Peoria Bankruptcy & Debt Lawyer, Arizona, page 3

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Stanley A. Buzzelle II
About | Practice Areas
Law Office of S.A. Buzzelle II, PLLC
14050 N 83rd Avenue Suite 290 Peoria, AZ 85381» view map
Bankruptcy & Debt Law
Your Trusted Bankruptcy Attorney

If you are in need of legal services for matters relating to bankruptcy and divorce, rely on Law Office of S. A. Buzzelle II, PLLC in Peoria, AZ.

800-873-4991
1. Stanley A. Buzzelle II Peoria, AZ
  Attorney at Law- AZ
  Sandra Day O'Connor College of Law, J.D.
2. AboutLaw Office of S.A. Buzzelle II, PLLC
  Your Trusted Bankruptcy Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Darren E Holmes

Litigation, Business & Trade, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

9401 W Thunderbird Rd, Peoria, AZ 85381

Darren E Holmes

Trusts, Business, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

9401 W Thunderbird Rd, Peoria, AZ 85381

Cynthia Louise Miller

Estate Planning, Business & Trade, Corporate, Commercial Bankruptcy

Status: In Good Standing

CONTACT

17220 N Boswell Blvd, Sun City, AZ 85373

Peter Gustafson

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

18001 N 79Th Ave, Glendale, AZ 85308

Peter Gustafson

Foreclosure, Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

18001 N 79Th Ave, Glendale, AZ 85308

Aaron Mark Wesbrooks

Employee Rights, Family Law, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 33 Years

CONTACT

15396 N 83Rd Ave, Peoria, AZ 85381

Lawrence P Karandreas

Business & Trade, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

20325 N 51St Avenue, Glendale, AZ 85308

Edward D Johnson

Juvenile Law, Criminal, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

7558 W Thunderbird Rd, Peoria, AZ 85381

Edward D Johnson

Other, Juvenile Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

7558 W Thunderbird Rd, Peoria, AZ 85381

Raymond Kenney

Landlord-Tenant, Real Estate, Estate, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

20325 North 51St Ave., Glendale, AZ 85308

800-923-0641

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LEGAL TERMS

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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Peoria Bankruptcy & Debt Lawyer, Arizona, page 3

Sponsored Law Firm

Law Office of S.A. Buzzelle II, PLLC

SPONSORED LAWYERS

Darren E Holmes

Darren E Holmes

Cynthia Louise Miller

Peter Gustafson

Peter Gustafson

Aaron Mark Wesbrooks

Lawrence P Karandreas

Edward D Johnson

Edward D Johnson

Raymond Kenney

TIPS

LEGAL TERMS

DEBT COLLECTOR

AUTOMATIC STAY

IRS EXPENSES

PREFERENCE

SOLE PROPRIETORSHIP

SETOFF

S CORPORATION

ADMINISTRATIVE EXPENSES

SECURED DEBT

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