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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Laurence S. Donahue

Patent, Federal, Employee Rights, Corporate, Collection

Status: In Good Standing

CONTACT

320 Gold Ave Sw, Albuquerque, NM 87102

Jason M. Cline

Bankruptcy & Debt, Foreclosure, Wills, Collection, Garnishment

Status: In Good Standing

CONTACT

320 Gold Ave Sw, Albuquerque, NM 87102

David Alan Richter

Criminal, Business, Collection

Status: In Good Standing

CONTACT

320 Gold Ave Sw, Albuquerque, NM 87102

B.W. Stone

General Practice

Status: In Good Standing

CONTACT

500 Marquette Ave Nw, Albuquerque, NM 87102

Kathleen Elizabeth Aucoin

Corporate, Collection, Personal Injury, Family Law

Status: In Good Standing

CONTACT

500 Marquette Ave Nw, Albuquerque, NM 87102

Ryan Pierce Carson

Biotechnology, Natural Resources, Environmental Law, Corporate, Collection

Status: In Good Standing

CONTACT

802 Iron Ave Se, Albuquerque, NM 87102

Joseph Patrick Turk

Federal, Collection, State Government

Status: In Good Standing

CONTACT

625 Silver Ave Sw, Albuquerque, NM 87102

Tiffany Cornejo

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

625 Silver Ave Sw, Albuquerque, NM 87102

Tiffany Marie Cornejo

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

625 Silver Ave Sw, Albuquerque, NM 87102

Grieta A. Gilchrist

Bankruptcy & Debt, Estate, Bankruptcy, Trusts, Collection

Status: In Good Standing

CONTACT

Albuquerque, NM 87176

800-923-0641

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LEGAL TERMS

CREDITOR

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

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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Isleta Collection Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Laurence S. Donahue

Jason M. Cline

David Alan Richter

B.W. Stone

Kathleen Elizabeth Aucoin

Ryan Pierce Carson

Joseph Patrick Turk

Tiffany Cornejo

Tiffany Marie Cornejo

Grieta A. Gilchrist

TIPS

LEGAL TERMS

CREDITOR

SECURED DEBT

SETOFF

SECRET WARRANTY PROGRAM

WINDING UP

LIMITED PARTNERSHIP

SOLE PROPRIETORSHIP

NO-FAULT INSURANCE

DOING BUSINESS AS (DBA)

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