Kinderhook Bankruptcy & Debt Lawyer, New York

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Ian L. Crimmins

Estate Planning, Family Law, Criminal, Collection
Status:  In Good Standing           

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Ian Lyle Crimmins

Estate Planning, Family Law, Criminal, Collection
Status:  In Good Standing           

David Hilleary Wilder

Litigation, Arbitration, Banking & Finance, Credit & Debt
Status:  In Good Standing           

Shannan Collier Krasnokutski

Arbitration, Credit & Debt, Employee Rights, Environmental Law Other
Status:  In Good Standing           

E Raymond Kolarsey

Health Care Other, Life & Health, Insurance, Reorganization
Status:  In Good Standing           

Patrick F. Tedesco

Litigation, Banking & Finance, Business, Credit & Debt
Status:  In Good Standing           

John D. Rodgers

Lawsuit & Dispute, Contract, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  43 Years

Kenneth Lee Gellhaus

Reorganization, Litigation, Construction, Collection
Status:  In Good Standing           Licensed:  38 Years

Michael J. Hall

Banking & Finance, Litigation, Construction, Reorganization
Status:  In Good Standing           

Jorge Alberto Rodriguez

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

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

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LEGAL TERMS

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

FDCPA

See Fair Debt Collections & Practices Act.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)
A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)
A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.