Elmore Bankruptcy & Debt 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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2. Email
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Ryan Andrew Gustafson

Wills & Probate, Family Law, Corporate, Personal Injury

Status: In Good Standing Licensed: 13 Years

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117 W Fifth St, Blue Earth, MN 56013

Daniel Lee Lundquist

Family Law, Elder Law, Corporate, Personal Injury

Status: In Good Standing Licensed: 19 Years

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117 W Fifth St, Blue Earth, MN 56013

Douglas L Richards

General Practice

Status: Deceased Licensed: 47 Years

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1006 Highland Dr, Blue Earth, MN 56013

James L Beattie

Computer Law, Industry Specialties, Contract

Status: In Good Standing Licensed: 40 Years

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126 W. Second Street, Blue Earth, MN 56013

David Francis Frundt

Power of Attorney, Immigration, Wrongful Termination, Medical Malpractice, State and Local

Status: In Good Standing Licensed: 26 Years

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117 W 5Th Street, Blue Earth, MN 56013

Christopher John Ubben

Estate Planning, Real Estate

Status: In Good Standing Licensed: 11 Years

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117 W 5th St., Blue Earth, MN 56013

Bruce Elliot Sellers

Real Estate, Employment, Business, Accident & Injury

Status: In Good Standing Licensed: 23 Years

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825 E Second Street, Blue Earth, MN 56013

Troy Gene Timmerman

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 30 Years

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Blue Earth, MN 56013

Arvid L Wendland

General Practice

Status: In Good Standing Licensed: 59 Years

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216 North Main Street, Blue Earth, MN 56013

Robert L Hammond

General Practice

Status: Suspended Licensed: 49 Years

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123 W 7Th Street, Blue Earth, MN 56013

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LEGAL TERMS

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

Elmore Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Ryan Andrew Gustafson

Daniel Lee Lundquist

Douglas L Richards

James L Beattie

David Francis Frundt

Christopher John Ubben

Bruce Elliot Sellers

Troy Gene Timmerman

Arvid L Wendland

Robert L Hammond

TIPS

LEGAL TERMS

MEANS TEST

NONEXEMPT PROPERTY

FRATERNAL BENEFIT SOCIETY BENEFITS

FAIR CREDIT REPORTING ACT (FCRA)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

C CORPORATION

PRESUMED ABUSE

GRACE PERIOD

CREDIT FILE

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