Cherry Hill Bankruptcy & Debt Lawyer, New Jersey

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Mark Cherry
About | Practice Areas
Mark Cherry Law
385 Kings Highway North Suite 101 Cherry Hill, NJ 08034Â» view map
Bankruptcy & Debt
Where Every Client Matters

We want our clients to be confident and secure knowing we are a law firm ready to take on the fight and challenge with them.

800-824-6431
1. Mark Cherry Cherry Hill, NJ
  Attorney at Law - NJ, 1986
  Widener University J.D. 1986
2. AboutMark Cherry Law
  I will work with you whichever direction you choose to go.
3. Practice AreasSpecializations
  Bankruptcy & Debt
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Robert H. Johnson

✓ VERIFIED

Bankruptcy & Debt, Foreclosure, Bankruptcy

Robert H. Johnson has spent his career representing clients in U.S. Bankruptcy Court and New Jersey insolvency proceedings. Prior to founding this fi... (more)

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CONTACT

800-774-9731

1818 Old Cuthbert Rd, Cherry Hill, NJ 08034

Mark Stuart Cherry

✓ VERIFIED

Accident & Injury, Bankruptcy & Debt, Criminal, Estate, Lawsuit & Dispute

Bankruptcy, Real Estate, and Litigation

Mark S Cherry, Attorney at Law, PC is a general practice professional law firm in Cherry Hill, NJ that, in addition to the general practice of law, as... (more)

CONTACT

800-824-6431

385 Kings Hwy N, Cherry Hill, NJ 08034

Robert N. Braverman

Foreclosure, Contract, Business Organization, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

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800 N. Kings Highway, Cherry Hill, NJ 08034

Michelle H. Badolato

Banking & Finance, Bankruptcy Litigation, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

360 Haddon Avenue, Collingswood, NJ 08108

Taironda E. Phoenix

Corporate, Business, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

360 Haddon Avenue, Collingswood, NJ 08108

Kevin Huang

Bankruptcy, Litigation

Status: In Good Standing

CONTACT

457 Haddonfield Road, Cherry Hill, NJ 08002

Elissa Westbrook Smith

Civil Rights, Divorce, Employment, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

46 West Main Street, Maple Shade, NJ 08052

Mary Ellen Rose

Corporate, Business Organization, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

8000 Midlantic Dr., Ste 300 S, Mount Laurel, NJ 08054

Peter S. Bejsiuk

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing

CONTACT

8000 Midlantic Dr., Ste 300 S, Mount Laurel, NJ 08054

Drew A. Molotsky

Landlord-Tenant, Foreclosure, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1000 Lenola Road, Moorestown, NJ 08057

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

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

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

DISCHARGE (OF DEBTS)

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

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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.

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.

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Cherry Hill Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Robert H. Johnson

Mark Stuart Cherry

Robert N. Braverman

Michelle H. Badolato

Taironda E. Phoenix

Kevin Huang

Elissa Westbrook Smith

Mary Ellen Rose

Peter S. Bejsiuk

Drew A. Molotsky

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LEGAL TERMS

LIQUIDATING PARTNER

ABUSE

DISCHARGE (OF DEBTS)

SETOFF

INFRINGEMENT (OF TRADEMARK)

CHAPTER 13 BANKRUPTCY

FAIR CREDIT REPORTING ACT (FCRA)

COSIGNER

LIMITED PARTNERSHIP

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