Juliustown Bankruptcy & Debt Lawyer, New Jersey, page 5

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Mark Cherry
About | Practice Areas
Mark Cherry Law
385 Kings Highway North Suite 101 Cherry Hill, NJ 08034Â» view map
Bankruptcy & Debt
Where Every Client Matters

We want our clients to be confident and secure knowing we are a law firm ready to take on the fight and challenge with them.

800-824-6431
1. Mark Cherry Cherry Hill, NJ
  Attorney at Law - NJ, 1986
  Widener University J.D. 1986
2. AboutMark Cherry Law
  I will work with you whichever direction you choose to go.
3. Practice AreasSpecializations
  Bankruptcy & Debt
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Daniel Adam Frischberg

Municipal, Civil Rights, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

3000 Atrium Way, Mount Laurel, NJ 08054

Jeffrey S Walters

Landlord-Tenant, Litigation, Trusts, Credit & Debt

Status: In Good Standing

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3000 Atrium Way, Mount Laurel, NJ 08054

Richard Allen Bokma

Accident & Injury, Bankruptcy & Debt, Divorce & Family Law, Employment

Status: In Good Standing Licensed: 35 Years

CONTACT

2667 Nottingham Way, Trenton, NJ 08619

Sergio Scuteri

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

8000 Midlantic Dr, Mount Laurel, NJ 08054

Andrew B. Finberg

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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525 Route 73 South, Marlton, NJ 08053

Steven N. Taieb

Credit & Debt, Consumer Bankruptcy, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

4201 Church Rd, Mount Laurel, NJ 08054

Samuel Gerstein

Business, Real Estate, Commercial Bankruptcy

Status: In Good Standing

CONTACT

1288 Route 73 South, Mount Laurel, NJ 08054

Joni Lynn Gray

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

525 Rte 73 S, Marlton, NJ 08053

Ellen M. McDowell

Real Estate, Lawsuit & Dispute, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

46 W. Main St., Maple Shade, NJ 08052

Ronald Glick

Bankruptcy

Status: In Good Standing

CONTACT

Mount Laurel, NJ 08054

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

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.

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.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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Juliustown Bankruptcy & Debt Lawyer, New Jersey, page 5

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Daniel Adam Frischberg

Jeffrey S Walters

Richard Allen Bokma

Sergio Scuteri

Andrew B. Finberg

Steven N. Taieb

Samuel Gerstein

Joni Lynn Gray

Ellen M. McDowell

Ronald Glick

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LEGAL TERMS

GENERAL PARTNER

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

LIMITED PARTNERSHIP

PREFERENCE

WORKOUT

CHAPTER 13 BANKRUPTCY

ACCORD AND SATISFACTION

AUTOMATIC STAY

BANKRUPTCY

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