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Sorrento Bankruptcy & Debt Lawyer, Florida


Christopher John Shipley Lawyer

Christopher John Shipley

VERIFIED
Divorce & Family Law, Bankruptcy & Debt, Estate, Real Estate, Litigation

Shipley Law Firm & Title Company is pleased to provide the highest quality, professional legal services for clients in Lake County and throughout cent... (more)

Mark Andrew James

Bankruptcy, Business, Wills & Probate, Trusts, Estate
Status:  In Good Standing           

FREE CONSULTATION 

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Franklin C. Whigham

Corporate, Business Organization, Commercial Real Estate, Contract, Dissolution
Status:  In Good Standing           

William Strawcutter

Bankruptcy & Debt, Accident & Injury, Real Estate, Lawsuit & Dispute, Business
Status:  In Good Standing           Licensed:  9 Years
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Wayne Barry Spivak

Business, Bankruptcy
Status:  In Good Standing           Licensed:  11 Years

Taras Stefan Rudnitsky

Contract, Litigation, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  20 Years

Francisco Javier Gonzalez

General Practice
Status:  In Good Standing           

Francisco Javier Gonzalez

General Practice
Status:  In Good Standing           

David Wayne Hall

Bankruptcy, Business & Trade, Commercial Real Estate, Real Estate
Status:  In Good Standing           Licensed:  30 Years

Claud Bertram Nelson

Administrative Law, Bankruptcy, Government Contract, Civil Rights
Status:  In Good Standing           Licensed:  2 Years

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

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LEGAL TERMS

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)
The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

CCCS

See Consumer Credit Counseling Service.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)
Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.