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Michael Johnson
About | Practice Areas
Law Offices Of Michael H. Johnson, P.A.
3601 W. Commercial Blvd Suite 31 Fort Lauderdale, FL 33309» view map
Bankruptcy & Debt
Experienced Legal Guidance

I know how important getting out of debt can be, and I’m committed to providing innovative, effective solutions to help you have a brighter future.

800-773-6441
1. Michael Johnson Fort Lauderdale, FL
  Attorney at Law, FL
  Shepard Broad Law Center, J.D. 1998
2. AboutLaw Offices Of Michael H. Johnson, P.A.
  Experienced Legal Guidance
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Eric Klein

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Family Law

FREE CONSULTATION

CONTACT

777 South Flagler Drive, Suite 800 – West Tower, West Palm Beach, FL 33401

Melanie Loretta Campbell

Civil Rights, DUI-DWI, Bankruptcy, Federal Appellate Practice,

Status: In Good Standing Licensed: 17 Years

CONTACT

1555 Palm Beach Lakes Blvd, West Palm Beach, FL 33401

Michael Samuel Dyer

Family Law, Divorce, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

2000 Palm Beach Lakes Blvd, West Palm Beach, FL 33409

Brian K McMahon

Family Law, Civil Rights, Business, Bankruptcy

Status: In Good Standing

CONTACT

1401 Forum Way, West Palm Beach, FL 33401

Steven Elliot Wallace

Commercial Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

4420 Beacon Cir, West Palm Beach, FL 33407

Steven Elliot Wallace

Commercial Real Estate, Banking & Finance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

4420 Beacon Cir, West Palm Beach, FL 33407

Elizabeth Smitherman Rivera

Bankruptcy, Civil Rights, Family Law, Commercial Real Estate

Status: In Good Standing Licensed: 16 Years

CONTACT

4460 Medical Center Way, West Palm Beach, FL 33407

Pierre A St. Jean

Bankruptcy, Personal Injury, Commercial Real Estate, Business, Wills

Status: In Good Standing Licensed: 17 Years

CONTACT

862 N Military Trl, West Palm Beach, FL 33415

Shawn Carl Gearhart

Divorce & Family Law, Felony, Bankruptcy, Property Damage

Status: In Good Standing Licensed: 11 Years

CONTACT

809 N Dixie Hwy, West Palm Beach, FL 33401

Lindsay Williams Brown

General Practice

Status: In Good Standing Licensed: 16 Years

CONTACT

401 N Dixie Hwy, West Palm Beach, FL 33401

800-923-0641

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LEGAL TERMS

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.

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.

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 REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

LIQUIDATING PARTNER

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

SAMPLE LEGAL CASES

Roth v. Roth

... abused its discretion when it added a finding in the amended final judgment that its award of periodic payments to the Wife to satisfy the equitable distribution award was "in the nature of support" and that "same shall be non-dischargeable in any bankruptcy proceeding." This ...

The Florida Bar v. Head

... Clayton Hackney and Linda Hackney, a married couple, filed a petition for bankruptcy under chapter 13 of the Bankruptcy Code in an attempt to retain ownership of real property that was their primary asset. ... Head took over the bankruptcy case in August 2003. ...

Hirschenson v. Hirschenson

... She asserts the trial court erred in holding it had no authority under section 61.16, Florida Statutes (2007), to award attorney's fees for services rendered in bankruptcy court against her former husband when the purpose of the bankruptcy proceeding was to enforce awards of ...

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West Palm Beach Bankruptcy Lawyer, Florida, page 2

Sponsored Law Firm

Law Offices Of Michael H. Johnson, P.A.

SPONSORED LAWYERS

Eric Klein

Melanie Loretta Campbell

Michael Samuel Dyer

Brian K McMahon

Steven Elliot Wallace

Steven Elliot Wallace

Elizabeth Smitherman Rivera

Pierre A St. Jean

Shawn Carl Gearhart

Lindsay Williams Brown

TIPS

LEGAL TERMS

S CORPORATION

PREFERENCE

SETOFF

CREDIT REPORT

FAIR CREDIT BILLING ACT (FCBA)

CHAPTER 7 BANKRUPTCY

AUTOMATIC STAY

LIABILITY

LIQUIDATING PARTNER

SAMPLE LEGAL CASES

Roth v. Roth

The Florida Bar v. Head

Hirschenson v. Hirschenson

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