Eden Prairie is an edge city 12 miles (19 km) southwest of downtown Minneapolis in Hennepin County and the 12th largest city in the U.S. state of Minnesota. The city lies on the north bank of the Minnesota River, upstream from its confluence with the Mississippi River. As the seventh largest suburb, Eden Prairie and nearby suburbs form the southwest portion of Minneapolis-St. Paul, the sixteenth largest metropolitan area in the United States, with about 3.2 million residents. The U.S. Census Bureau recorded the city's population at 54,901 in 2000. Comprising many large lakes and ponds, the city has more than 170 miles (270 km) of multi-use trails, 2,250 acres (9 km) of parks, and 1,300 acres (5 km) of open space. Previously a bedroom suburb in the 1960s, the city is now home to more than 2,200 businesses and the headquarters of Supervalu, ADC Telecommunications, MTS Systems Corporation, and the Minnesota Vikings. Regionally known for Eden Prairie Center, it is also the hub for SouthWest Transit, serving public transportation to three adjacent suburbs. Eden Prairie has been named one of Money Magazine's "Best Places to Live" in America since 2006. The name "Eden Prairie" was first used for a township in 1851.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Minnesota

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...