Janesville Bankruptcy & Debt Lawyer, Wisconsin

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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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Mark Bromley

Bankruptcy, Tax

Status: In Good Standing

CONTACT

W5838 Greening Rd., Whitewater, WI 53190

Vicki Schleisner

Power of Attorney, Wills & Probate, Estate, Juvenile Law, Consumer Bankruptcy

Status: In Good Standing

CONTACT

23 N Main St, Janesville, WI 53545

Stephanie Lynn Bravieri

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Landlord-Tenant

Status: In Good Standing Licensed: 16 Years

CONTACT

1 E Milwaukee St, Janesville, WI 53545

Jason Dewitt Buckner

Family Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

1 E Milwaukee St, Janesville, WI 53545

Matthew L. Frank

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 16 Years

CONTACT

1404 Creston Park Dr, Janesville, WI 53545

Joshua P. Grube

Other, Family Law, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

466 Midland Road, Janesville, WI 53546

Terrence T. Monahan

Government, Divorce, Divorce & Family Law, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

400 E Grand Ave, Beloit, WI 53511

Ami Orava

Criminal, Traffic, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 12 Years

CONTACT

400 E Grand Ave, Beloit, WI 53511

David Robert Westrick

Real Estate, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

93 N Main St, Fort Atkinson, WI 53538

800-923-0641

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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).

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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Janesville Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Mark Bromley

Vicki Schleisner

Stephanie Lynn Bravieri

Jason Dewitt Buckner

Matthew L. Frank

Joshua P. Grube

Terrence T. Monahan

Ami Orava

David Robert Westrick

TIPS

LEGAL TERMS

LIABILITY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

DISCHARGE (OF DEBTS)

ACCORD AND SATISFACTION

CREDIT REPORT

PRESUMED ABUSE

PRIORITY DEBT

S CORPORATION

IRS EXPENSES

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