Allegany County, NY Workout Lawyers

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Amanda Beth Finn

General Practice
Status:  In Good Standing           Licensed:  21 Years

Andrew J Cornell

General Practice
Status:  In Good Standing           Licensed:  21 Years

Annette Marie Harding

Divorce & Family Law
Status:  In Good Standing           Licensed:  35 Years

Barbara J. Kelley

General Practice
Status:  In Good Standing           Licensed:  39 Years

Beth Ellen Farwell

International, Employment, Divorce & Family Law
Status:  In Good Standing           Licensed:  38 Years

Bryan Marshall Caldwell

General Practice
Status:  In Good Standing           Licensed:  55 Years

Carissa Michelle Knapp

General Practice
Status:  In Good Standing           Licensed:  19 Years

Carolyn Ruth Kellogg

Real Estate, Defect and Lemon Law, Lawsuit & Dispute, Intellectual Property, Insurance
Status:  In Good Standing           Licensed:  27 Years

Daniel George Synakowski

General Practice
Status:  In Good Standing           Licensed:  49 Years

Daniel Jude Guiney

General Practice
Status:  In Good Standing           Licensed:  50 Years

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)
In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)
A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

LIQUIDATING PARTNER

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

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

FCBA

See Fair Credit Billing Act.

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