Eclectic Credit & Debt Lawyer, Alabama
Warning! No lawyers found in this specified area.
TIPS
Easily find Eclectic Credit & Debt Lawyers and Eclectic Credit & Debt Law Firms. For more attorneys, search all Bankruptcy & Debt areas including Bankruptcy, Collection, Reorganization and Workout attorneys.
LEGAL TERMS
UNDUE HARDSHIP
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.
CHAPTER 13 PLAN
A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)
A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.
FCBA
See Fair Credit Billing Act.
TOXIC TORT
A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)
A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.
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.
DISCHARGE (OF DEBTS)
A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.
SETOFF
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.
CHAPTER 13 BANKRUPTCY
The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)
The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.
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.
SAMPLE LEGAL CASES
Woods v. SunTrust Bank
... In November 2005, SunTrust withdrew $1,899 from the Gilchrists' checking account to
offset part of the delinquent equity-line-of-credit debt. ... In the spring of 2005, SunTrust began
collection efforts on the delinquent equity-line-of-credit debt. ...
FEDERAL CREDIT, INC. v. Fuller
... "Greg Fuller alleges that a letter being sent to him via his employer seeking repayment of a debt
defamed him. Although indebtedness may be defamatory, the fact that he owed Federal Credit...
was absolutely true. Truth is an absolute defense to defamation. ...
Hunt v. FEDERATED FINANCIAL CORPORATION OF AMERICA
... Procedural History. On June 28, 2009, FFCA, which had allegedly been assigned a credit-card
debt owed by Hunt, filed a complaint alleging that Hunt owed $19,796.57 plus accrued interest
on that credit-card account and seeking a judgment in that amount against Hunt. ...
FILTER BY:
- Free Consultation
- Male
- Female
- Suspended
PRACTICE AREAS
- Accident & Injury
- Bankruptcy & Debt
- -Bankruptcy
- -Bankruptcy Litigation
- -Commercial Bankruptcy
- -Consumer Bankruptcy
- -Dissolution
- -Collection
- Credit & Debt
- -Reorganization
- -Workout
- Business
- Civil & Human Rights
- Consumer Rights
- Criminal
- Divorce & Family Law
- Employment
- Environmental Law
- Estate
- Government
- Health Care
- Immigration
- Industry Specialties
- Intellectual Property
- International
- Lawsuit & Dispute
- Mass Torts
- Motor Vehicle
- Real Estate
- Tax
- Other