Gilbert Bankruptcy & Debt Lawyer, Pennsylvania

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Vincent Rubino
About | Practice Areas
Newman Williams, P.C.
712 Monroe St P.O. Box 511 Stroudsburg, PA 18360» view map
Bankruptcy & Debt
A Legacy Of Solving Clients' Problems

We are proud to uphold a decades-long tradition of serving clients with courtesy, honesty and integrity. We have been here for you, and we will continue assistance into the future.

570-421-9090
1. Vincent Rubino Stroudsburg, PA
  Attorney at Law - PA, 1987
  Hofstra University J.D. 1987
2. AboutNewman Williams, P.C.
  A Tradition Of Service And Results
3. Practice AreasExpertise
  Bankruptcy & Debt
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Bradley Warren Weidenbaum

Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

1479 Route 209 South, Brodheadsville, PA 18322

Marvin Wolf

Immigration, Divorce & Family Law, Contract, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

2334 Us Route 209, Sciota, PA 18354

Brett Riegal

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

18 North 8th Street, Stroudsburg, PA 18360

Patrick James Best

Real Estate, Government, Bankruptcy & Debt

Status: In Good Standing

CONTACT

18 N 8Th St, Stroudsburg, PA 18360

Jason Zac Christman

Military, Landlord-Tenant, Bankruptcy & Debt, Personal Injury

Status: In Good Standing

CONTACT

556 Main Street, Stroudsburg, PA 18360

Barry J. Cohen

Education, Real Estate, Motor Vehicle, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

11 S 7Th St, Stroudsburg, PA 18360

Eric Carl Closs

Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

701 Main St, Stroudsburg, PA 18360

David Russel Yoder

Child Custody, Collection

Status: In Good Standing Licensed: 29 Years

CONTACT

513 Sarah St, Stroudsburg, PA 18360

Scott Matthew Amori

Government, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

513 Sarah St, Stroudsburg, PA 18360

Philip P. Morrissey

Industry Specialties, Estate, Bankruptcy & Debt

Status: Inactive Licensed: 46 Years

CONTACT

1038 Poplar Valler Rd E, Stroudsburg, PA 18360

800-923-0641

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

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.

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.

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).

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

Gilbert Bankruptcy & Debt Lawyer, Pennsylvania

Sponsored Law Firm

Newman Williams, P.C.

SPONSORED LAWYERS

Bradley Warren Weidenbaum

Marvin Wolf

Brett Riegal

Patrick James Best

Jason Zac Christman

Barry J. Cohen

Eric Carl Closs

David Russel Yoder

Scott Matthew Amori

Philip P. Morrissey

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

S CORPORATION

C CORPORATION

BANKRUPTCY TRUSTEE

CREDIT REPORT

COLLATERAL

PRESUMED ABUSE

REDEMPTION

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