Hartford Bankruptcy & Debt Lawyer, Michigan

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Adam Andrew Beane

Real Estate, Traffic, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  19 Years

Tricia Lyn Smith

Federal Appellate Practice, Labor Law, Family Law, Collection
Status:  In Good Standing           Licensed:  9 Years

Mary Zoe Hutchins

Consumer Rights, Credit & Debt, Social Security, Immigration
Status:  In Good Standing           Licensed:  17 Years

Kelly Gavin Henneman

General Practice
Status:  In Good Standing           Licensed:  13 Years

Kathleen M. Brickley

Litigation, Family Law, Criminal, Collection
Status:  In Good Standing           Licensed:  36 Years

James Alex Kolosowsky

Tax, Family Law, Juvenile Law, Bankruptcy & Debt
Status:  In Good Standing           

Albert W. Laaksonen

Real Estate, Estate Planning, Criminal, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  34 Years

Susan Durian Metzger

Family Law, Divorce & Family Law, Criminal, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  21 Years

Jessica A. Fette

Land Use & Zoning, Trusts, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  24 Years

Gary J. Irving

Lawsuit, Estate, Criminal, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  43 Years

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Free Help: Use This Form or Call 800-943-8690

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Call me for fastest results!
800-943-8690

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)
Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)
The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

FDCPA

See Fair Debt Collections & Practices Act.

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