Glenmont Bankruptcy & Debt Lawyer, Ohio, page 5

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Ronald Lasko
About | Practice Areas
R. Lasko Co. LPA, LLC
1406 W 6th St STE 200, Cleveland, OH 44113» view map
Business, Estate, Real Estate, Employment
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Let R. Lasko Co. LPA, LLC handle all your legal needs today!

216-574-2602
1. Ronald Lasko Cleveland, OH
  Attorney at Law, OH
  Cleveland-Marshall College of Law, J.D. 1976
2. AboutR. Lasko Co. LPA, LLC
  Competent Legal Representation
3. Practice AreasExpertise
  Business Law
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Robert Anthony Franco

Real Estate, Social Security, Corporate, Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

1007 Lexington Ave, Mansfield, OH 44907

Deborah Lynn Mack

Tax, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

53 E Main St, Mansfield, OH 44904

Joseph Pettigrew Kearns

Tax, Federal Appellate Practice, Elder Law, Collection

Status: In Good Standing Licensed: 30 Years

CONTACT

153 W Main St, Ashland, OH 44805

Gregory Francis Locke

Corporate, Family Law, Personal Injury, Commercial Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

34 W 2Nd St, Ashland, OH 44805

Nancy Nordstrom Locke

Estate Planning, Family Law, Elder Law, Collection

Status: In Good Standing Licensed: 47 Years

CONTACT

34 W 2Nd St, Ashland, OH 44805

David Collins Badnell

Social Security, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

21 N Walnut St, Mansfield, OH 44902

Andrew Jon Burton

Federal Appellate Practice, Family Law, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

9 N Mulberry St, Mansfield, OH 44902

David Nicholas Haring

Real Estate, Estate, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

99 Park Ave W, Mansfield, OH 44902

John William Rozic

Tax, Real Estate, Corporate, Collection, Criminal

Status: In Good Standing Licensed: 71 Years

CONTACT

665 Lexington Avenue, Mansfield, OH 44907

James Lee Childress

Environmental Law Other, Employee Rights, Civil Rights, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

6 W 3rd St, Mansfield, OH 44902

800-923-0641

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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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CREDITOR

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

CCCS

See Consumer Credit Counseling Service.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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Glenmont Bankruptcy & Debt Lawyer, Ohio, page 5

Sponsored Law Firm

R. Lasko Co. LPA, LLC

SPONSORED LAWYERS

Robert Anthony Franco

Deborah Lynn Mack

Joseph Pettigrew Kearns

Gregory Francis Locke

Nancy Nordstrom Locke

David Collins Badnell

Andrew Jon Burton

David Nicholas Haring

John William Rozic

James Lee Childress

TIPS

LEGAL TERMS

S CORPORATION

LIABILITY

PRESUMED ABUSE

MEANS TEST

CREDITOR

CCCS

MEETING OF CREDITORS

DEBT COLLECTOR

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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