Sarasota Bankruptcy & Debt Lawyer, Florida, page 5

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Edward Dusty Aker

Corporate, Credit & Debt, Products Liability, Employee Rights
Status:  In Good Standing           Licensed:  21 Years

James-Allen Mcpheeters

Business, Bankruptcy & Debt
Status:  In Good Standing           

Jessica Landry-Lee

Merger & Acquisition, Collection, Car Accident, Identity Theft
Status:  In Good Standing           

Paul Anthony Pysczynski

Bankruptcy, Workers' Compensation, Civil Rights
Status:  In Good Standing           Licensed:  28 Years

Sherry Lee Ellis

Real Estate, Child Custody, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  26 Years

Michael Edward Schuchat

Commercial Real Estate, Mass Torts, Civil Rights, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  14 Years

Jessica Yong Stewart

Commercial Real Estate, Real Estate, Family Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  15 Years

Thomas C Valentine

Tax, Real Estate, Motor Vehicle, Credit & Debt
Status:  In Good Standing           Licensed:  43 Years

Peter Zachary Skokos

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

James Derrick Maginness

Real Estate, Employee Rights, Consumer Rights, Bankruptcy
Status:  In Good Standing           

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Lawyer.com can help you easily and quickly find Sarasota Bankruptcy & Debt Lawyers and Sarasota Bankruptcy & Debt Law Firms. Refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

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.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)
A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)
The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)
A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.