Cambra Bankruptcy & Debt Lawyer, Pennsylvania, page 2

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Michael P. Gregorowicz

Employment, Family Law, Bankruptcy & Debt, Car Accident
Status:  In Good Standing           Licensed:  45 Years

Robert Spielman

Traffic, Divorce, Consumer Rights, Bankruptcy
Status:  In Good Standing           

Joseph Nicholas Demko

Litigation, Lawsuit & Dispute, Business, Bankruptcy & Debt
Status:  In Good Standing           

Brice Cornell Paul

Collection
Status:  In Good Standing           

Robert Peter Sheils

Real Estate, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  54 Years

Francis J. Konopka

Divorce & Family Law, Criminal, Elder Law, Credit & Debt
Status:  In Good Standing           Licensed:  52 Years

Robert W. Buehner

Government, Bankruptcy & Debt
Status:  Deceased           Licensed:  46 Years

Laurie Lynn Pickle

Motor Vehicle, Divorce, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  20 Years

John Slater Rodman

Bankruptcy
Status:  In Good Standing           Licensed:  46 Years

Susan Kessock

Social Security, Divorce & Family Law, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  19 Years

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800-943-8690

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)
(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

FDCPA

See Fair Debt Collections & Practices Act.

TRADE NAME

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

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)
The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)
A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

FCBA

See Fair Credit Billing Act.

COLLATERAL

Property that guarantees payment of a secured debt.