North Olmsted Bankruptcy & Debt Lawyer, Ohio, page 3

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Ronald Lasko
About | Practice Areas
R. Lasko Co. LPA, LLC
1406 W 6th St STE 200, Cleveland, OH 44113» view map
Business, Estate, Real Estate, Employment
Competent Legal Representation

Let R. Lasko Co. LPA, LLC handle all your legal needs today!

216-574-2602
1. Ronald Lasko Cleveland, OH
  Attorney at Law, OH
  Cleveland-Marshall College of Law, J.D. 1976
2. AboutR. Lasko Co. LPA, LLC
  Competent Legal Representation
3. Practice AreasExpertise
  Business Law
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Christopher Paul Renkel

Litigation, Aviation, Criminal, Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

24500 Center Ridge Rd, Westlake, OH 44145

Kimberly A. Klemenok

Litigation, Workers' Compensation, Employee Rights, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

159 Crocker Park Blvd., Westlake, OH 44145

Caroline Erica Smith

International Other, Health Care Other, Employee Rights, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1991 Crocker Rd, Westlake, OH 44145

Timothy Dale Earls

Tax, International, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

23550 Center Ridge Rd, Westlake, OH 44145

Ricky Lee Bertram

Real Estate, Federal Appellate Practice, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

6200 Riverside Dr, Cleveland, OH 44135

Scott David White

Collection, Family Law, Federal Appellate Practice, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

21300 Lorain Rd, Cleveland, OH 44126

Frederic Paul Schwieg

Commercial Bankruptcy, Workout, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

2705 Gibson Dr, Rocky River, OH 44116

William Joseph Ciszczon

Employee Rights, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

865 Bassett Road, Westlake, OH 44145

Donald Hazard Powers

Real Estate, Electronic Commerce, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 70 Years

CONTACT

2 Berea Commons, Berea, OH 44017

Michael Kenneth Provenza

Bankruptcy, Family Law, Federal Appellate Practice, Criminal

Status: In Good Standing Licensed: 33 Years

CONTACT

6800 Eastland Rd, Cleveland, OH 44130

800-923-0641

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

DISCHARGE (OF DEBTS)

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

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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North Olmsted Bankruptcy & Debt Lawyer, Ohio, page 3

Sponsored Law Firm

R. Lasko Co. LPA, LLC

SPONSORED LAWYERS

Christopher Paul Renkel

Kimberly A. Klemenok

Caroline Erica Smith

Timothy Dale Earls

Ricky Lee Bertram

Scott David White

Frederic Paul Schwieg

William Joseph Ciszczon

Donald Hazard Powers

Michael Kenneth Provenza

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

SOLE PROPRIETORSHIP

DISCHARGE (OF DEBTS)

CREDITOR

SECURED DEBT

DISCHARGEABLE DEBTS

LIMITED LIABILITY

MEANS TEST

PREFERENCE

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