Raleigh Bankruptcy & Debt Lawyer, North Carolina, page 7

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George Oliver
About | Practice Areas
Oliver & Cheek, PLLC
405 Middle Street New Bern, NC 28560» view map
Bankruptcy & Debt Law
Your Business Partner

Oliver & Cheek, PLLC is a full service business firm providing a wide range of legal services to clients in North Carolina.

252-633-1930
1. George Oliver New Bern, NC
  Attorney at Law- NJ, 1999
  University of North Carolina School of Law, J.D. 1999
2. AboutOliver & Cheek, PLLC
  Your Business Partner
3. Practice AreasExpertise
  Bankruptcy & Debt Law
1. Contact
2. Email
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Marcus Elwood Becton

Commercial Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 20 Years

CONTACT

2530 Meridian Pkwy, Durham, NC 27713

Nathan Frank Simms

Real Estate, Commercial Bankruptcy, Bankruptcy

Status: Suspended Licensed: 35 Years

CONTACT

5 Moore Dr F1167, Durham, NC 27709

Kathie L. Russell

Real Estate, Workers' Compensation, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

Holly Springs, NC 27540

William J. Wolf

Construction, Government Contract, Corporate, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

Durham, NC 27715

Anabel Franceschini Rosa

Social Security, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

280 S Mangum St, Durham, NC 27701

John Francis Carella

Civil Rights, Civil & Human Rights, Consumer Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

P.O. Box 3509, Durham, NC 27701

Katharine B. Buchanan

Reorganization, Estate Planning, Gift Taxation, Estate Administration

Status: In Good Standing

CONTACT

240 Leigh Farm Road, Durham, NC 27707

Neil M. O'Toole

Bankruptcy & Debt, Consumer Bankruptcy, Bankruptcy, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

x, Durham, NC 27702

Donna Primrose Brown

Credit & Debt, Collection

Status: In Good Standing

CONTACT

3326 Durham-Chapel Hill Boulevard, Durham, NC 27709

Douglas E. Berger

Mediation, Social Security, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 35 Years

CONTACT

280 South Mangum Street, Durham, NC 27701

800-923-0641

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

CREDIT FILE

See credit report.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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Raleigh Bankruptcy & Debt Lawyer, North Carolina, page 7

Sponsored Law Firm

Oliver & Cheek, PLLC

SPONSORED LAWYERS

Marcus Elwood Becton

Nathan Frank Simms

Kathie L. Russell

William J. Wolf

Anabel Franceschini Rosa

John Francis Carella

Katharine B. Buchanan

Neil M. O'Toole

Donna Primrose Brown

Douglas E. Berger

TIPS

LEGAL TERMS

FORBEARANCE

S CORPORATION

LIMITED LIABILITY

REAFFIRMATION

PRIORITY DEBT

CREDIT FILE

401(K) PLAN

C CORPORATION

CHAPTER 13 PLAN

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