Pelham Reorganization Lawyer, New York

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David Brodman

Reorganization, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  27 Years

FREE CONSULTATION 

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Michael H. Schwartz

Foreclosure, Reorganization, Credit & Debt, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

FREE CONSULTATION 

CONTACT

Rhoda Y. Andors

Administrative Law, Reorganization, Wrongful Termination, Civil Rights
Status:  In Good Standing           

Esite J Johnson

Medical Malpractice, Property Damage, Banking & Finance, Reorganization
Status:  In Good Standing           Licensed:  58 Years

Robert Lightfoot Cunningham

Banking & Finance, Reorganization, International Other
Status:  In Good Standing           Licensed:  52 Years

Alex Spizz

Reorganization, Bankruptcy, Credit & Debt, Bankruptcy Litigation
Status:  In Good Standing           Licensed:  51 Years

Barton Nachamie

Bankruptcy, Banking & Finance, Dispute Resolution, Reorganization
Status:  Inactive           Licensed:  65 Years

Margaret A. Phillips

Reorganization
Status:  In Good Standing           Licensed:  24 Years

Marjorie Jane Friday

Estate Planning, Reorganization
Status:  In Good Standing           Licensed:  24 Years

Stephen Andrew Rutenberg

Foreign Investment, Equine, Securities, Reorganization
Status:  In Good Standing           Licensed:  23 Years

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LEGAL TERMS

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)
A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

FCBA

See Fair Credit Billing Act.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)
Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

FDCPA

See Fair Debt Collections & Practices Act.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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