Guilford Bankruptcy & Debt Lawyer, New York

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James George Duffy

Real Estate, Estate, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  72 Years

Angelina Cutrona

Landlord-Tenant, Trusts, Employee Rights, Divorce, Bankruptcy
Status:  In Good Standing           

Alan Michael Hess

Bankruptcy & Debt
Status:  In Good Standing           Licensed:  35 Years

Carman Michael Garufi

Divorce, Child Custody, Children's Rights, Collection
Status:  In Good Standing           Licensed:  41 Years

Peter A. Orville

Motor Vehicle, Divorce, Criminal, Bankruptcy & Debt
Status:  In Good Standing           

Donald M. Sukloff

International, Family Law, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing           

Thomas Lawrence Knaphle

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  52 Years

Mark David Spinner

Telecommunications, Credit & Debt, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  26 Years

James Rothe

Dispute Resolution, Wills & Probate, Wrongful Termination, Criminal, Credit & Debt
Status:  In Good Standing           Licensed:  45 Years

Frederick J. Meagher

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury
Status:  Suspended           Licensed:  47 Years

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

TRADE NAME

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

COLLATERAL

Property that guarantees payment of a secured debt.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)
Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)
A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)
A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)
A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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