Connelly Bankruptcy & Debt Lawyer, New York

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George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce
Status:  In Good Standing           

Rebecca Ann Millouras-Lettre

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

Melvin Thomas Higgins

Real Estate, Child Support, Banking & Finance, Bankruptcy
Status:  In Good Standing           Licensed:  53 Years

Mitchell L. Jaiven

Industry Specialties, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  39 Years

Richard Roy Williams

Mass Torts, Litigation, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  11 Years

Wayne Lee Graff

Real Estate, Immigration, Wills & Probate, Civil Rights, Bankruptcy
Status:  In Good Standing           

Brian Juran

Bankruptcy & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  27 Years

Matthew Thomas Dunn

Lawsuit & Dispute, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  21 Years

Nicholas Anthony Pascale

Real Estate, Lawsuit & Dispute, Government, Bankruptcy & Debt
Status:  In Good Standing           

Jason Joseph Kovacs

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury
Status:  In Good Standing           Licensed:  21 Years

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

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LEGAL TERMS

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)
A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)
A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

COLLATERAL

Property that guarantees payment of a secured debt.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)
A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

CCCS

See Consumer Credit Counseling Service.

CREDIT FILE

See credit report.

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