Jarales Bankruptcy Lawyer, New Mexico

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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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2. Email
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Anne D. Goodman

Bankruptcy, Corporate, Litigation, Transactions

Status: In Good Standing

CONTACT

6709 Academy Rd NE Ste A, Albuquerque, NM 87109

Andrea D. Steiling

Bankruptcy, Corporate

Status: In Good Standing

CONTACT

6709 Academy Rd NE Ste A, Albuquerque, NM 87109

Brett Steinbook

Business, Real Estate, Bankruptcy

Status: In Good Standing

CONTACT

7850 Jefferson N. E., Albuquerque, NM 87109

Simone Seiler

Foreclosure, Bankruptcy, Patent, Business

Status: In Good Standing

CONTACT

Tome, NM 87060

Steven J. Clark

Social Security, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

Peralta, NM 87042

Charles S. Parnall

Credit & Debt, Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

2116 Vista Oeste St Nw, Albuquerque, NM 87120

Charles S. Parnall

Litigation, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

2116 Vista Oeste St Nw, Albuquerque, NM 87120

Edward Mazel

Bankruptcy Litigation, Commercial Bankruptcy, Dissolution

Status: In Good Standing

CONTACT

1122 Central Ave SW Ste 1, Albuquerque, NM 87102

Chad Errol Gruber

Real Estate, Commercial Bankruptcy, Construction, Mass Torts

Status: In Good Standing

CONTACT

1019 4Th St Sw, Albuquerque, NM 87102

James A. Askew

Commercial Real Estate, Landlord-Tenant, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

1122 Central Ave Sw, Albuquerque, NM 87102

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

CREDIT FILE

See credit report.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

SAMPLE LEGAL CASES

Summit Elec. Supply Co. v. RHODES & SALMON

... The record reveals that Plaintiffs pursued their claim for nearly a year before SE filed for bankruptcy in federal court on June 27, 2003 and notified the district court of the bankruptcy action on July 8, 2003. Rhodes & Salmon, PC ...

Dooley v. QUIET TITLE COMPANY, LLC

... On March 14, 2011, a notice of automatic stay was filed in this Court, notifying the Court that Defendant Quiet Title Company, LLC had filed a petition for bankruptcy in the United States Bankruptcy Court. On July 20, 2011, this ...

Dickey v. GENERAL GROWTH PROPERTIES, INC.

... [RP 173] Defendants filed for bankruptcy, and an automatic stay of the present action was entered in April 2009. [RP 178] The stay was lifted in November 2010. ... [RP 173-74] And shortly after that, Defendants filed for bankruptcy, staying the case for over a year and a half. ...

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Jarales Bankruptcy Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Anne D. Goodman

Andrea D. Steiling

Brett Steinbook

Simone Seiler

Steven J. Clark

Charles S. Parnall

Charles S. Parnall

Edward Mazel

Chad Errol Gruber

James A. Askew

TIPS

LEGAL TERMS

CREDIT BUREAU

PREFERENCE

CREDIT COUNSELING

PRESUMED ABUSE

CREDIT FILE

GRACE PERIOD

MEETING OF CREDITORS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DEBIT CARD

SAMPLE LEGAL CASES

Summit Elec. Supply Co. v. RHODES & SALMON

Dooley v. QUIET TITLE COMPANY, LLC

Dickey v. GENERAL GROWTH PROPERTIES, INC.

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