Hartford Collection Lawyer, Connecticut, page 3

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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
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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
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Charles J Filardi

Corporate, Business Organization, Collection, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

New Haven, CT 06530

Charles John Filardi

Bankruptcy & Debt, Bankruptcy, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

P.O. BOX 8177, New Haven, CT 06530

Michael W. Sheehan

Real Estate, Corporate, Collection, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

38 Huntington Street, New London, CT 06320

Kenneth A. Leary

Child Support, Contract, Business Organization, Collection, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

164 Hempstead St, New London, CT 06320

Bryan L. LeClerc

Class Action, Corporate, Collection, Bankruptcy Litigation

Status: In Good Standing Licensed: 37 Years

CONTACT

75 Broad St, Milford, CT 06460

Abraham M. Hoffmann

Residential Real Estate, Wills & Probate, Corporate, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

4154 Madison Ave, Trumbull, CT 06611

800-923-0641

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800-943-8690

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LEGAL TERMS

DISCHARGE (OF DEBTS)

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

TRADE NAME

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

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Hartford Collection Lawyer, Connecticut, page 3

Sponsored Law Firm

Johnson Law

SPONSORED LAWYERS

Charles J Filardi

Charles John Filardi

Michael W. Sheehan

Kenneth A. Leary

Bryan L. LeClerc

Abraham M. Hoffmann

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LEGAL TERMS

DISCHARGE (OF DEBTS)

TRADE NAME

INTEREST

NUISANCE FEES

GENERAL PARTNER

LIMITED PARTNERSHIP

UNDUE HARDSHIP

LIABILITY

LIMITED LIABILITY

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