Artesia Credit & Debt Lawyer, New Mexico, page 2

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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Not enough matches for Artesia Credit & Debt lawyer.
Below are all Artesia lawyers.

Dong Zee

General Practice

Status: In Good Standing Licensed: 15 Years

CONTACT

94 Gunpowder Road, Artesia, NM 88210

Ernest L. Carroll

General Practice

Status: Inactive Licensed: 44 Years

CONTACT

105 South Fourth Street, Artesia, NM 88210

Floyd D. Haake

General Practice

Status: In Good Standing

CONTACT

1300 W Richey Ave, Artesia, NM 88210

Frank J. Connelly

General Practice

Status: Deceased Licensed: 37 Years

CONTACT

1300 W Richey Ave, Artesia, NM 88210

Fred A. Watson

General Practice

Status: Inactive Licensed: 66 Years

CONTACT

1815 W Runyan Ave, Artesia, NM 88210

George A. Graham

General Practice

Status: Deceased Licensed: 67 Years

CONTACT

701 S 18Th St, Artesia, NM 88210

James G. Wilson

Products Liability, State Government, Civil Rights, Employee Rights

Status: In Good Standing

CONTACT

1300 W Richey Ave, Artesia, NM 88210

James E. Haas

General Practice

Status: Deceased Licensed: 45 Years

CONTACT

Artesia, NM 88211

Jeffrey L. Bowman

Oil & Gas, Wills, Business & Trade, Corporate

Status: In Good Standing

CONTACT

611 W Mahone Dr, Artesia, NM 88210

Joel McElroy Carson

Landlord-Tenant, Commercial Real Estate

Status: In Good Standing

CONTACT

Artesia, NM 88211

800-923-0641

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

CREDIT FILE

See credit report.

DISCHARGE (OF DEBTS)

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

SAMPLE LEGAL CASES

Beams v. Rhine

... He alleges that Rhine used the money obtained from the line of credit to pay off premarital credit card debt and to make mortgage payments on another home in Arizona that Rhine purchased before the marriage and was her separate property. ...

Karpien v. Karpien

... That community debt included the balance owed on two mortgages on the home, credit card debt, certain medical bills, and repatriation and funeral expenses that were incurred after Wife's death and paid by Parents. Husband appeals the order of the district court. II. ...

Bank of New York v. Romero

... In early 2006, the Romeros were behind on the New Century loan, which had an estimated payoff of $176,450.08, and were in debt on credit card and other loan obligations. ... (Equity One) for $227,240 that repaid their existing home loan, credit card debt, and other obligations. ...

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Artesia Credit & Debt Lawyer, New Mexico, page 2

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Dong Zee

Ernest L. Carroll

Floyd D. Haake

Frank J. Connelly

Fred A. Watson

George A. Graham

James G. Wilson

James E. Haas

Jeffrey L. Bowman

Joel McElroy Carson

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

BULK SALES LAW

SETOFF

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

BANKRUPTCY TRUSTEE

401(K) PLAN

REDEMPTION

CREDIT FILE

DISCHARGE (OF DEBTS)

SAMPLE LEGAL CASES

Beams v. Rhine

Karpien v. Karpien

Bank of New York v. Romero

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