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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Andrea Harris

Civil Rights, Bankruptcy, Personal Injury, Car Accident, Accident & Injury

Status: In Good Standing

CONTACT

8012 Pennsylvania Cir Ne, Albuquerque, NM 87110

Anita Holly Reina

General Practice

Status: In Good Standing

CONTACT

447 Avital Dr Ne, Albuquerque, NM 87123

Anthony Spratley

Family Law, Criminal, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

12514 Menaul Blvd Ne, Albuquerque, NM 87112

Anthony J. Ayala

Federal, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

601 Parkside Pl Se, Albuquerque, NM 87123

Arun Arjan Melwani

Credit & Debt, Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

10749 Prospect Ave Ne, Albuquerque, NM 87112

Barbara J. Merryman

Federal, Credit & Debt, Personal Injury

Status: Inactive

CONTACT

7920 Rancho de Palomas NE, Albuquerque, NM 87109

Christopher M. Gatton

Patent, Entertainment, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

10400 Academy Rd Ne, Albuquerque, NM 87111

Christopher L. Trammell

Bankruptcy

Status: In Good Standing

CONTACT

3900 Juan Tabo Blvd Ne, Albuquerque, NM 87111

Christopher J. Schultz

Litigation, Military & Veterans Appeals, Commercial Bankruptcy, Criminal

Status: In Good Standing

CONTACT

12308 Lexington Ave Ne, Albuquerque, NM 87112

Clifford C. Gramer

General Practice

Status: In Good Standing

CONTACT

3733 Eubank Blvd Ne, Albuquerque, NM 87111

800-923-0641

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LEGAL TERMS

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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Cedar Crest Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Andrea Harris

Anita Holly Reina

Anthony Spratley

Anthony J. Ayala

Arun Arjan Melwani

Barbara J. Merryman

Christopher M. Gatton

Christopher L. Trammell

Christopher J. Schultz

Clifford C. Gramer

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LEGAL TERMS

NONEXEMPT PROPERTY

DEBT COLLECTOR

REPOSSESSION

BANKRUPTCY TRUSTEE

SOLE PROPRIETORSHIP

LIQUIDATING PARTNER

CREDITOR

LIMITED LIABILITY

MEETING OF CREDITORS

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