South Dayton Workout Lawyer, New York

Sponsored Law Firm


Bruce S. Scolton

Alimony & Spousal Support, Corporate, Credit & Debt, Bankruptcy
Status:  In Good Standing           

David Matthew Civilette

Landlord-Tenant, Bankruptcy, Divorce & Family Law
Status:  In Good Standing           Licensed:  52 Years

Andrew David Brautigam

Traffic, Wills & Probate, Workers' Compensation, Criminal, Bankruptcy
Status:  In Good Standing           

Anthony J. Spann

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  71 Years

James Anthony Schettine

Bankruptcy & Debt
Status:  In Good Standing           Licensed:  14 Years

Jonathan B. Wile

Education, Child Custody, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  35 Years

James Edward Westman

Employee Rights, Family Law, Divorce & Family Law, Collection, Personal Injury
Status:  In Good Standing           Licensed:  48 Years

Richard Hunt Fessenden

Real Estate, Estate, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  51 Years

Craig Edward Jackson

Government, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  23 Years

Stephen James Wright

Industry Specialties, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  33 Years

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

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LEGAL TERMS

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.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)
The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

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.

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.

CREDIT FILE

See credit report.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)
Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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