Tolleson Credit & Debt Lawyer, Arizona

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Mari Jo Clark

Bankruptcy, Business Organization, DUI-DWI, Credit & Debt
Status:  In Good Standing           

FREE CONSULTATION 

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Sheila E Harmer

Health Care, Corporate, Credit & Debt, Personal Injury
Status:  In Good Standing           Licensed:  42 Years

David Wm Engelman

Business, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Lawrence David Hirsch

Employment, Divorce & Family Law, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Aaron Graham York

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

John S Craiger

Litigation, Disability, Credit & Debt, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

Kirk Guinn

Bankruptcy & Debt, Bankruptcy, Reorganization, Credit & Debt
Status:  In Good Standing           

FREE CONSULTATION 

CONTACT

Walter J Ashbrook

Business, Credit & Debt, Commercial Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  16 Years

Jon R Hultgren

Litigation, Electronic Commerce, Insurance, Credit & Debt
Status:  In Good Standing           

David James McGlothlin

Commercial Real Estate, Litigation, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  17 Years

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

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Call me for fastest results!
800-943-8690

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By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)
A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

CREDITOR

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

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.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

SAMPLE LEGAL CASES

SCOTTSDALE COMMERCIAL DEVELOPMENTS, INC. v. EULER HERMES AMERICAN CREDIT INDEMNITY COMPANY

... See, eg, ARS § 20-252(8). SCD, which sold interactive electronic "whiteboards" for educational use, purchased a credit insurance policy (the "Policy") from ... Since it is clear, the debtor is disputing the debt and any potential loss payment due you would be held in abeyance until a ...

IN RE BRENDAN G.

... The juvenile court found that the credit charges were reasonably and necessarily incurred to obtain treatment for JP [7] Moreover, this is not a case where it is difficult to determine what portion of the credit debt is attributable to Victim's dental expenses. ...

IN RE MARRIAGE OF McGUCKIN v. McGuckin

... of their children with Wife as the primary residential parent; ordered Husband to pay $418.25 a month in child support; [1] ordered Husband to pay spousal maintenance of one dollar a month for two years; [2] ordered Husband to assume the community credit card debt of $5,709 ...