Philadelphia Bankruptcy Lawyer, Pennsylvania, page 7

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
1650 Market Street Suite 3600 Philadelphia, PA 19103» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Philadelphia, PA
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Irv Ackelsberg

Lawsuit & Dispute, Consumer Rights, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

1717 Arch St, Philadelphia, PA 19103

Michael L. Temin

Litigation, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 67 Years

CONTACT

2000 Market St, Philadelphia, PA 19103

Natalie Lesser

Commercial Real Estate, Litigation, Advertising, Commercial Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

1818 Market Street, Philadelphia, PA 19103

William J. Burnett

Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

1717 Arch Street, Philadelphia, PA 19103

William P. Shelley

Litigation, Business, Commercial Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

1900 Market Street, Philadelphia, PA 19103

William J. Burnett

Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

1717 Arch Street, Philadelphia, PA 19103

Marissa Edwards

Litigation, Intellectual Property, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

1635 Market St, Philadelphia, PA 19103

Corinne Samler Brennan

Litigation, Banking & Finance, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

1835 Market St, Philadelphia, PA 19103

Damien Nicholas Tancredi

Litigation, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

1717 Arch Street, Philadelphia, PA 19103

Kristen Marie Ashe

Litigation, Employment Discrimination, Contract, Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

1717 Arch St, Philadelphia, PA 19103

800-923-0641

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LEGAL TERMS

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.

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.

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.

LIQUIDATING PARTNER

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

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

TRADE NAME

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

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

SAMPLE LEGAL CASES

Stoeckinger v. Presidential Financial Corp.

... Stoeckinger argues that the trial court erred in determining that his claims were barred by res judicata due to a prior bankruptcy proceeding involving the parties herein. For the following reasons, we affirm. ... 5 On or about April 16, 2004, Sol-9 filed for bankruptcy. SR at 53b. ...

Zokaites v. Pittsburgh Irish Pubs, LLC

... execution and unsuccessfully attempted to collect his judgment. Thereafter, on September 4, 2007 [Appellee] Pittsburgh Irish Pubs, LLC filed for bankruptcy under Chapter 11. In an attempt to collect the outstanding judgment ...

In re Ullman

... They argue that statements, which they attribute to Jones and WFJ, made in legal arguments in a bankruptcy and a civil proceeding were false. They argue that these statements were that a bankruptcy claim of [Appellant] and ...

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Philadelphia Bankruptcy Lawyer, Pennsylvania, page 7

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Irv Ackelsberg

Michael L. Temin

Natalie Lesser

William J. Burnett

William P. Shelley

William J. Burnett

Marissa Edwards

Corinne Samler Brennan

Damien Nicholas Tancredi

Kristen Marie Ashe

TIPS

LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DISPOSABLE INCOME

SOLE PROPRIETORSHIP

LIQUIDATING PARTNER

UNDUE HARDSHIP

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FRAUDULENT TRANSFER

TRADE NAME

CHAPTER 13 BANKRUPTCY

SAMPLE LEGAL CASES

Stoeckinger v. Presidential Financial Corp.

Zokaites v. Pittsburgh Irish Pubs, LLC

In re Ullman

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