Chesapeake Bankruptcy & Debt Lawyer, Virginia

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Tim Anderson
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Anderson & Associates, PC
2492 North Landing Road Ste. 104 Virginia Beach, VA 23456Â» view map
Criminal Law
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Proudly serving Virginia Beach and the surrounding areas.

800-217-0430
1. Tim Anderson Virginia Beach, VA
  Attorney at Law - VA, 1999
  Regent University School of Law, J.D.
2. AboutAnderson & Associates, PC
  Proudly serving Virginia Beach
3. Practice AreasExpertise
  Criminal
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Peter F. Herrick

Bankruptcy, DUI-DWI, Credit & Debt, Traffic

Status: In Good Standing

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1403 Greenbrier Parkway, Greenbrier Point, Chesapeake, VA 23320

David William Mettler

Child Support, Adoption, Contract, Bankruptcy

Status: In Good Standing

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115 S. Lynnhaven Road, Virginia Beach, VA 23452

Christie M. Wilson

Bankruptcy, Divorce, Social Security -- Disability, Estate Planning

Status: In Good Standing

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744A Thimble Shoals Boulevard, Newport News, VA 23606

Timothy Anderson

Bankruptcy & Debt, Criminal, DUI-DWI, Divorce & Family Law, Estate

Status: In Good Standing

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205 S. Battlefield Road, Chesapeake, VA 23322

Danielle Marie Kruer

Real Estate, Trusts, Family Law, Credit & Debt

Status: In Good Standing

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101 West Main Street, Norfolk, VA 23510

Aaron James-Birch Ambrose

Commercial Bankruptcy, Health Care Other

Status: In Good Standing

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ReavesColey PLLC, Chesapeake, VA 23320

Richard J. Crouch

Commercial Real Estate, Banking & Finance, Credit & Debt, Collection

Status: In Good Standing

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500 World Trade Center, Norfolk, VA 23510

Richard Alfred Knee

Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

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708 Elm Forest Court, Chesapeake, VA 23322

David McCormick

Divorce & Family Law, DUI-DWI, Criminal, Bankruptcy & Debt

Status: In Good Standing

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6330 Newtown Rd #200, Norfolk, VA 23502

Nathan L. Horton

Litigation, Labor Law, Business, Credit & Debt

Status: In Good Standing Licensed: 19 Years

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120 Corporate Blvd, Norfolk, VA 23502

800-923-0641

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LEGAL TERMS

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Chesapeake Bankruptcy & Debt Lawyer, Virginia

Sponsored Law Firm

Anderson & Associates, PC

SPONSORED LAWYERS

Peter F. Herrick

David William Mettler

Christie M. Wilson

Timothy Anderson

Danielle Marie Kruer

Aaron James-Birch Ambrose

Richard J. Crouch

Richard Alfred Knee

David McCormick

Nathan L. Horton

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LEGAL TERMS

HOUSEHOLDER

BANKRUPTCY

UNSECURED DEBT

SOLE PROPRIETORSHIP

SECRET WARRANTY PROGRAM

REDEMPTION

WINDING UP

LIEN

DEFINED CONTRIBUTION PLAN

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