Los Alamos Reorganization 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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Not enough matches for Los Alamos Reorganization lawyer.
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Lewis J. Terr

Divorce & Family Law, Family Law, Collection

Status: In Good Standing

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Santa Fe, NM 87504

Amy L. Propps

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Family Law

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Santa Fe, NM 87594

George Harold Lerew

Gift Taxation, Elder Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 49 Years

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3140 Vista Sandia Ave, Santa Fe, NM 87506

Gini Nelson

Mediation, Clean Air Practice, Family Law, Credit & Debt

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1704 Llano St, Santa Fe, NM 87505

Susan Peters Crawford

Credit & Debt, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

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210 Montezuma Ave, Santa Fe, NM 87501

Lynne D. Canning

Civil Rights, Credit & Debt, Federal, Constitutional Law

Status: In Good Standing

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1202 Apache Ave, Santa Fe, NM 87505

Douglas George Booth

Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

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1223 S Saint Francis Dr, Santa Fe, NM 87505

Matthew E. Ortiz

Labor Law, Credit & Debt, Family Law, Commercial Real Estate

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1704 Llano St, Santa Fe, NM 87505

Gerald G. Ohlsen

Credit & Debt, Bankruptcy, Consumer Bankruptcy, Landlord-Tenant

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4688 Las Plazuelas, Santa Fe, NM 87507

Ethan D. Nissani

Real Estate, Divorce & Family Law, Litigation, Collection

Status: In Good Standing

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301 N Guadalupe St, Santa Fe, NM 87501

800-923-0641

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LEGAL TERMS

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.

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.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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Los Alamos Reorganization Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Lewis J. Terr

Amy L. Propps

George Harold Lerew

Gini Nelson

Susan Peters Crawford

Lynne D. Canning

Douglas George Booth

Matthew E. Ortiz

Gerald G. Ohlsen

Ethan D. Nissani

TIPS

LEGAL TERMS

CREDIT COUNSELING

CHAPTER 7 BANKRUPTCY

S CORPORATION

IRS EXPENSES

AUTOMATIC STAY

FORBEARANCE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

FAIR CREDIT REPORTING ACT (FCRA)

FRATERNAL BENEFIT SOCIETY BENEFITS

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