Monticello Bankruptcy & Debt Lawyer, Minnesota, page 2

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Caitlin Edna O'Rourke

Family Law, Divorce & Family Law, Bankruptcy, Slip & Fall Accident
Status:  In Good Standing           Licensed:  16 Years

Katie Marie Jendro

Estate, Divorce & Family Law, Banking & Finance, Bankruptcy & Debt, Car Accident
Status:  In Good Standing           Licensed:  18 Years

Kirkland W. Garey

Real Estate, Lawsuit & Dispute, Estate, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  42 Years

Casey Britt Knollmaier

Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  15 Years

Casey Britt Knollmaier

Business, Bankruptcy & Debt
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Tim Theisen

Foreclosure, Bankruptcy, Bankruptcy & Debt, Household Mold
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Mark H.B. Williamson

Merger & Acquisition, Public Offerings, Lending, Credit & Debt
Status:  In Good Standing           Licensed:  37 Years

William J Schroeder

Real Estate, Wills & Probate, Trusts, Credit & Debt
Status:  In Good Standing           Licensed:  46 Years

Wesley William Scott

Power of Attorney, Traffic, Criminal, Civil & Human Rights, Bankruptcy
Status:  In Good Standing           Licensed:  28 Years

Craig T. Dokken

Construction, Corporate, Banking & Finance, Collection
Status:  In Good Standing           Licensed:  37 Years

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)
Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)
A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

CCCS

See Consumer Credit Counseling Service.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for 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.