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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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Ryan Dale Peterson

✓ VERIFIED

Credit & Debt, Collection, Landlord-Tenant, Identity Theft

Ryan Peterson is a former debt collection attorney turned consumer rights expert and advocate. After graduating from William Mitchell law school in 20... (more)

CONTACT

612-367-6568

5201 Eden Avenue, Edina, MN 55436

Andrew Brian Kalis

Estate Planning, Workers' Compensation, Family Law, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

8401 Wayzata Boulevard, Minneapolis, MN 55426

Craig A.B. Freeman

Collection, Construction, Construction Liens

Status: In Good Standing

CONTACT

6900 Wedgwood Road, Osseo, MN 55311

Paul E. Overson

Estate Planning, Corporate, Business Organization, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

8681 Eagle Point Blvd, Lake Elmo, MN 55042

Timothy J. Nolan

Contract, Collection, Environmental Law Other, Construction

Status: In Good Standing

CONTACT

100 West Franklin Avenue, Minneapolis, MN 55404

Erik F. Hansen

Corporate, Business Organization, Collection, Bankruptcy Litigation

Status: In Good Standing

FREE CONSULTATION

CONTACT

8401 Wayzata Boulevard, Minneapolis, MN 55426

Patrick Joseph Helwig

Commercial Real Estate, Consumer Rights, Commercial Banks, Collection, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

90 S 7Th St, Minneapolis, MN 55415

Richard A. Glassman

Real Estate, Corporate, Business, Collection

Status: In Good Standing Licensed: 42 Years

CONTACT

222 South Ninth Street, Minneapolis, MN 55402

Barton C. Gernander

Class Action, Contract, Franchising, Business Organization, Collection

Status: In Good Standing Licensed: 28 Years

CONTACT

8401 Wayzata Blvd, Minneapolis, MN 55426

Michael T. Kallas

Estate Planning, Corporate, Business Organization, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

4601 Excelsior Blvd, Minneapolis, MN 55416

800-923-0641

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Minneapolis Collection Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Ryan Dale Peterson

Andrew Brian Kalis

Craig A.B. Freeman

Paul E. Overson

Timothy J. Nolan

Erik F. Hansen

Patrick Joseph Helwig

Richard A. Glassman

Barton C. Gernander

Michael T. Kallas

TIPS

LEGAL TERMS

COLLATERAL

REAFFIRMATION

GENERAL PARTNER

GUARANTOR

CHAPTER 7 BANKRUPTCY

ABUSE

LIMITED LIABILITY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

WINDING UP

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