De Soto County, LA Bankruptcy & Debt Lawyers

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Lars Levy
About | Practice Areas
Simon, Fitzgerald, Cooke, Reed and Welch
4700 Line Ave Ste 200 Shreveport, LA 71106» view map
Bankruptcy & Debt Law
Experienced Attorneys Serving You

The law firm of Simon, Fitzgerald, Cooke, Reed and Welch has helped thousands of people find true relief from debt through bankruptcy

800-769-0341
1. Lars Levy Ste 200 Shreveport, LA
  Attorney at Law- LA, 2002
  Paul M. Hebert Law Center, J.D. 2002
2. AboutSimon, Fitzgerald, Cooke, Reed and Welch
  Experienced Bankruptcy Attorneys Serving You
3. Practice AreasExpertise
  Bankruptcy & Debt Law
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Bryce Jefferson Denny

Employee Rights, Litigation, Public Utilities

Status: In Good Standing Licensed: 41 Years

CONTACT

209 Polk St, Mansfield, LA 71052

Andrew Bradley Freyer

Government, Divorce & Family Law, Criminal

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Adrienne Danielle White

General Practice

Status: In Good Standing Licensed: 20 Years

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213 Texas St, Mansfield, LA 71052

Brenda Fay Ford

Other, Government, Criminal, Accident & Injury

Status: In Good Standing Licensed: 46 Years

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215 Washington Ave, Mansfield, LA 71052

John Stephen Evans

Real Estate, Lawsuit & Dispute

Status: In Good Standing Licensed: 19 Years

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100 N Jefferson St, Mansfield, LA 71052

Murphy J White

Industry Specialties, Employment, Business

Status: In Good Standing Licensed: 43 Years

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213 Texas St, Mansfield, LA 71052

Melisa Taylor

Federal Trial Practice

Status: In Good Standing Licensed: 18 Years

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Mansfield, LA 71052

Brian Clayton Mcrae

General Practice

Status: In Good Standing Licensed: 33 Years

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92 Polk St, Mansfield, LA 71052

Richard Z Johnson

General Practice

Status: Inactive Licensed: 36 Years

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1006 Oxford Rd, Mansfield, LA 71052

Robert E Plummer

Real Estate, Government, Environmental Law, Business

Status: In Good Standing Licensed: 52 Years

CONTACT

214 Adams St, Mansfield, LA 71052

800-923-0641

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LEGAL TERMS

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

FCBA

See Fair Credit Billing Act.

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.

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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De Soto County, LA Bankruptcy & Debt Lawyers

Sponsored Law Firm

Simon, Fitzgerald, Cooke, Reed and Welch

SPONSORED LAWYERS

Bryce Jefferson Denny

Andrew Bradley Freyer

Adrienne Danielle White

Brenda Fay Ford

John Stephen Evans

Murphy J White

Melisa Taylor

Brian Clayton Mcrae

Richard Z Johnson

Robert E Plummer

TIPS

LEGAL TERMS

PREFERENCE

FORBEARANCE

DISCHARGEABLE DEBTS

FCBA

ADMINISTRATIVE EXPENSES

C CORPORATION

LIABILITY

COLLATERAL

PRESUMED ABUSE

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