Somers Bankruptcy & Debt Lawyer, New York

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Marianne Otoole

Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  35 Years

Marianne T. O'Toole

Lawsuit & Dispute, Divorce, DUI-DWI, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  35 Years

Robert Anthony Cinque

State and Local, Divorce, DUI-DWI, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Richard I. Goldsand

International Tax, Divorce, DUI-DWI, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  55 Years

Stamatia Kampitsis Dewbury

International, Divorce, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  28 Years

Rick S. Cowle

Real Estate, Business, Bankruptcy & Debt, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  22 Years

Conrad Pasquale

Motor Vehicle, Workers' Compensation, Child Custody, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

B Faye Thorpe

Government, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  20 Years

Nancy Corrigan

Consumer Protection, Litigation, Business Organization, Credit & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

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Christopher Xavier Maher

Accident & Injury, Criminal, Divorce & Family Law, Bankruptcy & Debt, Traffic
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  39 Years

FREE CONSULTATION 

CONTACT

Free Help: Use This Form or Call 800-943-8690

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Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)
Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

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.

DISCHARGE (OF DEBTS)

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

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)
Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)
In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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