Cleveland Bankruptcy & Debt Lawyer, Ohio, page 4

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Kathleen Donnelly
About Us | Contact Us
Law Office of Kathleen Donnelly
526 Superior Ave #1030 Cleveland, OH 44114Â» view map
Chapter 7, Chapter 13, Free Evaluations
Need Debt Relief? Contact Me Today

There is hope for debt relief. At the Cleveland, Ohio, law office of Kathleen Donnelly, we help people like you to escape from under mountains of debt.

800-413-4100
1. Kathleen Donnelly Cleveland, Ohio
  Attorney at Law-OH,1988
  Cleveland State University, J.D. 1988
2. About UsKathleen Donnelly
  Find out what makes us one of the top law firms in the country for bankruptcy.
3. Contact UsCall or Email Right Now
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Richard T. Spotz

Estate Administration, Wills & Probate, Estate Planning, Bankruptcy

Status: In Good Standing

CONTACT

1111 Superior Ave, Cleveland, OH 44114

Stephen M. Bales

Dispute Resolution, Arbitration, Americans with Disabilities Act , Bankruptcy, Estate

Status: In Good Standing

CONTACT

1111 Superior Ave, Cleveland, OH 44114

Christopher E. Soukup

Commercial Leasing, Corporate, Business Organization, Collection

Status: In Good Standing

CONTACT

1111 Superior Ave, Cleveland, OH 44114

William L. Spring

Elder Law, Business Successions, Business Organization, Dissolution

Status: In Good Standing

CONTACT

1111 Superior Ave, Cleveland, OH 44114

Robert L. Metzger

Elder Law, Business Successions, Business Organization, Dissolution

Status: In Good Standing

CONTACT

1111 Superior Ave, Cleveland, OH 44114

Paul S Kuzmickas

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

2012 W 25th St Ste 701, Cleveland, OH 44113

Thomas M. Wilson

Litigation, Wills & Probate, Bankruptcy, Wrongful Death

Status: In Good Standing

FREE CONSULTATION

CONTACT

127 Public Square, 2200 Key Tower, Cleveland, OH 44114

Kirk W. Roessler

Corporate, Business Organization, Collection, Commercial Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

1301 E 9Th St, Cleveland, OH 44114

Patrick J. O'Malley

Construction, Family Law, Collection, Products Liability

Status: In Good Standing

CONTACT

55 Public Square, Cleveland, OH 44113

David Michael Benson

Foreclosure, Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

1422 Euclid Avenue, Cleveland, OH 44115

800-923-0641

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LEGAL TERMS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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Cleveland Bankruptcy & Debt Lawyer, Ohio, page 4

Sponsored Law Firm

Law Office of Kathleen Donnelly

SPONSORED LAWYERS

Richard T. Spotz

Stephen M. Bales

Christopher E. Soukup

William L. Spring

Robert L. Metzger

Paul S Kuzmickas

Thomas M. Wilson

Kirk W. Roessler

Patrick J. O'Malley

David Michael Benson

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LEGAL TERMS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

GARNISHMENT

COLLECTION AGENCY

SOLE PROPRIETORSHIP

REDEMPTION

AUTOMATIC STAY

CHAPTER 13 PLAN

FDCPA

S CORPORATION

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