Roscommon County, MI Bankruptcy & Debt Lawyers

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Michael L. Bauchan Lawyer

Michael L. Bauchan

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Accident & Injury, Medical Malpractice, Social Security -- Disability, Workers' Compensation, Employment Discrimination
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Michael L. Bauchan, Juris Doctor (J.D.) 1970 and Bachelor of Electrical Engineering (B.E.E.) 1966, says "Call us FIRST. If you didn't, at least call u... (more)

Todd H. Nye

Social Security, Business, Bankruptcy, Personal Injury, Car Accident
Status:  In Good Standing           Licensed:  25 Years

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John E. Rosczyk

Real Estate, Estate, Misdemeanor, Criminal
Status:  In Good Standing           Licensed:  52 Years

Gerard F. Brabant

Estate Planning, Family Law, Elder Law, Business
Status:  In Good Standing           Licensed:  44 Years

Jacob M. Collini

Other, Estate Planning, Family Law, Children's Rights
Status:  In Good Standing           Licensed:  11 Years

James R. Deamud

Foreclosure, Mediation, Trusts, Divorce
Status:  In Good Standing           Licensed:  51 Years

Roberta Eckert-Chrispell

Real Estate
Status:  In Good Standing           Licensed:  32 Years

Troy B. Daniel

Trusts, Divorce, Contract, Credit & Debt
Status:  In Good Standing           Licensed:  28 Years

Scott L. Hess

Other, Employee Rights, Family Law, Elder Law
Status:  In Good Standing           Licensed:  39 Years

Robert W. Bennett

Divorce, Criminal, Contract, Accident & Injury
Status:  In Good Standing           Licensed:  34 Years

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)
A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

LIQUIDATING PARTNER

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

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)
A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CCCS

See Consumer Credit Counseling Service.

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.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.