The Minnesota Court of Appeals recently decided a case involving a dispute between two financial institutions that may have important impacts on how to approach settlement negotiations with defaulting borrowers going forward. The lawsuit involved Student Loan Finance Corporation (“SLFC”) which was indebted to Great Plains Educational Foundation, Inc. (“Great Plains”) pursuant to a $13.25...

Estate planning is often overlooked until it is too late. Our recent article, Where There’s a Will, There’s a…Wait, discusses the negative effects of waiting too long to plan for the future. These include increased expense, court involvement, familial fighting, and your wishes being ignored. Gislason & Hunter has the knowledge and experience to mitigate...

Late Wednesday, January 13th, the SBA announced that banks with $1 billion in assets or less can start making Third Round PPP loans Friday, January 15th. Banks above that threshold will be able to start Tuesday, January 19th. CDFI institutions and minority-owned institutions started making loans the morning of Monday, January 11th. Thankfully, compared to...

Mankato, MN (January 14, 2021) – Gislason & Hunter LLP is pleased to announce that four attorneys—Chris Bowler, Rick Halbur, Brittany King-Asamoa, and Dean Zimmerli—have been named as Partners. “We are pleased that all four of these established attorneys have become Partners with Gislason & Hunter,” Matthew Berger, Managing Partner and Attorney with Gislason &...

A receivership is often labeled as the state court’s version of bankruptcy, though there are many differences between the two. The device of receivership is primarily a creditor’s remedy and is typically invoked in various circumstances including the collection of a money judgment, liquidation, and managing assets. A creditor is typically the party requesting the...

Medical Assistance, Minnesota’s version of Medicaid, provides more than 600,000 Minnesotans with coverage monthly.  Many of these individuals are seniors.  When looking forward to retirement, it is important to consider future health care needs as well as how such needs will be paid for.  This includes possible long-term care.  While private options, such as out-of-pocket...

As the economy enters into a recession and debtors’ assets are losing value, dwindling or disappearing, the doctrine of marshaling assets is appearing in more and more collection actions and appellate decisions.  The increased use of marshaling assets is also the result of land prices remaining high while other property values, such as equipment and...