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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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Farhan Hassan

Traffic, Divorce, DUI-DWI, Collection

Status: In Good Standing

CONTACT

2305 Waters Drive, Saint Paul, MN 55120

Steven Lawrence Schechtman

Estate Planning, Family Law, Civil Rights, Collection, Divorce

Status: In Good Standing Licensed: 38 Years

CONTACT

17800 Excelsior Blvd, Minnetonka, MN 55345

Dana K. Nyquist

Corporate, Business Organization, Banking & Finance, Collection

Status: In Good Standing Licensed: 30 Years

CONTACT

4040 Nicols Rd, Saint Paul, MN 55122

Charles Shreffler

Employment, Corporate, Business, Collection

Status: In Good Standing

CONTACT

816 Dodd Road, Saint Paul, MN 55118

Daniel Witt Fram

Litigation, Collection, Business, Public Finance

Status: In Good Standing

CONTACT

55 East Fifth Street, Saint Paul, MN 55101

Steven H. Bruns

Litigation, Collection, Real Estate

Status: In Good Standing

CONTACT

55 East Fifth Street, Saint Paul, MN 55101

Truman Wallace Schabilion

Credit & Debt, Litigation, Collection, Workout, Children's Rights

Status: In Good Standing

CONTACT

332 Minnesota Street, Saint Paul, MN 55101

Kevin K. Shoeberg

Corporate, Contract, Business Organization, Collection, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

1805 Woodlane Dr, Saint Paul, MN 55125

Timothy A. Quarberg

Banking & Finance, Corporate, Business Organization, Collection

Status: In Good Standing Licensed: 31 Years

CONTACT

363 5Th Avenue North, Bayport, MN 55003

800-923-0641

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LEGAL TERMS

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.'

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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).

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.

Minneapolis Collection Lawyer, Minnesota, page 4

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Farhan Hassan

Steven Lawrence Schechtman

Dana K. Nyquist

Charles Shreffler

Daniel Witt Fram

Steven H. Bruns

Truman Wallace Schabilion

Kevin K. Shoeberg

Timothy A. Quarberg

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

BULK SALES LAW

LOSS DAMAGE WAIVER (LDW)

ACCORD AND SATISFACTION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

PREFERENCE

LIEN

PRIORITY DEBT

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