Powder Springs Workout Lawyer, Tennessee, page 7

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Shanna Veach

Education, US Courts, Banking & Finance, Bankruptcy
Status:  In Good Standing           Licensed:  23 Years

Wade Boswell

Litigation, Wills & Probate, Administrative Law, Reorganization
Status:  In Good Standing           Licensed:  57 Years

Wade Melvin Boswell

Litigation, Wills & Probate, Administrative Law, Reorganization
Status:  In Good Standing           Licensed:  57 Years

Bart Chandler Williams

Litigation, Dispute Resolution, Federal Appellate Practice, Credit & Debt
Status:  In Good Standing           Licensed:  16 Years

Sharon Diane Frankenberg

Litigation, Reorganization, Wills & Probate, Disability
Status:  In Good Standing           Licensed:  37 Years

Kenneth Wayne Holbert

Labor Law, Elder Law, Corporate, Reorganization
Status:  In Good Standing           Licensed:  58 Years

Jim Bondurant

Commercial Real Estate, Oil & Gas, Commercial Bankruptcy, Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

Ian Agster

Criminal, Bankruptcy, Banking & Finance
Status:  In Good Standing           

Casey Carrigan

Family Law, Criminal, Banking & Finance, Bankruptcy
Status:  In Good Standing           Licensed:  18 Years

Miles Brinson

Tax, Criminal, Bankruptcy, Banking & Finance
Status:  In Good Standing           Licensed:  12 Years

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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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

CCCS

See Consumer Credit Counseling Service.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)
A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

DISCHARGE (OF DEBTS)

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

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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 INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)
Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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