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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

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

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

David William Mettler

Child Support, Adoption, Contract, Bankruptcy

Status: In Good Standing

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115 S. Lynnhaven Road, Virginia Beach, VA 23452

Brian Anthony Thomasson

Family Law, Criminal, Bankruptcy

Status: In Good Standing

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1108 Madison Plaza, Chesapeake, VA 23320

Aaron James-Birch Ambrose

Commercial Bankruptcy, Health Care Other

Status: In Good Standing

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ReavesColey PLLC, Chesapeake, VA 23320

Betsy Evelyn Cornatzer

Family Law, Juvenile Law, Criminal, Bankruptcy

Status: In Good Standing

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Chesapeake, VA 23328

Christopher Michael Baker

Employment Discrimination, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing

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805 Shoal Creek Trail, Chesapeake, VA 23320

Tara Louise Chadbourn

Lawsuit & Dispute, Environmental Law, Business, Bankruptcy

Status: In Good Standing

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555 Belaire Ave, Chesapeake, VA 23320

Beth Vanderzee Mcmahon

Lawsuit & Dispute, Employment, Criminal, Bankruptcy

Status: In Good Standing

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555 Belaire Ave, Chesapeake, VA 23320

Andrew Becton Gibbs

Land Use & Zoning, Entertainment, Trusts, Bankruptcy

Status: In Good Standing

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1317 Cavalier Blvd, Chesapeake, VA 23323

800-923-0641

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

SAMPLE LEGAL CASES

Rogers v. Rogers

... figures. B. Effect of Pending Bankruptcy. Succinctly ... Chapter. 7 bankruptcy protection with respect to the same. Though filed in August 2006, that bankruptcy proceeding was still pending at the time of oral argument before this Court. There ...

Stacy v. Stacy

... in paragraph 9 of the PSA in which the parties stipulated that, while husband's mortgage payments "were not direct support payments being made to wife," they were "in the nature of support," and therefore "non-dischargeable" by husband in any bankruptcy proceeding. [4]. II. ...

McNally v. Rey

... In this appeal, we consider whether the Circuit Court of the City of Norfolk abused its discretion by imposing sanctions upon an attorney who filed a petition in bankruptcy on behalf of his client who was a party in a proceeding pending in the circuit court. ...

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Hampton Bankruptcy Lawyer, Virginia

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Anderson & Associates, PC

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Peter F. Herrick

Christie M. Wilson

David William Mettler

Brian Anthony Thomasson

Aaron James-Birch Ambrose

Betsy Evelyn Cornatzer

Christopher Michael Baker

Tara Louise Chadbourn

Beth Vanderzee Mcmahon

Andrew Becton Gibbs

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LEGAL TERMS

S CORPORATION

DISPOSABLE INCOME

SOLE PROPRIETORSHIP

FRAUDULENT TRANSFER

LIABILITY

DISCHARGE (OF DEBTS)

ACCORD AND SATISFACTION

CREDIT BUREAU

REAFFIRMATION

SAMPLE LEGAL CASES

Rogers v. Rogers

Stacy v. Stacy

McNally v. Rey

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