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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

G. Martin Johnson

Bankruptcy, Business Organization, Estate Planning, Wills & Probate

Status: In Good Standing

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12400 Portland Avenue, Burnsville, MN 55337

Richard J. Haefele

Litigation, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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1059 Stoughton Avenue, Chaska, MN 55318

David K. Snyder

Business, Real Estate, Municipal, Bankruptcy

Status: In Good Standing

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56 East Broadway Avenue, Forest Lake, MN 55025

Earl H. Cohen

Commercial Real Estate, International Tax, Estate Planning, Criminal, Bankruptcy

Status: In Good Standing

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

T. Jay Salmen

Bankruptcy, Corporate, Business Organization

Status: In Good Standing

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

Matthew A. Drewes

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

Status: In Good Standing

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3600 American Boulevard West, Minneapolis, MN 55431

Cass S. Weil

Banking & Finance, Bankruptcy, Credit & Debt

Status: In Good Standing

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4800 Wells Fargo Center, 90 South Seventh 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

Melissa J. Chawla

Farms, Family Law, Adoption, Dissolution

Status: In Good Standing

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121 South 8th Street, Minneapolis, MN 55402

James A. Rubenstein

Corporate, Banking & Finance, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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4800 Wells Fargo Center, 90 South Seventh Street, Minneapolis, MN 55402

800-923-0641

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LEGAL TERMS

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

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).

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.

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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Minneapolis Bankruptcy Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

G. Martin Johnson

Richard J. Haefele

David K. Snyder

Earl H. Cohen

T. Jay Salmen

Matthew A. Drewes

Cass S. Weil

Richard J. Fuller

Melissa J. Chawla

James A. Rubenstein

TIPS

LEGAL TERMS

UNDUE HARDSHIP

TRADE NAME

PRIORITY DEBT

GUARANTOR

GARNISHMENT

LOSS DAMAGE WAIVER (LDW)

S CORPORATION

CREDIT REPORT

COSIGNER

SAMPLE LEGAL CASES

Sitek v. Striker

Fast v. Fast

McIntosh Cty. Bank v. Dorsey & Whitney

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