San Jose Bankruptcy & Debt Lawyer, California

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Arasto  Farsad Lawyer

Arasto Farsad

VERIFIED
Foreclosure, Bankruptcy & Debt, Tax, Credit & Debt

Arasto Farsad is a practicing lawyer in the state of California handling foreclosure matters.

Alexander H Lubarsky Lawyer

Alexander H Lubarsky

VERIFIED
Immigration, Criminal, Bankruptcy, Divorce & Family Law, Civil & Human Rights

Mr. Lubarsky is an active member of the California Bar and has a law degree as well as a Master's degree in law. He has been in practice for over fift... (more)

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800-884-1821

Carl  Gustafson Lawyer

Carl Gustafson

VERIFIED
Bankruptcy & Debt

Carl R. Gustafson is a Certified Bankruptcy Law Specialist with the California Board of Legal Specialization! In 2003, Carl graduated from UCLA Mag... (more)

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800-722-6578

Mark  Epstein Lawyer

Mark Epstein

VERIFIED
Employment, Real Estate, Bankruptcy & Debt

We are a small neighborhood law firm that works hard to provide affordable quality legal services to our clients. We concentrate primarily in Bankrupt... (more)

Breck E. Milde

Commercial Real Estate, Corporate, Banking & Finance, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing           

Judith Whitman

Corporate, Car Accident, Contract, Bankruptcy
Status:  In Good Standing           

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Perry J. Woodward

Business, Bankruptcy, Corporate, Commercial Real Estate
Status:  In Good Standing           

Sean Hanley

Wills, Trusts, Estate Planning, Bankruptcy
Status:  In Good Standing           

Richard L. Schneider

Accident & Injury, Bankruptcy & Debt, Estate, Lawsuit & Dispute
Status:  In Good Standing           

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Kenneth J. Campeau

Bankruptcy
Status:  In Good Standing           

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LEGAL TERMS

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)
A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

DISCHARGE (OF DEBTS)

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

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)
A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.