Forest Lake Bankruptcy Lawyer, Minnesota, page 3

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

Mary Lockwood

Wills & Probate, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

2233 Hamline Ave N, Saint Paul, MN 55113

Daniel Andrew Batten

International Tax, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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2233 N. Hamline Avenue, Saint Paul, MN 55113

Joseph Anthony Wentzell

Litigation, Credit & Debt, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 42 Years

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2812 Anthony Ln S, Minneapolis, MN 55418

Carole Clark Isakson

Real Estate, Bankruptcy, Computer Law

Status: In Good Standing Licensed: 34 Years

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6160 Summit Drive, Minneapolis, MN 55402

John R. Stoebner

Bankruptcy, Real Estate, Landlord-Tenant, Commercial Real Estate

Status: In Good Standing Licensed: 42 Years

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120 So Sixth Street, Minneapolis, MN 55402

John K. Rossman

Litigation, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

150 South Fifth Street, Minneapolis, MN 55402

Michael R. Nixt

Corporate, Business Organization, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

150 South Fifth Street, Minneapolis, MN 55402

Sam Glover

Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

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125 Main Street Se, Minneapolis, MN 55414

Bonnie L. Wilkins

Bankruptcy, Bankruptcy Litigation, Commercial Bankruptcy, Commercial Real Estate

Status: Retired Licensed: 38 Years

CONTACT

470 Us Bank Plaza, Minneapolis, MN 55402

Rosanne H. Wirth

Trusts, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

120 South 6Th Street, Minneapolis, MN 55402

800-923-0641

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LEGAL TERMS

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after 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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

SAMPLE LEGAL CASES

Sitek v. Striker

... Approximately one month later, Striker filed for Chapter 7 bankruptcy. Sitek argues that the bankruptcy proceedings voided the notice of cancellation and prejudiced her ability to exercise her statutory rights to cure the default or enjoin cancellation. ...

Fast v. Fast

... debt. Following the marriage dissolution, respondent filed for chapter 7 bankruptcy. 11 USC ch. 7 (2006). Appellant was listed as a creditor in the bankruptcy proceedings along with the debt owed to Wells Fargo. Although ...

McIntosh Cty. Bank v. Dorsey & Whitney

... M & S filed for Chapter 7 bankruptcy relief in January 2002. ... The bankruptcy court dismissed 28 banks' claims for lack of subject matter jurisdiction, abstained from hearing the remaining participants' claims, and denied Dorsey's motion for summary judgment. ...

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Forest Lake Bankruptcy Lawyer, Minnesota, page 3

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Mary Lockwood

Daniel Andrew Batten

Joseph Anthony Wentzell

Carole Clark Isakson

John R. Stoebner

John K. Rossman

Michael R. Nixt

Sam Glover

Bonnie L. Wilkins

Rosanne H. Wirth

TIPS

LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

INTEREST

SETOFF

REAFFIRMATION

NONEXEMPT PROPERTY

DISPOSABLE INCOME

GUARANTOR

SECRET WARRANTY PROGRAM

401(K) PLAN

SAMPLE LEGAL CASES

Sitek v. Striker

Fast v. Fast

McIntosh Cty. Bank v. Dorsey & Whitney

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