Concord Bankruptcy & Debt Lawyer, New York

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Raymond Mark Pfeiffer

Landlord-Tenant, Land Use & Zoning, Bankruptcy & Debt, Accident & Injury, Estate
Status:  In Good Standing           Licensed:  36 Years

Jonathan B. Wile

Education, Child Custody, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  35 Years

Leonard Berkowitz

International, Divorce & Family Law, Criminal, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  52 Years

Richard James Friedman

Divorce, Divorce & Family Law, Securities, Bankruptcy
Status:  In Good Standing           Licensed:  17 Years

Lee Jason Fabiatos

Workers' Compensation, Securities, Bankruptcy, Medical Malpractice
Status:  In Good Standing           Licensed:  11 Years

Dennis Charles Gaughan

Real Estate, Estate, Criminal, Bankruptcy & Debt
Status:  In Good Standing           

Brandon Michael Wrazen

Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  12 Years

Mark A. Lillenstein

Real Estate, Government, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  52 Years

James Monroe Shaw

International, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  50 Years

Albert J. Mogavero

Real Estate, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  55 Years

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)
A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FDCPA

See Fair Debt Collections & Practices Act.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)
In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)
In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)
A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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