Hattiesburg Credit & Debt Lawyer, Mississippi


S Joel Johnson

Litigation, Banking & Finance, Credit & Debt, Personal Injury
Status:  In Good Standing           

Al Shiyou

Social Security -- Disability, Workers' Compensation, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  39 Years

F Douglas Montague

Real Estate, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  46 Years

Angela Davis-Morris

Credit & Debt, Personal Injury, Social Security -- Disability, Disability
Status:  In Good Standing           
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Damon Glenn Carpenter

Estate, Banking & Finance, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  15 Years

Joe D Stevens

Health Care, Banking & Finance, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  30 Years

J Ward Conville

Foreclosure, Collection, Personal Injury, Accident & Injury
Status:  In Good Standing           Licensed:  22 Years

B W Curry

Federal Trial Practice, Civil & Human Rights, Corporate, Collection
Status:  In Good Standing           Licensed:  46 Years

Timothy James Evans

Collection, Car Accident, Civil Rights, DUI-DWI
Status:  In Good Standing           

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

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Call me for fastest results!
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By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)
A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)
As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)
In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)
Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

SAMPLE LEGAL CASES

Jenkins v. Jenkins

... I. CREDIT-CARD DEBT. ... Johnny testified that he and Kathryn were "getting sued by Trustmark Bank for nonpayment of a credit card debt." Johnny also testified that he did not "know anything about the credit card" and that he "personally did not have" a Trustmark Visa card. ...

Jenkins v. Jenkins

... I. CREDIT-CARD DEBT. ... Johnny testified that he and Kathryn were "getting sued by Trustmark Bank for nonpayment of a credit card debt." Johnny also testified that he did not "know anything about the credit card" and that he "personally did not have" a Trustmark Visa card. ...

Dickerson v. Dickerson

... be distributed to Jeff. ¶ 11. Responsibility for the parties' credit card debt was in dispute. The chancellor found that $14,167.10 in credit card debt was marital debt, which the chancellor ordered Jeff to pay. ¶ 12. The parties also ...