Arnold Bankruptcy & Debt Lawyer, Michigan

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Thomas L. Smithson

Criminal, Native People, Civil & Human Rights, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  56 Years

Allan J. Rittenhouse

Bankruptcy, Bankruptcy & Debt
Status:  Inactive *Status is reviewed annually. For latest information visit here           Licensed:  33 Years

Jayne E. Mackowiak

Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  40 Years

Jeremy John Nastoff

Contract, Business, Credit & Debt, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  14 Years

Michele J. Hebner

Estate, Divorce & Family Law, Business, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  25 Years

Norman P. Moore

Bankruptcy & Debt, Divorce & Family Law, Estate, Criminal
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  31 Years

John M. Bergman

Workers' Compensation, Criminal, Contract, Bankruptcy, Wrongful Death
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  50 Years

John Milton Arvid Bergman

General Practice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  18 Years

Daniel R. Degrand

Commercial Real Estate, Industry Specialties, Business, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  51 Years

Robert G. Foster

Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  55 Years

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

Member Representative

Call me for fastest results!
800-943-8690

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

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LEGAL TERMS

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)
Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)
A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)
Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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