Polk County, MN Credit & Debt Lawyers, page 2

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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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Not enough matches for Polk Credit & Debt lawyer.
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Joshua D. Melgaard

General Practice

Status: In Good Standing Licensed: 13 Years

CONTACT

816 Marin Ave, Crookston, MN 56716

Mark Timothy Johnson

General Practice

Status: In Good Standing Licensed: 12 Years

CONTACT

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

Charles Alan Stock

Lawsuit & Dispute, Employment, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

407 N. Broadway, Crookston, MN 56716

Louann Carol Mcglynn

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

30842 160Th Avenue S.E., Mentor, MN 56736

Tracey Lynn Knutson

Real Estate, Employment, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 21 Years

CONTACT

201 1/2 North Broadway, Crookston, MN 56716

David Allan Buehler

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

Fosston, MN 56542

Daniel Loren Rust

Traffic, Divorce & Family Law, Criminal, Civil Rights

Status: In Good Standing Licensed: 47 Years

CONTACT

407 N. Broadway, Crookston, MN 56716

Anne Marie Rasmusson

Criminal, Family Law

Status: In Good Standing Licensed: 17 Years

CONTACT

407 N. Broadway, Crookston, MN 56716

Larry Dean Orvik

General Practice

Status: Retired Licensed: 37 Years

CONTACT

816 Marin Avenue, Crookston, MN 56716

Joshua Dean Melgaard

General Practice

Status: In Good Standing Licensed: 13 Years

CONTACT

816 Marin Ave, Crookston, MN 56716

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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, page 2

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Joshua D. Melgaard

Mark Timothy Johnson

Charles Alan Stock

Louann Carol Mcglynn

Tracey Lynn Knutson

David Allan Buehler

Daniel Loren Rust

Anne Marie Rasmusson

Larry Dean Orvik

Joshua Dean Melgaard

TIPS

LEGAL TERMS

C CORPORATION

MEANS TEST

AUTOMATIC STAY

S CORPORATION

WORKOUT

FRATERNAL BENEFIT SOCIETY BENEFITS

CHAPTER 7 BANKRUPTCY

CHAPTER 13 PLAN

GARNISHMENT

SAMPLE LEGAL CASES

Baker v. Baker

US FEDERAL CREDIT UNION v. STARS & STRIKES, LLC

ATLANTIC CREDIT & FINANCE v. DUSTRUDE

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