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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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David K. Snyder

Business, Real Estate, Municipal, Bankruptcy

Status: In Good Standing

CONTACT

56 East Broadway Avenue, Forest Lake, MN 55025

Melanie A. Johnson

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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443 Old Highway 8 Northwest, Saint Paul, MN 55112

Richard J Pearson

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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443 Old Highway 8 Northwest, Saint Paul, MN 55112

Jesse A. Horoshak

Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: In Good Standing

FREE CONSULTATION

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443 Old Highway 8 Northwest, Saint Paul, MN 55112

Lauren J. Totushek

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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443 Old Highway 8 Northwest, Saint Paul, MN 55112

Christopher Thomas Sorce

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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1781 West County Road B, Saint Paul, MN 55113

Amy B. Norberg

Bankruptcy, Criminal, Farms, Divorce

Status: In Good Standing

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2151 North Hamline Ave, Saint Paul, MN 55113

Nicole Anderson

Adoption, Bankruptcy, Child Support, Farms

Status: In Good Standing Licensed: 20 Years

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1650 11Th Ave Sw, Forest Lake, MN 55025

Adam W. Heaton

Commercial Real Estate, Business & Trade, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

5130 158Th St N, Hugo, MN 55038

Richard Caldecott

Bankruptcy & Debt, Business, Criminal, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

4669 White Bear Pkwy, Saint Paul, MN 55110

800-923-0641

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LEGAL TERMS

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

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.

Scandia Bankruptcy & Debt Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

David K. Snyder

Melanie A. Johnson

Richard J Pearson

Jesse A. Horoshak

Lauren J. Totushek

Christopher Thomas Sorce

Amy B. Norberg

Nicole Anderson

Adam W. Heaton

Richard Caldecott

TIPS

LEGAL TERMS

S CORPORATION

DEFINED CONTRIBUTION PLAN

ABUSE

COLLECTION AGENCY

NONDISCHARGEABLE DEBTS

REPOSSESSION

UNDUE HARDSHIP

WINDING UP

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