Peoria Credit & Debt Lawyer, Arizona

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Mari Jo Clark

Bankruptcy, Business Organization, DUI-DWI, Credit & Debt
Status:  In Good Standing           

FREE CONSULTATION 

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Darren E Holmes

Litigation, Business & Trade, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  28 Years

Aaron Mark Wesbrooks

Employee Rights, Family Law, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  33 Years

Sheila E Harmer

Health Care, Corporate, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  42 Years

Joseph David Harkrader

Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  43 Years

Kirk Guinn

Bankruptcy & Debt, Bankruptcy, Reorganization, Credit & Debt
Status:  In Good Standing           

FREE CONSULTATION 

CONTACT

David James McGlothlin

Commercial Real Estate, Litigation, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  17 Years

Jon R Hultgren

Litigation, Electronic Commerce, Insurance, Credit & Debt
Status:  In Good Standing           

Steven D Nemecek

Foreclosure, Litigation, Credit & Debt, Bankruptcy
Status:  In Good Standing           

Lawrence David Hirsch

Employment, Divorce & Family Law, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

Member Representative

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)
A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)
Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)
A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

SAMPLE LEGAL CASES

SCOTTSDALE COMMERCIAL DEVELOPMENTS, INC. v. EULER HERMES AMERICAN CREDIT INDEMNITY COMPANY

... See, eg, ARS § 20-252(8). SCD, which sold interactive electronic "whiteboards" for educational use, purchased a credit insurance policy (the "Policy") from ... Since it is clear, the debtor is disputing the debt and any potential loss payment due you would be held in abeyance until a ...

IN RE BRENDAN G.

... The juvenile court found that the credit charges were reasonably and necessarily incurred to obtain treatment for JP [7] Moreover, this is not a case where it is difficult to determine what portion of the credit debt is attributable to Victim's dental expenses. ...

IN RE MARRIAGE OF McGUCKIN v. McGuckin

... of their children with Wife as the primary residential parent; ordered Husband to pay $418.25 a month in child support; [1] ordered Husband to pay spousal maintenance of one dollar a month for two years; [2] ordered Husband to assume the community credit card debt of $5,709 ...