Bankruptcy Lawyer

Minnesota.

February 06, 2012

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Bankruptcy Resources

The best way to inform yourself about Minnesota Bankruptcy Law and Bankruptcy related topics. Our Bankruptcy Resource Center includes the following sites for your personal use:

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Did You Know?

Chapter 7 of the United States Bankruptcy Code is the Bankruptcy Code’s “liquidation” chapter
Lawyers sometimes refer to it as a “straight bankruptcy.” It is used primarily by individuals who wish to free themselves of debt simply and inexpensively, but may also be used by businesses that wish to liquidate and terminate their business.

	Newsroom
	News about Bankruptcy in Minnesota and nationwide: In Pennsylvania, U.S. Labor Department Sues Owner Of Company Gone Bankrupt Philadelphia, Pennsylvania - The U.S. Department of Labor has filed an adversary complaint in federal bankruptcy court against the owner of now def... Read more > The Honorable Jed Rakoff Approves Settlement of SEC'S Claim for a Civil Penalty Against Worldcom In its Opinion and Order, the Court concluded that "the proposed settlement is not only fair and reasonable but as good an outcome as anyone could ... Read more > Senate Passes Schumer Amendment To Bankruptcy Bill To Crack Down On Predatory Loans Measure Forces Predatory Lenders To Pass Along Liability To Buyers of Loans During Chapter 11 Proceedings, Making it More Difficult to Discharge As... Read more > More Bankruptcy News >

Bankruptcy Terms

Today's Terms

Insolvency

Definition:
Another term used to describe a firm that is failing; generally it means that a firm's liabilities exceed its assets or that it is unable to satisfy its obligations as they come due.

Chapter Twelve

Definition:
Family farmer bankruptcies; created by Congress in 1986 (Chapter 12 became effective on November 26, 1986 and is now a permanent Chapter of the Bankruptcy Code); only a family owned farm business can qualify for Chapter 12

Asset

Definition:
An economic resource or item owned by a business that is expected to benefit its future operations.

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Bankruptcy Resources

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Bankruptcy Hot Topics

Topics Related to Bankruptcy:

Chapter 7
Chapter 13
Chapter 11
Chapter 12
Chapter 9

Minnesota Bankruptcy Attorney

If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

Andover
Anoka
Austin
Bemidji
Brainerd
Burnsville
Circle Pines
Cottage Grove
Eden Prairie
Elk River
Faribault
Hastings

Lakeville
Mankato
Minneapolis
Moorhead
Osseo
Owatonna
Rochester
Saint Cloud
Saint Paul
Stillwater
Winona

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