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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
2002 Summit Boulevard Suite 300 Atlanta, GA 30319» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Atlanta, GA
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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W. David Wallace

Adoption, Bankruptcy, Farms, Divorce

Status: In Good Standing

FREE CONSULTATION

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86 Highway 53 West, Dawsonville, GA 30534

Jack Collins Lance

Real Estate, Estate, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 16 Years

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Blairsville, GA 30514

Hugh W. Stone

Dispute Resolution, Federal Trial Practice, Family Law, Credit & Debt

Status: In Good Standing Licensed: 64 Years

CONTACT

Blairsville, GA 30514

John C. Pennington

Bankruptcy & Debt, Commercial Bankruptcy, Limited Liability Companies

Status: In Good Standing Licensed: 59 Years

CONTACT

Helen, GA 30545

Christopher Allen Jones

Estate, Family Law, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

Cleveland, GA 30528

Harmon T. Smith

Bankruptcy & Debt, Car Accident

Status: In Good Standing Licensed: 58 Years

CONTACT

649 E Main St, Blue Ridge, GA 30513

Madonna M Powers

Bankruptcy, Real Estate

Status: In Good Standing

CONTACT

164 W Main St, Blue Ridge, GA 30513

Quentin Ray Carr

Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

113 Grant Street, Clarkesville, GA 30523

William Ross Mcconnell

Government, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

179 North Main Street, Cornelia, GA 30531

Joshua Thermon Teague

Traffic, Criminal, Insurance, Bankruptcy

Status: In Good Standing

CONTACT

57 1St Avenue, East Ellijay, GA 30539

800-923-0641

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LEGAL TERMS

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

FCRA

See Fair Credit Reporting Act.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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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Young Harris Bankruptcy & Debt Lawyer, Georgia

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

W. David Wallace

Jack Collins Lance

Hugh W. Stone

John C. Pennington

Christopher Allen Jones

Harmon T. Smith

Madonna M Powers

Quentin Ray Carr

William Ross Mcconnell

Joshua Thermon Teague

TIPS

LEGAL TERMS

PRESUMED ABUSE

FCRA

GUARANTOR

C CORPORATION

INTEREST

S CORPORATION

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FRATERNAL BENEFIT SOCIETY BENEFITS

LIQUIDATING PARTNER

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