Polk County, MN Credit & Debt Lawyers

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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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Skyler Brooke Johnson

Estate Planning, Elder Law, Criminal, Commercial Real Estate, Business

Status: In Good Standing Licensed: 11 Years

CONTACT

404 Fourth St. Nw, East Grand Forks, MN 56721

Patti Jo Jensen

Government, Child Custody, Divorce & Family Law, Accident & Injury, Divorce

Status: In Good Standing Licensed: 39 Years

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411 Second St NW, East Grand Forks, MN 56721

Skyler B. Johnson

Estate Planning, Elder Law, Criminal, Commercial Real Estate, Business

Status: In Good Standing Licensed: 11 Years

CONTACT

404 Fourth St. Nw, East Grand Forks, MN 56721

Jessica Dawn West

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

411 2Nd St. Nw, East Grand Forks, MN 56721

Gerard D Neil

Real Estate, Litigation, Estate, Corporate, Business

Status: In Good Standing Licensed: 43 Years

CONTACT

418 3Rd St Nw, East Grand Forks, MN 56721

Stephen Dale Larson

General Practice

Status: In Good Standing Licensed: 12 Years

CONTACT

201 N. Broadway, Crookston, MN 56716

David Allan Buehler

Commercial Real Estate, Estate Planning, Credit & Debt, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

Fosston, MN 56542

Stephen Dale Larson

General Practice

Status: In Good Standing Licensed: 12 Years

CONTACT

201 N. Broadway, Crookston, MN 56716

Stephanie J.S. Harbott

Estate Planning, Family Law, Criminal, Commercial Real Estate, Business

Status: In Good Standing Licensed: 23 Years

CONTACT

738 Groveland Avenue, Crookston, MN 56716

Jon K Sannes

Sexual Harassment, Adoption, Corporate, Car Accident

Status: In Good Standing

CONTACT

115 Vance Ave N, Erskine, MN 56535

800-923-0641

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LEGAL TERMS

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

SAMPLE LEGAL CASES

Baker v. Baker

... Id. Attorney Fees. In late 2003, the parties agreed that Dr. Baker would pay off approximately $43,500 of Ms. Baker's credit card debt. The debt included expenditures for the couple's home, groceries, and gifts for their children and grandchildren. ...

US FEDERAL CREDIT UNION v. STARS & STRIKES, LLC

... In 2005 and 2006, Stars & Strikes borrowed $8 million from US Federal Credit Union (USFCU). ... when USFCU foreclosed on its mortgages and bought all of the mortgaged property at a sheriff's foreclosure sale for $8,612,141.02, the amount of the business's outstanding debt. ...

ATLANTIC CREDIT & FINANCE v. DUSTRUDE

... On appeal, appellant contends that he is not required to pay the credit card debt because respondent violated the Truth In Lending Act (TILA), 15 USC Â§Â§ 1601-1667f (2000), by failing to follow a prescribed dispute-resolution procedure. ...

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Polk County, MN Credit & Debt Lawyers

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Skyler Brooke Johnson

Patti Jo Jensen

Skyler B. Johnson

Jessica Dawn West

Gerard D Neil

Stephen Dale Larson

David Allan Buehler

Stephen Dale Larson

Stephanie J.S. Harbott

Jon K Sannes

TIPS

LEGAL TERMS

C CORPORATION

DISCHARGEABLE DEBTS

LIMITED PARTNERSHIP

PRIORITY DEBT

CURRENT MONTHLY INCOME

PRESUMED ABUSE

COLLECTION AGENCY

CREDITOR

TRADE DRESS

SAMPLE LEGAL CASES

Baker v. Baker

US FEDERAL CREDIT UNION v. STARS & STRIKES, LLC

ATLANTIC CREDIT & FINANCE v. DUSTRUDE

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