New Richmond Bankruptcy & Debt Lawyer, Ohio

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Justin C. Walker

Real Estate, DUI-DWI, Criminal, Bankruptcy & Debt
Status:  In Good Standing           

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Corinne Marie Faris

Patent, Environmental Law Other, Corporate, Bankruptcy, Electronic Commerce
Status:  In Good Standing           Licensed:  44 Years

Gregory Max Wetherall

Real Estate, Collection, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  28 Years

Jeffry Drew Ferguson

Real Estate, Juvenile Law, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  39 Years

Charles Joseph Tekulve

Insurance, Bankruptcy, Personal Injury, Litigation
Status:  Inactive           Licensed:  67 Years

Mark Joseph Tekulve

Family Law, Corporate, Bankruptcy, Medical Malpractice
Status:  In Good Standing           Licensed:  37 Years

David John Frey

Government, Family Law, Corporate, Bankruptcy
Status:  In Good Standing           Licensed:  49 Years

Gregory William Hoover

Workers' Compensation, Employee Rights, Corporate, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  12 Years

Thomas Michael Glennon

Landlord-Tenant, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  24 Years

Anthony Wayne Brock

Insurance, Litigation, Personal Injury, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  32 Years

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

CREDIT FILE

See credit report.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)
A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)
In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)
A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

CREDITOR

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

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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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