Pleasant Ridge Credit & Debt Lawyer, Michigan, page 6

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M.G. Moore
About | Practice Areas
411 Bankruptcy Relief
17800 Woodward Ave Suite LL3 Detroit, MI 48203» view map
Bankruptcy & Debt
When Life Happens, We're Here To Help.

A legal practitioner for nearly 20 years, Ms. Moore represents consumers and small businesses under the U.S. Bankruptcy Code.

800-960-9280
1. M.G. Moore Detroit, MI
  Attorney at Law - MI, 2002
2. About411 Bankruptcy Relief
  Legal practitioner for nearly 20 years.
3. Practice AreasExpertise
  Bankruptcy & Debt
1. Contact
2. Email
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7. Profile

Chadi Hani Habib

Government Contract, Workers' Compensation, Contract, Credit & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

7733 Schaefer Rd, Dearborn, MI 48126

Kellie M. Blair

Construction, Federal Appellate Practice, Contract, Credit & Debt

Status: In Good Standing

CONTACT

39572 Woodward Ave, Bloomfield Hills, MI 48304

Robert W. Warner

Children's Rights, Contract, Credit & Debt, Collection

Status: In Good Standing Licensed: 31 Years

CONTACT

Troy, MI 48099

Jennifer Lynne Meyers

Employee Rights, Family Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

33 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304

Julian M. Levant

Landlord-Tenant, Family Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 53 Years

CONTACT

40700 Woodward Ave, Bloomfield Hills, MI 48304

Jeffery Jon Sattler

Litigation, Corporate, Business, Credit & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

John Joseph Stockdale

Banking & Finance, Business, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

Julie M. Skidmore

Credit & Debt, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

CONTACT

755 W Big Beaver Rd, Troy, MI 48084

Amanda Marie Tourangeau

Administrative Law, Employment, Credit & Debt, Family Law

Status: In Good Standing Licensed: 12 Years

CONTACT

3026 W Grand Blvd, Detroit, MI 48202

John D. Hertzberg

Foreclosure, Litigation, Contract, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

4190 Telegraph Rd, Bloomfield Hills, MI 48302

800-923-0641

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LEGAL TERMS

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

FCRA

See Fair Credit Reporting Act.

TRADE NAME

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

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.

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.

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.

LIQUIDATING PARTNER

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

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Pleasant Ridge Credit & Debt Lawyer, Michigan, page 6

Sponsored Law Firm

411 Bankruptcy Relief

SPONSORED LAWYERS

Chadi Hani Habib

Kellie M. Blair

Robert W. Warner

Jennifer Lynne Meyers

Julian M. Levant

Jeffery Jon Sattler

John Joseph Stockdale

Julie M. Skidmore

Amanda Marie Tourangeau

John D. Hertzberg

TIPS

LEGAL TERMS

SECURED DEBT

REDEMPTION

LIABILITY

FCRA

TRADE NAME

FORBEARANCE

FAIR CREDIT REPORTING ACT (FCRA)

S CORPORATION

LIQUIDATING PARTNER

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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