Cherokee County, GA Bankruptcy & Debt Lawyers

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Joshua Arnold Nelson Lawyer

Joshua Arnold Nelson

International Tax, Bankruptcy, Elder Law, Administrative Law, Business

Josh Nelson is an Attorney and Alliance Architect for Nelson Elder Care Law. He focuses his practice on finance, banking, and insurance to compliment ... (more)

Rudolph (Rudy) T. Gordon

Business Successions, Business Organization, Bankruptcy Litigation, Bankruptcy
Status:  Inactive           Licensed:  37 Years

B. Glen Johnson

Landlord-Tenant, Family Law, Divorce & Family Law, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  46 Years

Jeffrey Mark Heller

Traffic, Social Security, Criminal, Bankruptcy & Debt
Status:  In Good Standing           

Mark David Tepsic

Intellectual Property, Federal Trial Practice, Corporate, Credit & Debt
Status:  In Good Standing           Licensed:  26 Years

Eugene Michael Vereen

Criminal, Business, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  36 Years

Theron D. Warren

Real Estate, Federal Trial Practice, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  43 Years

Michael Edward Bierman

Car Accident, Civil Rights, Business, Consumer Bankruptcy
Status:  In Good Standing           

Caryn S. Fennell

Litigation, Family Law, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  14 Years

FREE CONSULTATION 

CONTACT

Jessica Marie Chapman

Family Law, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

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LEGAL TERMS

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.

FCBA

See Fair Credit Billing Act.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)
A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

DISCHARGE (OF DEBTS)

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

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)
A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)
Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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