San Patricio Credit & Debt Lawyer, New Mexico

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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Lauren Elizabeth Anne Truitt

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Criminal

Lauren E. A. Truitt completed her undergraduate degree at Texas State University in 2006, obtained her juris doctor (JD) from Oklahoma City University... (more)

CONTACT

575-378-3788

P.O. Box 402, Ruidoso, NM 88355

Sam Ross Sloan

General Practice

Status: Inactive Licensed: 52 Years

CONTACT

Ruidoso Downs, NM 88346

Mercedes Fernandez

General Practice

Status: Inactive

CONTACT

Ruidoso Downs, NM 88346

Freda Howard Mcswane

Accident & Injury, Criminal, Divorce & Family Law, DUI-DWI, Family Law

Status: In Good Standing

CONTACT

1100 Sudderth Dr, Ruidoso, NM 88345

William Griffin

Clean Air Practice, Mediation, Arbitration, Business & Trade

Status: In Good Standing

CONTACT

Ruidoso, NM 88355

Christopher William Westenberger

General Practice

Status: In Good Standing

CONTACT

206 Sudderth Dr, Ruidoso, NM 88345

Gary C. Mitchell

Mass Torts, DUI-DWI, Civil Rights, Personal Injury

Status: In Good Standing

CONTACT

Ruidoso, NM 88355

Tamara Milligan-Harmon

General Practice

Status: Inactive Licensed: 50 Years

CONTACT

122 Paseo De Aguayo, Alto, NM 88312

Zachary J. Cook

Administrative Law, Immigration, Business & Trade, Civil Rights

Status: In Good Standing

CONTACT

1703 Sudderth Dr, Ruidoso, NM 88345

Daniel A. Bryant

Criminal, Litigation, Federal Trial Practice, Water

Status: In Good Standing

CONTACT

159 Mescalero Trl, Ruidoso, NM 88345

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

SAMPLE LEGAL CASES

Beams v. Rhine

... He alleges that Rhine used the money obtained from the line of credit to pay off premarital credit card debt and to make mortgage payments on another home in Arizona that Rhine purchased before the marriage and was her separate property. ...

Karpien v. Karpien

... That community debt included the balance owed on two mortgages on the home, credit card debt, certain medical bills, and repatriation and funeral expenses that were incurred after Wife's death and paid by Parents. Husband appeals the order of the district court. II. ...

Bank of New York v. Romero

... In early 2006, the Romeros were behind on the New Century loan, which had an estimated payoff of $176,450.08, and were in debt on credit card and other loan obligations. ... (Equity One) for $227,240 that repaid their existing home loan, credit card debt, and other obligations. ...

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San Patricio Credit & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Lauren Elizabeth Anne Truitt

Sam Ross Sloan

Mercedes Fernandez

Freda Howard Mcswane

William Griffin

Christopher William Westenberger

Gary C. Mitchell

Tamara Milligan-Harmon

Zachary J. Cook

Daniel A. Bryant

TIPS

LEGAL TERMS

WORKOUT

GENERAL PARTNER

ADMINISTRATIVE EXPENSES

SECURED DEBT

SETOFF

IRS EXPENSES

NONEXEMPT PROPERTY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

ABUSE

SAMPLE LEGAL CASES

Beams v. Rhine

Karpien v. Karpien

Bank of New York v. Romero

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