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Frenchburg Reorganization Lawyer, Kentucky

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Anthony Lewis Barber

Bankruptcy, Litigation, Civil Rights, Workers' Compensation
Status:  In Good Standing           
CONTACT
128 Wells Ave, Owingsville, KY 40360
Profile LAWPOINTS™22/100
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Julie Diane S Williamson

Real Estate, Family Law, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           
CONTACT
Owingsville, KY 40360
Profile LAWPOINTS™22/100
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George L Fletcher

Business & Trade, Bankruptcy
Status:  In Good Standing           
CONTACT
215 Mountain Parkway Spur, Campton, KY 41301
Profile LAWPOINTS™17/100
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Chris Ring

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

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CONTACT
222 Sun Street, Morehead, KY 40351
Profile LAWPOINTS™30/100
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Howard David Stone

Bankruptcy & Debt
Status:  In Good Standing           
CONTACT
2944 W Tunnel Hill Rd, Owingsville, KY 40360
Profile LAWPOINTS™17/100
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Jessica Lee Newman

Foreclosure, Collection, Family Law, Estate Planning
Status:  In Good Standing           
CONTACT
208 Main Street, Irvine, KY 40336
Profile LAWPOINTS™17/100
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800-923-0641

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Easily find Frenchburg Reorganization Lawyers and Frenchburg Reorganization Law Firms. For more attorneys, search all Bankruptcy & Debt areas including Bankruptcy, Collection, Credit & Debt and Workout attorneys.

LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)
A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

TRADE NAME

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

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.

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.

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