Mesilla Park Bankruptcy & Debt 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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Bradley A. Springer

Litigation, Administrative Law, Credit & Debt, Personal Injury

Status: In Good Standing

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Bryan M. Gelecki

Credit & Debt

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Carlos E. Ruvalcaba-Trejo

Credit & Debt, Bankruptcy, Consumer Bankruptcy, Immigration

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David Price Lutz

Litigation, Corporate, Bankruptcy, Personal Injury, Workers' Compensation

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David Franklin Mcarthur

Federal, Bankruptcy & Debt, Civil Rights

Status: In Good Standing

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Dwight Madison Kealy

Insurance, Contract, Business, Bankruptcy

Status: In Good Standing Licensed: 12 Years

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Ismael L. Camacho

Credit & Debt, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

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600 Montana Ave, Las Cruces, NM 88001

J. Preston Paschall

General Practice

Status: In Good Standing

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Las Cruces, NM 88004

James A. Roggow

General Practice

Status: In Good Standing

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205 W. Boutz Road, Las Cruces, NM 88005

Karina Rocha

Civil Rights, Bankruptcy

Status: In Good Standing

CONTACT

600 Montana Ave, Las Cruces, NM 88001

800-923-0641

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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).

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

CREDITOR

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

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.

CREDIT FILE

See credit report.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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Mesilla Park Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Bradley A. Springer

Bryan M. Gelecki

Carlos E. Ruvalcaba-Trejo

David Price Lutz

David Franklin Mcarthur

Dwight Madison Kealy

Ismael L. Camacho

J. Preston Paschall

James A. Roggow

Karina Rocha

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LEGAL TERMS

TRADE NAME

CREDIT REPORT

SOLE PROPRIETORSHIP

DISCHARGE (OF DEBTS)

MEETING OF CREDITORS

CREDITOR

CHAPTER 7 BANKRUPTCY

CREDIT FILE

C CORPORATION

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