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

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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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

FRAUDULENT TRANSFER

LIABILITY

CURRENT MONTHLY INCOME

BANKRUPTCY

NONEXEMPT PROPERTY

FORBEARANCE

GENERAL PARTNER

SOLE PROPRIETORSHIP

REDEMPTION

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