Linn County, OR Bankruptcy & Debt Lawyers, page 2

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Ryan Enno Haan

International, Estate, Business
Status:  In Good Standing           Licensed:  12 Years

Robert C Mccann

Lawsuit & Dispute, Divorce, Divorce & Family Law, DUI-DWI, Mass Torts
Status:  In Good Standing           Licensed:  44 Years

Daniel Adam Rayfield

Civil & Human Rights, Products Liability, Personal Injury, Medical Malpractice
Status:  In Good Standing           Licensed:  18 Years

Jessica K Meyer

Estate, Civil & Human Rights
Status:  In Good Standing           Licensed:  19 Years

James H Jordan

Litigation, Family Law, Business
Status:  Suspended           Licensed:  64 Years

Helen Nelson

Family Law
Status:  In Good Standing           Licensed:  19 Years

Christopher E Macneil

Civil & Human Rights, Products Liability, Personal Injury, Medical Malpractice
Status:  In Good Standing           Licensed:  40 Years

Arnold W Poole

Family Law, Adoption, Criminal, Business
Status:  In Good Standing           Licensed:  36 Years

Dustan E Johnson

Trusts, Estate, Divorce, Divorce & Family Law, Criminal
Status:  In Good Standing           Licensed:  46 Years

Andrew D Ivers

Employment, Divorce & Family Law, Accident & Injury
Status:  In Good Standing           Licensed:  20 Years

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LEGAL TERMS

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)
An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

FCBA

See Fair Credit Billing Act.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

CREDITOR

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

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.