Lakeville is a suburb 23 miles (37 km) south of downtown Minneapolis in the U.S. state of Minnesota in Dakota County. On the south metro fringe, Lakeville is one of the fastest growing cities in the Minneapolis-St. Paul metropolitan area. The U.S. Census Bureau recorded the population of the city of Lakeville at 43,128 people in 2000. The Metropolitan Council estimate for 2006 was 52,323. Lakeville is located on Interstate Highway 35. With an interstate highway link to the Twin Cities and undeveloped land, Lakeville has grown at rapid pace in the region's exurbia. The city became notable in 1910 when Marion Savage built the Dan Patch Railroad Line to service his Antlers Amusement Park. Subsequently, Lakeville became a flourishing milling center from this line and today, the agriculture industry still is in operation. While a significant percentage of Lakeville's workers commute northward to the downtowns of Minneapolis and St. Paul, and closer-in suburbs like Bloomington, Lakeville has had major industry since the 1960s—including the Airlake Industrial Park, which is served by Airlake Airport, a regional reliever airport.

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. § 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...