El Mirage Credit & Debt Lawyer, Arizona, page 2

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Lawrence David Hirsch

Employment, Divorce & Family Law, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Aaron Graham York

Credit & Debt
Status:  In Good Standing           Licensed:  14 Years

John S Craiger

Litigation, Disability, Credit & Debt, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

Walter J Ashbrook

Business, Credit & Debt, Commercial Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  16 Years

Michael J LaVelle

Commercial Real Estate, Federal Trial Practice, Family Law, Credit & Debt
Status:  In Good Standing           Licensed:  55 Years

Ronald J. Ellett

Reorganization, Credit & Debt, Bankruptcy, Bankruptcy & Debt, Collection
Status:  In Good Standing           

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Amy Reyes

Commercial Bankruptcy, Credit & Debt
Status:  In Good Standing           Licensed:  19 Years

Joseph L Whipple

Collection, Bankruptcy, Credit & Debt, Lending
Status:  In Good Standing           Licensed:  24 Years

Mathew E Shannon

Credit & Debt, Collection, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  66 Years

Amanda E Nelson

Consumer Rights, Insurance, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  15 Years

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Free Help: Use This Form or Call 800-943-8690

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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.

FCBA

See Fair Credit Billing Act.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)
Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)
A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)
A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)
A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

SAMPLE LEGAL CASES

SCOTTSDALE COMMERCIAL DEVELOPMENTS, INC. v. EULER HERMES AMERICAN CREDIT INDEMNITY COMPANY

... See, eg, ARS § 20-252(8). SCD, which sold interactive electronic "whiteboards" for educational use, purchased a credit insurance policy (the "Policy") from ... Since it is clear, the debtor is disputing the debt and any potential loss payment due you would be held in abeyance until a ...

IN RE BRENDAN G.

... The juvenile court found that the credit charges were reasonably and necessarily incurred to obtain treatment for JP [7] Moreover, this is not a case where it is difficult to determine what portion of the credit debt is attributable to Victim's dental expenses. ...

IN RE MARRIAGE OF McGUCKIN v. McGuckin

... of their children with Wife as the primary residential parent; ordered Husband to pay $418.25 a month in child support; [1] ordered Husband to pay spousal maintenance of one dollar a month for two years; [2] ordered Husband to assume the community credit card debt of $5,709 ...