Glastonbury Credit & Debt Lawyer, Connecticut

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Lee Johnson
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Johnson Law
350 Silas Deane Highway Suite 301 Wethersfield, CT 06109 » view map
Real Estate, Bankruptcy
Service. Trust. Confidence.

This Law office was built on individual service to each client, one at a time. For over 35 years we have engaged in the General Practice of Law in the State of Connecticut.

800-583-7030
1. Lee Johnson Wethersfield, CT
  Attorney At Law - CT, 1981
  WNE Law J.D 1981
2. Our Vision
  Service-Trust-Confidence-- that you can depend on.
3. Contact UsEmail or Call 24/7
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R. Richard Croce

✓ VERIFIED

Consumer Bankruptcy, Bankruptcy & Debt, Foreclosure, Landlord-Tenant, Credit & Debt

A native of Wellesley, Massachusetts, R. Richard Croce was admitted to the Connecticut bar in 1990 and The United States District Court for the Distri... (more)

CONTACT

860-316-5404

438 Main Street, Middletown, CT 06457

Thomas J. Farrell

Mass Torts, Litigation, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

274 Silas Deane Highway, Wethersfield, CT 06109

Sandra L. Kelsey

Bankruptcy, Corporate, Credit & Debt, Estate Planning

Status: In Good Standing

CONTACT

89 Oak Street, Hartford, CT 06106

Joshua R.I. Cohen

Consumer Protection, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

1224 Mill Street, Building B, East Berlin, CT 06023

Robert F. Vacchelli

General Practice

Status: Inactive Licensed: 41 Years

CONTACT

47 Tall Timbers Ln, Glastonbury, CT 06033

Patrick L Kennedy

Credit & Debt

Status: In Good Standing

CONTACT

Manchester, CT 06040

Patrick L. Kennedy

Credit & Debt

Status: In Good Standing

CONTACT

Manchester, CT 06040

Ronald Ian Chorches

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

449 Silas Deane Highway, Wethersfield, CT 06109

Jeanine Marie Dumont

Real Estate, Government, Civil & Human Rights, Credit & Debt

Status: In Good Standing

CONTACT

111 Founders Plaza, East Hartford, CT 06108

Houston Putnam Lowry

Lawsuit & Dispute, Uniform Commercial Code, Business, Credit & Debt, Bankruptcy Litigation

Status: In Good Standing Licensed: 44 Years

CONTACT

6 Central Row, Hartford, CT 06103

800-923-0641

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

FCRA

See Fair Credit Reporting Act.

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.

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.

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.

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.

SAMPLE LEGAL CASES

Nappo v. Merrill Lynch Credit Corp.

... the validity of a mortgage on her residential property in Avon held by the defendant, Merrill Lynch Credit Corporation. The plaintiff claims that the mortgage should be discharged because the evidence presented at trial failed to establish that she owed the defendant a debt. ...

Credit One, LLC v. Head

... [4] The defendant essentially requested information on why Debt One, LLC, was listed on the assignment agreement submitted by the plaintiff, as well as why the credit account terms and conditions submitted by the plaintiff refer to AT&T Universal Bank instead of Citibank. ...

Glastonbury Credit & Debt Lawyer, Connecticut

Sponsored Law Firm

Johnson Law

SPONSORED LAWYERS

R. Richard Croce

Thomas J. Farrell

Sandra L. Kelsey

Joshua R.I. Cohen

Robert F. Vacchelli

Patrick L Kennedy

Patrick L. Kennedy

Ronald Ian Chorches

Jeanine Marie Dumont

Houston Putnam Lowry

TIPS

LEGAL TERMS

FDCPA

SETOFF

C CORPORATION

FCRA

PRESUMED ABUSE

REDEMPTION

ADMINISTRATIVE EXPENSES

S CORPORATION

INTEREST

SAMPLE LEGAL CASES

Nappo v. Merrill Lynch Credit Corp.

Credit One, LLC v. Head

NAPPO v. MERRILL LYNCH CREDIT CORP.

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