Chesapeake Bankruptcy & Debt Lawyer, Virginia, page 5

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Tim Anderson
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Anderson & Associates, PC
2492 North Landing Road Ste. 104 Virginia Beach, VA 23456Â» view map
Criminal Law
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Proudly serving Virginia Beach and the surrounding areas.

800-217-0430
1. Tim Anderson Virginia Beach, VA
  Attorney at Law - VA, 1999
  Regent University School of Law, J.D.
2. AboutAnderson & Associates, PC
  Proudly serving Virginia Beach
3. Practice AreasExpertise
  Criminal
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Steven L. Brown

Corporate, Business Organization, Banking & Finance, Collection

Status: In Good Standing

CONTACT

770 Independence Circle, Virginia Beach, VA 23455

Rhiannon Jordan

Bankruptcy, DUI-DWI, Divorce, Personal Injury

Status: In Good Standing

CONTACT

7508 Granby Street, Norfolk, VA 23505

John Aloysius Monaghan

Real Estate, Criminal, Credit & Debt, Family Law

Status: In Good Standing

CONTACT

4221 Indian River Rd, Virginia Beach, VA 23456

Meredith Helen Flori

Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

1301 Llewellyn Ave, Norfolk, VA 23517

David B Levin

Litigation, Collection

Status: In Good Standing Licensed: 18 Years

CONTACT

120 Corporate Blvd, Norfolk, VA 23502

David B Levin

Collection, Litigation

Status: In Good Standing Licensed: 18 Years

CONTACT

120 Corporate Blvd, Norfolk, VA 23502

Jennifer Paige Braml Jackson

Commercial Real Estate, Litigation, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

140 Corporate Blvd, Norfolk, VA 23502

Timolyn Whitney Tillman

Traffic, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

One Columbus Center, Virginia Beach, VA 23462

Charles Havener

Adoption, Civil & Human Rights, Bankruptcy, Bankruptcy & Debt, Medical Malpractice

Status: In Good Standing

CONTACT

3808 Poplar Hill Road, Chesapeake, VA 23321

John Gerth Merna

Bankruptcy & Debt, Bankruptcy, Foreclosure, Credit & Debt

Status: In Good Standing

CONTACT

621 North Lynnhaven Road, Virginia Beach, VA 23452

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

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.

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Chesapeake Bankruptcy & Debt Lawyer, Virginia, page 5

Sponsored Law Firm

Anderson & Associates, PC

SPONSORED LAWYERS

Steven L. Brown

Rhiannon Jordan

John Aloysius Monaghan

Meredith Helen Flori

David B Levin

David B Levin

Jennifer Paige Braml Jackson

Timolyn Whitney Tillman

Charles Havener

John Gerth Merna

TIPS

LEGAL TERMS

ABUSE

CHAPTER 13 BANKRUPTCY

NONDISCHARGEABLE DEBTS

PRIORITY DEBT

CHAPTER 13 PLAN

FDCPA

S CORPORATION

LIABILITY

CHAPTER 7 BANKRUPTCY

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