Towson Bankruptcy Lawyer, Maryland


Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Harry M. Rifkin Lawyer

Harry M. Rifkin

VERIFIED
Personal Injury, DUI-DWI, Business, Bankruptcy

A native Baltimorean, Mr. Rifkin has spent his career helping people. He graduated college in three years from the George Washington University with... (more)

Joseph Kangata Githuku Lawyer

Joseph Kangata Githuku

VERIFIED
Accident & Injury, Commercial Bankruptcy, Bankruptcy & Debt, Divorce & Family Law

Joseph K. Githuku works with injured victims and their families across several types of personal injury cases. Injuries caused by the negligent or re... (more)

LaSheena Monicque Washington

Commercial Bankruptcy, Personal Injury
Status:  In Good Standing           

Douglas B Riley

Real Estate, Commercial Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           
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Eli Robbins

Real Estate, Lawsuit & Dispute, Government, Commercial Bankruptcy
Status:  In Good Standing           

David Harper Cole

Real Estate, Business, Commercial Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Marc Edward Shach

Commercial Bankruptcy, Bankruptcy & Debt, Business, Consumer Bankruptcy
Status:  In Good Standing           

Benjamin Burr Fortkamp

Corporate, Bankruptcy, Real Estate, Estate
Status:  In Good Standing           

William Asa Grafton

Other, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  20 Years

William Grafton

Other, Credit & Debt, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  20 Years

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

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Call me for fastest results!
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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)
A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)
These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)
A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

FDCPA

See Fair Debt Collections & Practices Act.

CCCS

See Consumer Credit Counseling Service.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)
A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)
In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

SAMPLE LEGAL CASES

ATTORNEY GRIEVANCE COM'N v. Byrd

... But under no circumstances can counsel simply violate the Rules as a litigation strategy. With regard to the bankruptcy complaint, Judge Rubin made the following pertinent findings of fact and conclusions of law: 23. ... The Bankruptcy Complaint. ...

Wellington v. Shakiba

... 5. That pursuant to said deed of trust and commercial balloon note, the defendants were obligated to repay said loan. . . . On December 9, 2005, Ms. Shakiba, through counsel, filed a "Notice of Filing of Case in Bankruptcy Court." It stated: ...

Ali v. CIT

... On June 11, 2001, appellant filed a chapter 11 petition in bankruptcy in the United States Bankruptcy Court for the District of Maryland. Appellee could not pursue its claim outside of the bankruptcy proceeding because of the automatic stay provision in 11 USC § 362. ...