEGAL TERMS

S CORPORATION

UNSECURED DEBT

LIABILITY

COLLATERAL

LIMITED LIABILITY

CHAPTER 13 BANKRUPTCY

LIMITED PARTNERSHIP

UNDUE HARDSHIP

GUARANTOR

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

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