Lake Grove Bankruptcy & Debt Lawyer, New York

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Aida Saba Cavooris

Civil Rights, International Tax, Bankruptcy, Contract, Personal Injury
Status:  In Good Standing           Licensed:  24 Years

Alan Pressman

DUI-DWI, Criminal, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  44 Years

Alan Peter Pressman

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  44 Years

Alison Margaret Berdnik

Commercial Real Estate, Litigation, Bankruptcy, Medical Malpractice
Status:  In Good Standing           Licensed:  24 Years

Allison Leigh Lampert

Industry Specialties, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  23 Years

Andre Nicholas Poulis

Commercial Bankruptcy
Status:  In Good Standing           Licensed:  29 Years

Andrew Ross Wolk

Health Care, Divorce & Family Law, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  45 Years

Angelo Louis Siragusa

Collection, Bankruptcy
Status:  In Good Standing           Licensed:  26 Years

Anneris Marlene Pena

Divorce & Family Law, Criminal, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  27 Years

Annette Terry Altman

Bankruptcy & Debt
Status:  In Good Standing           Licensed:  23 Years

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

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800-943-8690

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

FDCPA

See Fair Debt Collections & Practices Act.

DISCHARGE (OF DEBTS)

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

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)
In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

FCBA

See Fair Credit Billing Act.