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Philip Jones
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Jones & Cohen, LLC
1125 West Street Suite 200 Annapolis, MD 21401» view map
Bankruptcy & Debt
Dedicated to Serving

Philip Clark Jones concentrates in the representation of construction, bankruptcy preference defense, and litigation.

800-906-9350
1. Philip Jones Annapolis, MD
  Attorney at Law- MD, 1974
  The George Washington University Law School, J.D. 1974
2. AboutJones & Cohen, LLC
  Dedicated to Serving
3. Practice AreasExpertise
  Bankruptcy & Debt
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Daniel Mark Press

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Bankruptcy & Debt, International, Consumer Rights, Voting Rights, Election & Political

Quality Legal Services That Focus on You!

Daniel M. Press is a bankruptcy lawyer with the law firm of Chung & Press, P.C., in McLean, Virginia, and Greenbelt Maryland. A 1988 magna cum laude ... (more)

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800-771-7190

6718 Whittier Ave, McLean, VA 22101

Jonathan Y. Short

Estate Planning, Criminal, Contract, Credit & Debt

Status: In Good Standing

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2121 Eisenhower Avenue, Alexandria, VA 22314

Tara M. Kelly

Corporate, Dispute Resolution, Bankruptcy, Litigation

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701 W. Broad Street, Falls Church, VA 22046

James N. Markels

Dispute Resolution, Bankruptcy, Corporate, Employment

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6862 Elm Street, Mc Lean, VA 22101

Billy Bernard Ruhling

Litigation, Commercial Bankruptcy

Status: In Good Standing

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1101 King Street, Alexandria, VA 22314

Robert Sergio Brandt

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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600 Cameron Street, Alexandria, VA 22314

Dennis M. Mersberger

Collection, Car Accident, Identity Theft, DUI-DWI

Status: In Good Standing

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1471-C North Van Dorn Street, Alexandria, VA 22304

Nora Raum

Lawsuit & Dispute, Consumer Protection, Contract, Bankruptcy & Debt

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3543 W. Braddock Road, Alexandria, VA 22302

Terri Kittrell Bozkaya

Labor Law, Employment Discrimination, Corporate, Commercial Bankruptcy

Status: In Good Standing

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3650 S Glebe Rd, Arlington, VA 22202

Terri Bozkaya

Labor Law, Employment Discrimination, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 31 Years

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3650 S Glebe Rd, Arlington, VA 22202

800-923-0641

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LEGAL TERMS

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

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.

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Alexandria Bankruptcy & Debt Lawyer, Virginia

Sponsored Law Firm

Jones & Cohen, LLC

SPONSORED LAWYERS

Daniel Mark Press

Jonathan Y. Short

Tara M. Kelly

James N. Markels

Billy Bernard Ruhling

Robert Sergio Brandt

Dennis M. Mersberger

Nora Raum

Terri Kittrell Bozkaya

Terri Bozkaya

TIPS

LEGAL TERMS

TRADE DRESS

WORKOUT

COLLATERAL

CURRENT MONTHLY INCOME

S CORPORATION

GRACE PERIOD

GUARANTOR

SETOFF

LIMITED LIABILITY

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