Foxhome Workout 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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Van R. Ellig

Environmental Law, Employment, Accident & Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

106 E Washington Avenue, Fergus Falls, MN 56537

Van R Ellig

Environmental Law, Employment, Accident & Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

106 E Washington Avenue, Fergus Falls, MN 56537

Joseph Richard Ellig

Immigration, Government

Status: In Good Standing Licensed: 17 Years

CONTACT

106 E Washington Ave, Fergus Falls, MN 56537

Michael Lee Walls

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

215 South Cascade Street, Fergus Falls, MN 56537

Robert L Russell

Divorce & Family Law, Consumer Rights, Business, Bankruptcy & Debt, Elder Law

Status: In Good Standing Licensed: 45 Years

CONTACT

220 W Washington Ave, Fergus Falls, MN 56537

Schan E Sorkness

Landlord-Tenant, Motor Vehicle, Employment, Divorce & Family Law

Status: In Good Standing Licensed: 36 Years

CONTACT

309 South Mill Street, Fergus Falls, MN 56537

Paul Steven Jensen

General Practice

Status: In Good Standing Licensed: 20 Years

CONTACT

125 S Mill St, Fergus Falls, MN 56537

John Allen Hatling

General Practice

Status: Deceased

CONTACT

1005 Pebble Lake Road, Fergus Falls, MN 56537

Rueben K Svingen

Other, Lawsuit & Dispute, Industry Specialties, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

125 South Mill Street, Fergus Falls, MN 56537

Margaret Louise Eriksson

General Practice

Status: In Good Standing Licensed: 36 Years

CONTACT

1145 Friberg Ave, Fergus Falls, MN 56537

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

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.

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.

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.

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Foxhome Workout Lawyer, Minnesota, page 3

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Van R. Ellig

Van R Ellig

Joseph Richard Ellig

Michael Lee Walls

Robert L Russell

Schan E Sorkness

Paul Steven Jensen

John Allen Hatling

Rueben K Svingen

Margaret Louise Eriksson

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

SUBROGATION

UNDUE HARDSHIP

LIMITED PARTNERSHIP

FAIR LABOR STANDARDS ACT (FLSA)

CHAPTER 13 BANKRUPTCY

PRESUMED ABUSE

FAIR CREDIT REPORTING ACT (FCRA)

LIMITED LIABILITY

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