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Phoenix Bankruptcy Lawyer, Arizona


Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Peter H Westby

Bankruptcy, Business Organization, Employment, Estate Planning, Family Law
Status:  In Good Standing           

FREE CONSULTATION 

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Joseph A. Brophy

Banking & Finance, Bankruptcy, Corporate, Commercial Leasing, Landlord-Tenant
Status:  In Good Standing           

Christopher R. Stovall

Construction, Corporate, Bankruptcy, Litigation, Insurance
Status:  In Good Standing           

Michael Zdancewicz

Bankruptcy, Corporate, Collection
Status:  In Good Standing           
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Ronald H. Moore

Bankruptcy Litigation, Foreclosure, Workers' Compensation
Status:  In Good Standing           

Kristin W. Mazon

Bankruptcy, Corporate, Litigation, Personal Injury, Transportation & Shipping
Status:  In Good Standing           

Craig J. Bolton

Bankruptcy, Corporate, Business Organization, Banking & Finance
Status:  In Good Standing           

Chad L. Schexnayder

Construction, Corporate, Dispute Resolution, Housing & Construction Defects, Bankruptcy
Status:  In Good Standing           

Harvey B Platt

Bankruptcy, Business Organization, Contract, Estate Planning, Family Law
Status:  In Good Standing           

FREE CONSULTATION 

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Catherine Conner

Corporate, Real Estate, Bankruptcy
Status:  In Good Standing           

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Easily find Phoenix Bankruptcy Lawyers and Phoenix Bankruptcy Law Firms. For more attorneys, search all Bankruptcy & Debt areas including Collection, Credit & Debt, Reorganization and Workout attorneys.

LEGAL TERMS

FCBA

See Fair Credit Billing Act.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)
An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)
In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)
A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

SAMPLE LEGAL CASES

Zeagler v. Buckley

... After the commencement of this action, both Buckley and the corporate defendant sought bankruptcy protection. Buckley maintained her bankruptcy petition for seven months, during which Zeagler conducted discovery on matters ...

In re Phillips

... At the time of the disciplinary proceedings, P & A employed 250 people, including thirty-eight lawyers. The firm's practice was limited to criminal defense, bankruptcy, and personal injury. ... A. Caseloads of Bankruptcy Attorneys. ...

OLD REPUBLIC NAT. TITLE v. NEW FALLS

... During the pendency of the 1992 Case, several judgment debtors against whom AMC Trust had judgments sought bankruptcy protection. ... After several of the judgment debtors commenced bankruptcy proceedings, the 2004 Case was removed to bankruptcy court. ...