Euclid Reorganization Lawyer, Ohio

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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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Nancy Anne Valentine

Litigation, Transactions, Reorganization, Credit & Debt

Status: Licensed: 27 Years

CONTACT

200 Public Square, Cleveland, OH 44114

Jennifer Lynn Seidman

Reorganization

Status: Licensed: 16 Years

CONTACT

901 Lakeside Ave, Cleveland, OH 44114

Shannon Marie Byrne

Transactions, Reorganization, Credit & Debt, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

200 Public Square, Cleveland, OH 44114

800-814-6700

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LEGAL TERMS

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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).

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

FDCPA

See Fair Debt Collections & Practices Act.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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Euclid Reorganization Lawyer, Ohio

Sponsored Law Firm

Law Office of Kathleen Donnelly

SPONSORED LAWYERS

Nancy Anne Valentine

Jennifer Lynn Seidman

Shannon Marie Byrne

TIPS

LEGAL TERMS

LIMITED LIABILITY

INTEREST

CREDIT REPORT

CREDITOR

WORKOUT

FDCPA

INFRINGEMENT (OF TRADEMARK)

GARNISHMENT

CHAPTER 13 BANKRUPTCY

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