Minneapolis Bankruptcy & Debt Lawyer, Minnesota, page 2

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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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T. Jay Salmen

Bankruptcy, Corporate, Business Organization

Status: In Good Standing

CONTACT

470 U.S. Bank Plaza, 200 South 6th Street, Minneapolis, MN 55402

Richard J. Fuller

Banking & Finance, Bankruptcy, Consumer Protection, Credit & Debt

Status: In Good Standing

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1700 U.S. Bank Plaza South, 220 South Sixth Street, Minneapolis, MN 55402

Richard J. Fuller

Corporate, Consumer Bankruptcy, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing

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1700 U.S. Bank Plaza South, 220 South Sixth Street, Minneapolis, MN 55402

John (Jack) DeWalt

Adoption, Farms, Dissolution, Estate Planning

Status: In Good Standing

CONTACT

121 South 8th Street, Minneapolis, MN 55402

Vicki J. Lunde

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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4725 Excelsior Boulevard, Minneapolis, MN 55416

David A. Pyles

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

4725 Excelsior Boulevard, Minneapolis, MN 55416

Andrew Brian Kalis

Estate Planning, Workers' Compensation, Family Law, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

8401 Wayzata Boulevard, Minneapolis, MN 55426

Christopher Thomas Sorce

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

1781 West County Road B, Saint Paul, MN 55113

Amy B. Norberg

Bankruptcy, Criminal, Farms, Divorce

Status: In Good Standing

CONTACT

2151 North Hamline Ave, Saint Paul, MN 55113

Matthew A. Drewes

Construction, Family Law, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

3600 American Boulevard West, Minneapolis, MN 55431

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LEGAL TERMS

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.

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.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Minneapolis Bankruptcy & Debt Lawyer, Minnesota, page 2

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

T. Jay Salmen

Richard J. Fuller

Richard J. Fuller

John (Jack) DeWalt

Vicki J. Lunde

David A. Pyles

Andrew Brian Kalis

Christopher Thomas Sorce

Amy B. Norberg

Matthew A. Drewes

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LEGAL TERMS

IRS EXPENSES

WORKOUT

ACCORD AND SATISFACTION

FRAUDULENT TRANSFER

DOING BUSINESS AS (DBA)

INTEREST

COLLATERAL

UNDUE HARDSHIP

DISCHARGEABLE DEBTS

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