Cleveland Bankruptcy & Debt Lawyer, Minnesota, page 2

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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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Robert J Winzenburg

Real Estate, Bankruptcy, Trusts, Traffic

Status: In Good Standing Licensed: 45 Years

CONTACT

733 Range Street, Mankato, MN 56002

Andrea Lieser

Collection, Personal Injury, Estate Planning, Dispute Resolution

Status: In Good Standing

CONTACT

201 North Broad Street, Mankato, MN 56002

Jorun Groe Meierding

Real Estate, Federal Appellate Practice, Estate Planning, Bankruptcy

Status: In Good Standing

CONTACT

201 North Broad Street, Mankato, MN 56002

Jessica Ann Frein

Estate Planning, Environmental Law Other, Securities, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

111 South 2Nd Street, Mankato, MN 56001

Randy J Zellmer

Estate Planning, Environmental Law Other, Securities, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

111 South 2Nd Street, Mankato, MN 56001

Mark C Halverson

Transportation & Shipping, Bankruptcy, Trusts

Status: In Good Standing Licensed: 44 Years

CONTACT

Mankato, MN 56002

Charles Trong Nguyen

General Practice

Status: In Good Standing Licensed: 7 Years

CONTACT

11 Civic Center Plaza, Mankato, MN 56001

Stephen John Behm

Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

403 S Broad St, Mankato, MN 56002

Kimberly Anne Literovich

Commercial Real Estate, Estate, Corporate, Collection

Status: In Good Standing Licensed: 19 Years

CONTACT

100 Warren St, Mankato, MN 56001

Halverson Law Office

Bankruptcy, Real Estate

Status: In Good Standing

CONTACT

600 S 2Nd St, Mankato, MN 56001

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

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 BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Cleveland Bankruptcy & Debt Lawyer, Minnesota, page 2

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Robert J Winzenburg

Andrea Lieser

Jorun Groe Meierding

Jessica Ann Frein

Randy J Zellmer

Mark C Halverson

Charles Trong Nguyen

Stephen John Behm

Kimberly Anne Literovich

Halverson Law Office

TIPS

LEGAL TERMS

REPOSSESSION

NO-FAULT INSURANCE

WINDING UP

WORKOUT

SOLE PROPRIETORSHIP

CHAPTER 13 BANKRUPTCY

CREDIT BUREAU

MEETING OF CREDITORS

SUBROGATION

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