West Millbury Collection Lawyer, Massachusetts

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Claudia H. Cornish

Corporate, Business Organization, Collection, Bankruptcy
Status:  In Good Standing           

FREE CONSULTATION 

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Russell S. Chernin

Real Estate, Litigation, Immigration, Collection
Status:  In Good Standing           Licensed:  43 Years

Alan M. Cohen

Collection, Collection, Collection, Collection
Status:  In Good Standing           Licensed:  41 Years

Kenneth D. Quat

Commercial Real Estate, Student Rights, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  44 Years

Lewis J Cohn

Business Organization, Collection, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  35 Years

Rhonda S Boule

Landlord-Tenant, Prenuptial Agreements, Child Custody, Divorce & Family Law, Collection
Status:  In Good Standing           

Edward Russell Molari

DUI-DWI, Criminal, Contract, Collection
Status:  In Good Standing           

Chesley Oriel

Accident & Injury, Real Estate, Collection
Status:  In Good Standing           Licensed:  55 Years

FREE CONSULTATION 

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David S. Goldberg

Real Estate, Wills & Probate, Business, Collection, Accident & Injury
Status:  In Good Standing           

FREE CONSULTATION 

CONTACT

Richard L. Blumenthal

Federal Trial Practice, Credit & Debt, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

LIQUIDATING PARTNER

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

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)
An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal 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.

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.

FCBA

See Fair Credit Billing Act.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

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.

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