Minco Credit & Debt Lawyer, Oklahoma

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Elizabeth Honeywell Gray

Contract, Credit & Debt, Real Estate, Workers' Compensation
Status:  In Good Standing           

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Kim A. Tran

Bankruptcy Litigation, Collection, Contract, Credit & Debt
Status:  In Good Standing           

Amanda Rae Blackwood

Credit & Debt, Divorce, Bankruptcy, Family Law
Status:  In Good Standing           

Ben F. Meek

Real Estate, Immigration, Estate, Criminal, Credit & Debt
Status:  In Good Standing           

Bobby G. Irby

Business, Credit & Debt, Collection
Status:  In Good Standing           

Brian Maurice Dell

International Other, Criminal, Credit & Debt, Consumer Bankruptcy, Personal Injury
Status:  In Good Standing           

Brian David Goodrich

Oil & Gas, Health Care Other, Banking & Finance, Credit & Debt
Status:  In Good Standing           Licensed:  20 Years

Clayton David Ketter

Landlord-Tenant, Litigation, Credit & Debt, Bankruptcy
Status:  In Good Standing           

Cyrus Dean Homayouni

Trusts, White Collar Crime, Corporate, Credit & Debt
Status:  In Good Standing           Licensed:  22 Years

Cyrus D. Homayouni

Trusts, White Collar Crime, Corporate, Credit & Debt
Status:  In Good Standing           Licensed:  22 Years

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

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

COLLATERAL

Property that guarantees payment of a secured debt.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)
The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)
A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

CREDIT FILE

See credit report.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)
The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

SAMPLE LEGAL CASES

In re Sales Tax Claim for Refund of Home Depot

... [4] Home Depot stipulated that Monogram Bank of Georgia (Monogram & GE Capital were two of the private label credit card issuers) owned the accounts, and that Monogram included a bad debt deduction under § 166, IRC on its federal tax return. ...

Capital One Bank, NA v. Parsons

... We find attorney fees are recoverable here and reverse the decision of the trial court. ¶ 2 On December 27, 2005, Capital One Bank (Capital) filed a lawsuit on an open account alleging a credit card debt owed to it by William T. Parsons, III. ...

LITTLE BEAR RESOURCES v. NEMAHA SERVICES

... the origin of 961 its anti-deficiency statute [6] and concluded equity required the same rule (that the judgment debtor be allowed a credit against its debt for the sum representing the fair market value of the property sold) be applied to execution sales on judgment liens. ...