Magnetic Springs Bankruptcy & Debt Lawyer, Ohio

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Troy  Doucet Lawyer

Troy Doucet

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Bankruptcy & Debt, Foreclosure, Consumer Rights, Lawsuit & Dispute, Contract
Experienced Loan, Mortgage, and Foreclosure Defense Lawyer

Attorney Troy Doucet is a Columbus, Ohio lawyer who represents consumers and businesses with complex problems. Troy’s years of work in the mortgage ... (more)

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800-821-8920

John F. Cannizzaro

Criminal, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Luther J Mills

Bankruptcy, Criminal, Personal Injury
Status:  In Good Standing           

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C. Michael Piacentino

Administrative Law, Adoption, Dispute Resolution, Bankruptcy
Status:  In Good Standing           

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Graham D. Guthrie

Real Estate, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

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Carolyn Diane Eselgroth

Commercial Real Estate, Agriculture, Business Organization, Dissolution
Status:  In Good Standing           

Ralph A Kerns

Farms, Child Support, Criminal, Bankruptcy
Status:  In Good Standing           

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Ellen B. Leidner

Family Law, Bankruptcy, Eminent Domain, Real Estate
Status:  In Good Standing           

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Amy Elizabeth Gullifer

Bankruptcy & Debt
Status:  In Good Standing           Licensed:  23 Years

John Francis Cannizzaro

Estate, Criminal, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  44 Years

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

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LEGAL TERMS

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

CREDITOR

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

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the 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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)
Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)
As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.