Roebling Bankruptcy & Debt Lawyer, New Jersey, page 2

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Mark Cherry
About | Practice Areas
Mark Cherry Law
385 Kings Highway North Suite 101 Cherry Hill, NJ 08034Â» view map
Bankruptcy & Debt
Where Every Client Matters

We want our clients to be confident and secure knowing we are a law firm ready to take on the fight and challenge with them.

800-824-6431
1. Mark Cherry Cherry Hill, NJ
  Attorney at Law - NJ, 1986
  Widener University J.D. 1986
2. AboutMark Cherry Law
  I will work with you whichever direction you choose to go.
3. Practice AreasSpecializations
  Bankruptcy & Debt
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Deon Devall Owensby

Juvenile Law, Family Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

143 East State Street, Trenton, NJ 08608

Richard Allen Bokma

Accident & Injury, Bankruptcy & Debt, Divorce & Family Law, Employment

Status: In Good Standing Licensed: 35 Years

CONTACT

2667 Nottingham Way, Trenton, NJ 08619

Robert Schneider

Federal Trial Practice, Bankruptcy, Federal

Status: In Good Standing

CONTACT

Burlington, NJ 08016

Mary Washington

Bankruptcy, Civil Rights

Status: In Good Standing

CONTACT

Trenton, NJ 08601

Brian Hofmeister

Bankruptcy

Status: In Good Standing

CONTACT

Trenton, NJ 08601

Kathleen Magoon

Bankruptcy, Family Law

Status: In Good Standing

CONTACT

Willingboro, NJ 08046

William Powers

Bankruptcy & Debt, Real Estate

Status: In Good Standing

CONTACT

728 Marne Highway, Moorestown, NJ 08057

Albert Russo

Bankruptcy

Status: In Good Standing

CONTACT

Trenton, NJ 08601

Jerrold Poslusny

Bankruptcy

Status: In Good Standing

CONTACT

N/A, Moorestown, NJ 08057

Christine Gravelle

Real Estate, Bankruptcy, Labor Law

Status: In Good Standing

CONTACT

Trenton, NJ 08601

800-923-0641

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LEGAL TERMS

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

DISCHARGE (OF DEBTS)

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

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

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.

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Roebling Bankruptcy & Debt Lawyer, New Jersey, page 2

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Deon Devall Owensby

Richard Allen Bokma

Robert Schneider

Mary Washington

Brian Hofmeister

Kathleen Magoon

William Powers

Albert Russo

Jerrold Poslusny

Christine Gravelle

TIPS

LEGAL TERMS

ACCORD AND SATISFACTION

FRAUDULENT TRANSFER

ADMINISTRATIVE EXPENSES

PRESUMED ABUSE

DISCHARGE (OF DEBTS)

DEFINED CONTRIBUTION PLAN

GUARANTOR

CHAPTER 13 PLAN

C CORPORATION

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