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Jose Torres
About | Practice Areas
Torres Legal
129 Prospect St Passaic, NJ 07055» view map
Criminal Defense & Divorce and Family Law
Competent Legal Representation

Founded in 2005, Torres Legal is a Law Firm based in Passaic, NJ whose goal is to provide individuals in need with competent legal representation.

800-761-6810
1. Jose Torres Passaic, NJ
  Attorney at Law, NJ
  Florida Coastal School of Law, LL.M. 2003
2. AboutTorres Legal
  Competent Legal Representation
3. Practice AreasExpertise
  Criminal Defense & Divorce and Family Law
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Berdymurat Berdyev

Bankruptcy & Debt, Immigration, Federal Appellate Practice, Bankruptcy

Status: In Good Standing

CONTACT

90 Woodbridge Ctr. Dr., Woodbridge, NJ 07095

Bernard John Cooney

Lawsuit & Dispute, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

581 Main St, Woodbridge, NJ 07095

Brian Peter Scibetta

Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

99 Wood Ave S, Iselin, NJ 08830

Brian P Scibetta

Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

485 US Highway 1 South, Iselin, NJ 08830

Brianna Elizabeth Jordan

Estate Planning, Labor Law, Employee Rights, Bankruptcy, Professional Responsibility

Status: In Good Standing

CONTACT

14 Commerce Dr, Cranford, NJ 07016

Charles H. Jeanfreau

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

485 Route 1 South, Iselin, NJ 08830

Charles H. Jeanfreau

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

485 Route 1 South, Iselin, NJ 08830

Charles H. Jeanfreau

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

485 Route 1 South, Iselin, NJ 08830

Charles Vincent Quinn

Real Estate, Contract, Business, Credit & Debt

Status: In Good Standing

CONTACT

205 Main St, Woodbridge, NJ 07095

Christopher Canada

Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: Retired Licensed: 30 Years

CONTACT

21 Brant Avenue, Clark, NJ 07066

800-923-0641

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LEGAL TERMS

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

LIQUIDATING PARTNER

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

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.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Rahway Bankruptcy & Debt Lawyer, New Jersey, page 2

Sponsored Law Firm

Torres Legal

SPONSORED LAWYERS

Berdymurat Berdyev

Bernard John Cooney

Brian Peter Scibetta

Brian P Scibetta

Brianna Elizabeth Jordan

Charles H. Jeanfreau

Charles H. Jeanfreau

Charles H. Jeanfreau

Charles Vincent Quinn

Christopher Canada

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LEGAL TERMS

SOLE PROPRIETORSHIP

COSIGNER

CREDITOR

NONEXEMPT PROPERTY

LIQUIDATING PARTNER

BANKRUPTCY TRUSTEE

FAIR CREDIT REPORTING ACT (FCRA)

REDEMPTION

WINDING UP

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