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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Halverson Law Office

Bankruptcy, Real Estate

Status: In Good Standing

CONTACT

600 S 2Nd St, Mankato, MN 56001

Herbert C Kroon

Mediation, Divorce, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

503 Cornelia St, Mankato, MN 56003

Herbert C Kroon

Family Law, Juvenile Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

503 Cornelia St, Mankato, MN 56003

Herbert Kroon

Mediation, Family Law, Juvenile Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

503 Cornelia St, Mankato, MN 56003

Stephen John Behm

Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

403 S Broad St, Mankato, MN 56002

Charles Trong Nguyen

General Practice

Status: In Good Standing Licensed: 7 Years

CONTACT

11 Civic Center Plaza, Mankato, MN 56001

Mark C Halverson

Transportation & Shipping, Bankruptcy, Trusts

Status: In Good Standing Licensed: 44 Years

CONTACT

Mankato, MN 56002

Jessica Ann Frein

Estate Planning, Environmental Law Other, Securities, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

111 South 2Nd Street, Mankato, MN 56001

Randy J Zellmer

Estate Planning, Environmental Law Other, Securities, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

111 South 2Nd Street, Mankato, MN 56001

Peter B. Stein

Other, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2700 S Broadway Street, New Ulm, MN 56073

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

SAMPLE LEGAL CASES

Sitek v. Striker

... Approximately one month later, Striker filed for Chapter 7 bankruptcy. Sitek argues that the bankruptcy proceedings voided the notice of cancellation and prejudiced her ability to exercise her statutory rights to cure the default or enjoin cancellation. ...

Fast v. Fast

... debt. Following the marriage dissolution, respondent filed for chapter 7 bankruptcy. 11 USC ch. 7 (2006). Appellant was listed as a creditor in the bankruptcy proceedings along with the debt owed to Wells Fargo. Although ...

McIntosh Cty. Bank v. Dorsey & Whitney

... M & S filed for Chapter 7 bankruptcy relief in January 2002. ... The bankruptcy court dismissed 28 banks' claims for lack of subject matter jurisdiction, abstained from hearing the remaining participants' claims, and denied Dorsey's motion for summary judgment. ...

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Truman Bankruptcy Lawyer, Minnesota

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Halverson Law Office

Herbert C Kroon

Herbert C Kroon

Herbert Kroon

Stephen John Behm

Charles Trong Nguyen

Mark C Halverson

Jessica Ann Frein

Randy J Zellmer

Peter B. Stein

TIPS

LEGAL TERMS

S CORPORATION

FAIR CREDIT REPORTING ACT (FCRA)

AUTOMATIC STAY

FRATERNAL BENEFIT SOCIETY BENEFITS

UNDUE HARDSHIP

FDCPA

GENERAL PARTNER

REDEMPTION

IRS EXPENSES

SAMPLE LEGAL CASES

Sitek v. Striker

Fast v. Fast

McIntosh Cty. Bank v. Dorsey & Whitney

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