Echo Credit & Debt Lawyer, Louisiana

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Thomas C. McBride

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

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Dan B. Mckay

Consumer Bankruptcy, Wrongful Death, Mesothelioma, Bankruptcy & Debt, Wrongful Death
Status:  In Good Standing           

Evelyn Irene Breithaupt

Clean Air Practice, Employee Rights, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  14 Years

Bradley Loy Drell

Bankruptcy & Debt, Business, Litigation
Status:  In Good Standing           

B. Gene Taylor

Corporate, Litigation, Bankruptcy, Insurance
Status:  In Good Standing           

E. Trent Mccarthy

Litigation, Civil Rights, Corporate, Credit & Debt
Status:  In Good Standing           

Eli Jules Meaux

Litigation, Commercial Bankruptcy, Commercial Real Estate
Status:  In Good Standing           Licensed:  13 Years

Gary B. Tillman

Wills, Business & Trade, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  36 Years

Thomas Rockwell Willson

Criminal, Elder Law, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  46 Years

William Gregory Beard

Personal Injury, Credit & Debt, Workers' Compensation, Family Law
Status:  In Good Standing           Licensed:  33 Years

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

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800-943-8690

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)
An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)
A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FCRA

See Fair Credit Reporting Act.

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.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)
Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

SAMPLE LEGAL CASES

Hill v. Hill

... Through negotiations, the first mortgage was paid off and cancelled and the holder of the line of credit debt agreed to release its security interest on the property and forgive any deficiency balance in return for a payment of $17,560.00. ...

Franklin Credit Management Corporation v. Gray

2 So.3d 598 (2009). FRANKLIN CREDIT MANAGEMENT CORPORATION v. Percy GRAY, Jr. No. ... 599 Patrick D. Breeden, New Orleans, LA, for Appellant, Percy Gray, Jr. Charles H. Heck, Jr., Dean Morris, LLP, Monroe, LA, for Appellee, Franklin Credit Management Corporation. ...

Knox v. West Baton Rouge Credit, Inc.

... A judgment sustaining WBR Credit's exception of prescription and dismissing plaintiff's declaratory action with prejudice was signed on January 30, 2008. ... the executory proceeding is pending, either in the executory proceeding or in a separate suit, "when the debt secured by ...