Britt Reorganization 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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Mary Irene Johnson

Divorce & Family Law, Child Custody, Family Law

Status: In Good Standing Licensed: 32 Years

CONTACT

208 S 5Th Ave, Virginia, MN 55792

Angela Erickson Sipila

Landlord-Tenant, Litigation, Family Law, Elder Law, Divorce & Family Law

Status: In Good Standing

CONTACT

412 First Street South, Virginia, MN 55792

Andrew Robert Peterson

Real Estate, Divorce, Criminal, Accident & Injury

Status: In Good Standing Licensed: 23 Years

CONTACT

300 South 5Th Avenue, Virginia, MN 55792

Joseph Leoni

Litigation, Labor Law, Wrongful Death, Personal Injury, Car Accident

Status: In Good Standing

CONTACT

225 N First St, Virginia, MN 55792

Joseph F. Leoni

Mass Torts, Litigation, Labor Law, Criminal, Discrimination

Status: In Good Standing

CONTACT

225 N First St, Virginia, MN 55792

Alicia Lee Cope

Real Estate, Estate

Status: In Good Standing Licensed: 26 Years

CONTACT

415 S First St, Virginia, MN 55792

James R Cope

Mediation, Lawsuit & Dispute, Criminal, Accident & Injury

Status: In Good Standing Licensed: 37 Years

CONTACT

415 S First St, Virginia, MN 55792

John A Trenti

General Practice

Status: Deceased Licensed: 73 Years

CONTACT

225 North First St, Virginia, MN 55792

Erik John Honkanen

Child Custody

Status: In Good Standing Licensed: 17 Years

CONTACT

230 S First St, Virginia, MN 55792

Sam A Aluni

Real Estate, Government, Civil & Human Rights, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

225 1St Street N., Virginia, MN 55792

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a 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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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Britt Reorganization Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Mary Irene Johnson

Angela Erickson Sipila

Andrew Robert Peterson

Joseph Leoni

Joseph F. Leoni

Alicia Lee Cope

James R Cope

John A Trenti

Erik John Honkanen

Sam A Aluni

TIPS

LEGAL TERMS

COLLATERAL

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BANKRUPTCY

CHAPTER 13 BANKRUPTCY

CREDIT REPORT

PREFERENCE

CHAPTER 7 BANKRUPTCY

GUARANTEED RESERVATION

TRADE NAME

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