Pahokee Credit & Debt Lawyer, Florida, page 12

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Michael Johnson
About | Practice Areas
Law Offices Of Michael H. Johnson, P.A.
3601 W. Commercial Blvd Suite 31 Fort Lauderdale, FL 33309» view map
Bankruptcy & Debt
Experienced Legal Guidance

I know how important getting out of debt can be, and I’m committed to providing innovative, effective solutions to help you have a brighter future.

800-773-6441
1. Michael Johnson Fort Lauderdale, FL
  Attorney at Law, FL
  Shepard Broad Law Center, J.D. 1998
2. AboutLaw Offices Of Michael H. Johnson, P.A.
  Experienced Legal Guidance
3. Practice AreasExpertise
  Bankruptcy & Debt
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Austin Scott Elliott

Securities, Oil & Gas, Credit & Debt, Public Finance

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6800 Broken Sound Parkway Nw, Boca Raton, FL 33487

Steven Newburgh

Mass Torts, Litigation, Credit & Debt, Bankruptcy

Status: Licensed: 43 Years

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6111 Broken Sound Pkwy Nw, Boca Raton, FL 33487

Tiffanie Ashley Feuer Waldman

Corporate, Credit & Debt, Civil Rights, Construction

Status: Licensed: 15 Years

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6409 Congress Ave, Boca Raton, FL 33487

Hadi Seyed-ali

Commercial Real Estate, Litigation, Banking & Finance, Credit & Debt

Status: Licensed: 11 Years

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6409 Congress Avenue, Boca Raton, FL 33487

Mindy Ashley Clarke

Credit & Debt

Status: Licensed: 13 Years

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6409 Congress Ave, Boca Raton, FL 33487

Daniel Timothy Welch

Criminal, Credit & Debt

Status: Licensed: 8 Years

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1 Harbourside Drive, Delray Beach, FL 33483

Jeffrey Robert Eisensmith

Credit & Debt, Corporate, Civil Rights, Construction

Status: Licensed: 45 Years

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5561 N University Dr, Pompano Beach, FL 33067

Steven R Cohen

Bankruptcy, Civil Rights, Commercial Real Estate, Credit & Debt

Status: Licensed: 49 Years

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7351 Wiles Rd, Pompano Beach, FL 33067

Allison Heather Scott

Estate Planning, Criminal, Credit & Debt

Status: Licensed: 10 Years

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3020 N Military Trl, Boca Raton, FL 33431

Peter Bruce Weintraub

Real Estate, Lawsuit & Dispute, Business, Credit & Debt

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2700 N Military Trl, Boca Raton, FL 33431

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LEGAL TERMS

CCCS

See Consumer Credit Counseling Service.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

SAMPLE LEGAL CASES

Rogers v. Rogers

... In addition to these few assets, the parties accumulated various debts during the marriage. Besides the loan on the Mountaineer, the parties had credit card debt totaling approximately $5000. The parties also owed $23,707.21 on the Wife's student loan. ...

Cunningham v. MBNA AMERICA BANK, NA

... 5th DCA 2004). Such a reading of the counterclaim demonstrates that Mr. Cunningham's claims for violations of the FDCPA and the FCCPA, and for abuse of process, attack MBNA's alleged misuse of the arbitration process to secure payment of a credit card debt. ...

Morgan v. Wilkins

... any person who offers or extends credit creating a debt or to whom a debt is owed, but does not include any person to the extent they receive an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another. (Emphasis added). ...

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Pahokee Credit & Debt Lawyer, Florida, page 12

Sponsored Law Firm

Law Offices Of Michael H. Johnson, P.A.

SPONSORED LAWYERS

Austin Scott Elliott

Steven Newburgh

Tiffanie Ashley Feuer Waldman

Hadi Seyed-ali

Mindy Ashley Clarke

Daniel Timothy Welch

Jeffrey Robert Eisensmith

Steven R Cohen

Allison Heather Scott

Peter Bruce Weintraub

TIPS

LEGAL TERMS

CCCS

DISCHARGEABLE DEBTS

S CORPORATION

REDEMPTION

PREFERENCE

NO-FAULT INSURANCE

LIMITED PARTNERSHIP

ADMINISTRATIVE EXPENSES

FRAUDULENT TRANSFER

SAMPLE LEGAL CASES

Rogers v. Rogers

Cunningham v. MBNA AMERICA BANK, NA

Morgan v. Wilkins

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