Rockaway Park Bankruptcy & Debt Lawyer, New York, page 2

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Gregory Messer
About | Practice Areas
Law Offices of Gregory Messer
26 Court Street Suite 2400 Brooklyn, NY 11242» view map
Bankruptcy & Debt
It's Time For A Fresh Start

Experienced bankruptcy attorney Gregory Messer will work with you personally to set your mind at ease and relieve the strain you’re facing from personal or business debt.

800-887-8940
1. Gregory Messer Brooklyn, NY
  Attorney at Law - NY, 1978
  Albany Law School J.D. 1977
2. AboutLaw Offices of Gregory Messer
  Providing debt relief for individual and business clients in the New York City area for more than three decades.
3. Practice AreasExpertise
  Bankruptcy & Debt
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Justin B. Blackhall

Banking & Finance, Bankruptcy, Bankruptcy Litigation, Corporate

Status: In Good Standing

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40 Wall Street, New York, NY 10005

Patricia L. Martin-Gibbons

Adoption, Affirmative Action, Alimony & Spousal Support, Bankruptcy

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The Woolworth Building, 233 Broadway, New York, NY 10279

Samit G Patel

Credit & Debt, Banking & Finance, Bankruptcy, Estate Planning

Status: In Good Standing

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44 Wall Street, New York, NY 10005

Zhijun Liu

Administrative Law, Asylum, Bankruptcy, Business Organization

Status: In Good Standing

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225 Broadway, New York, NY 10007

Mitchell R Friedman

Construction, Criminal, Corporate, Bankruptcy

Status: In Good Standing

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11 Park Place, New York, NY 10007

Gina Hatami

Construction, Criminal, Corporate, Bankruptcy

Status: In Good Standing

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11 Park Place, New York, NY 10007

Thomas Bernard Grunfeld

Collection, Commercial Bankruptcy, Construction Liens, Consumer Protection

Status: In Good Standing

FREE CONSULTATION

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1285 Ave. Of The Americas, New York, NY 10007

Samuel E. Friedman

Construction, Criminal, Corporate, Bankruptcy

Status: In Good Standing

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11 Park Place, New York, NY 10007

William Z. Schneider

Bankruptcy, Class Action, Consumer Protection

Status: In Good Standing

FREE CONSULTATION

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1400 Avenue Z, Brooklyn, NY 11235

Peter Goldberger

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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1400 Avenue Z, Brooklyn, NY 11235

800-923-0641

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

FCRA

See Fair Credit Reporting Act.

FCBA

See Fair Credit Billing Act.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

Rockaway Park Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

Law Offices of Gregory Messer

SPONSORED LAWYERS

Justin B. Blackhall

Patricia L. Martin-Gibbons

Samit G Patel

Zhijun Liu

Mitchell R Friedman

Gina Hatami

Thomas Bernard Grunfeld

Samuel E. Friedman

William Z. Schneider

Peter Goldberger

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