Stormville Workout Lawyer, New York

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Thomas John Minotti Lawyer

Thomas John Minotti

VERIFIED *Status is reviewed annually. For latest information visit here
Bankruptcy & Debt, Accident & Injury

Mr. Minotti received his Bachelors Degree from Pace University in 1995 and his Juris Doctor Degree from Pace University School of Law in 1998. Upon gr... (more)

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800-918-5290

Jeffrey Han Oh

Securities, Commercial Bankruptcy, Corporate, Business & Trade
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  10 Years

Miesha L M Rodriguez

Real Estate, Business, Bankruptcy & Debt
Status:  Retired *Status is reviewed annually. For latest information visit here           Licensed:  28 Years

William John Frohne

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  48 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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Dario Di Lello

Land Use & Zoning, Wills & Probate, Bankruptcy, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Devon Margaret Salts

Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  20 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

Matthew David Hindin

Consumer Rights, Business, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  18 Years

Christina Ida Tomaselli

Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  14 Years

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

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800-943-8690

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)
A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CREDIT FILE

See credit report.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)
In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)
Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

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