Hobbs Reorganization Lawyer, New Mexico, page 2

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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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Not enough matches for Hobbs Reorganization lawyer.
Below are all Hobbs lawyers.

Glen L. Houston

General Practice

Status: In Good Standing

CONTACT

1304 W Broadway Pl, Hobbs, NM 88240

Mark Stout

Personal Injury

Status: In Good Standing

CONTACT

3319 N Grimes St, Hobbs, NM 88240

Harold C. Pope

Family Law, Children's Rights, Divorce & Family Law, Public Law

Status: In Good Standing

CONTACT

907 W Calle Sur St, Hobbs, NM 88240

James W. Klipstine

Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing

CONTACT

1601 N Turner St, Hobbs, NM 88240

Joy Elaine Pendleton

General Practice

Status: In Good Standing

CONTACT

1002 N Linam St, Hobbs, NM 88240

Ronald R. Walker

Immigration, Family Law, Criminal

Status: In Good Standing

CONTACT

4013 N Grimes St, Hobbs, NM 88240

William G. Shoobridge

General Practice

Status: In Good Standing

CONTACT

2113 N Mckinley St, Hobbs, NM 88240

William A. Mcbee

General Practice

Status: Inactive

CONTACT

Hobbs, NM 88241

Efren Andres Cortez

Federal, Constitutional Law, Municipal, Criminal

Status: In Good Standing

CONTACT

200 E Broadway St, Hobbs, NM 88240

Walter Gilbert Bryan

Insurance, Family Law, Property Damage, Criminal

Status: In Good Standing

CONTACT

616 E Bender Blvd, Hobbs, NM 88240

800-923-0641

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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Hobbs Reorganization Lawyer, New Mexico, page 2

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Glen L. Houston

Mark Stout

Harold C. Pope

James W. Klipstine

Joy Elaine Pendleton

Ronald R. Walker

William G. Shoobridge

William A. Mcbee

Efren Andres Cortez

Walter Gilbert Bryan

TIPS

LEGAL TERMS

GENERAL PARTNER

S CORPORATION

WORKOUT

DEFINED CONTRIBUTION PLAN

CHAPTER 13 PLAN

HOUSEHOLDER

BULK SALES LAW

TOXIC TORT

401(K) PLAN

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