North Little Rock Bankruptcy & Debt Lawyer, Arkansas, page 5

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
400 West Capitol Avenue Suite 1200 Little Rock, AR 72201» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Little Rock, AR
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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Ernest H. Harper

Wills & Probate, Transactions, Commercial Bankruptcy, Lending

Status: In Good Standing

CONTACT

North Little Rock, AR 72119

Jim Beachboard

Credit & Debt, Bankruptcy, Commercial Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

425 West Capitol, Little Rock, AR 72203

John Gordon Phillips

Social Security, Credit & Debt, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

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North Little Rock, AR 72119

Frederick Stearns Wetzel

Foreclosure, Credit & Debt, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

200 North State Street, Little Rock, AR 72201

Geoffrey B. Treece

Real Estate, Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

111 Center St., Little Rock, AR 72201

Tasha C. Taylor

Construction, Civil Rights, Collection, Medical Malpractice

Status: In Good Standing

CONTACT

12921 Cantrell Rd, Little Rock, AR 72223

Bryan Christian

Estate Planning, Family Law, Elder Law, Collection

Status: In Good Standing

CONTACT

10515 West Markham St., Little Rock, AR 72205

Kent L. Pray

Business, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

Maumelle, AR 72190

Leisa Pulliam

Credit & Debt, Business & Trade, Commercial Real Estate, Gift Taxation

Status: In Good Standing Licensed: 19 Years

CONTACT

Little Rock, AR 72221

Chris P. Corbitt

Real Estate, Intellectual Property, Collection, Construction

Status: In Good Standing

CONTACT

Little Rock, AR 72214

800-923-0641

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LEGAL TERMS

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

CREDITOR

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

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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North Little Rock Bankruptcy & Debt Lawyer, Arkansas, page 5

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Ernest H. Harper

Jim Beachboard

John Gordon Phillips

Frederick Stearns Wetzel

Geoffrey B. Treece

Tasha C. Taylor

Bryan Christian

Kent L. Pray

Leisa Pulliam

Chris P. Corbitt

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LEGAL TERMS

LIMITED PARTNERSHIP

DEFINED CONTRIBUTION PLAN

ACCORD AND SATISFACTION

LIQUIDATING PARTNER

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CURRENT MONTHLY INCOME

CREDITOR

GENERAL PARTNER

FORBEARANCE

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