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Bethany Danner
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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 A. Schoenfeldt

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Criminal, Accident & Injury, Car Accident, Divorce & Family Law, Bankruptcy & Debt

Are you facing criminal charges, whether a misdemeanor or felony, in or around Milwaukee, Waukesha, Racine, Kenosha, or elsewhere in Wisconsin? You sh... (more)

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414-272-2860

230 West Wells Street, Milwaukee, WI 53203

Jeremy T.C. Wenzel

Freedom of Information, Voting Rights, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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735 W. Wisconsin Avenue, Milwaukee, WI 53233

J. Paul Neumeier

Corporate, Business Organization, Commercial Real Estate, Credit & Debt

Status: In Good Standing

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Two Plaza East, 330 East Kilbourn Avenue, Milwaukee, WI 53202

Benjamin A. Menzel

Collection, Construction Liens, Pension & Benefits, Labor Law

Status: In Good Standing

FREE CONSULTATION

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1555 N. River Center Dr., Milwaukee, WI 53212

Tamara N. Jackson

Estate Planning, Family Law, Elder Law, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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2200 N. Mayfair Road, Milwaukee, WI 53226

Yanira Gonzalez Fernandini

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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626 East Wisconsin Ave., Milwaukee, WI 53202

Christine Kapsos

Real Estate, Credit & Debt, Bankruptcy, Legal Malpractice

Status: In Good Standing

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3216 South 92nd St., Milwaukee, WI 53227

John Krawczyk

Americans with Disabilities Act , Commercial Banks, Credit & Debt, Directors & Officers

Status: In Good Standing

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16650 W. Bluemound Rd., Brookfield, WI 53005

Brian A. Romans

Contract, Credit & Debt, Estate Administration, Land Use & Zoning

Status: In Good Standing

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N94 W17900 Appleton Avenue, Menomonee Falls, WI 53051

Beth M Brockmeyer

Commercial Bankruptcy, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing

CONTACT

N14 W24200 Tower Place, Waukesha, WI 53188

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

Milwaukee Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Mark A. Schoenfeldt

Jeremy T.C. Wenzel

J. Paul Neumeier

Benjamin A. Menzel

Tamara N. Jackson

Yanira Gonzalez Fernandini

Christine Kapsos

John Krawczyk

Brian A. Romans

Beth M Brockmeyer

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LEGAL TERMS

LIQUIDATING PARTNER

SOLE PROPRIETORSHIP

SETOFF

LIEN

COSIGNER

WORKOUT

S CORPORATION

UNSECURED DEBT

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