Baraga Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm


Christoph Julius Geiger

General Practice
Status:  In Good Standing           Licensed:  21 Years

Theresa Ann Henderson-Stockton

General Practice
Status:  In Good Standing           Licensed:  11 Years

Barbara Jean Caffaratti

Other, Lawsuit & Dispute, Divorce & Family Law, Native People
Status:  In Good Standing           Licensed:  18 Years

Kevin Thomas Carlisle

General Practice
Status:  In Good Standing           Licensed:  22 Years

Christopher R. Herter

International, Intellectual Property, Biotechnology, Business
Status:  In Good Standing           Licensed:  26 Years

Daniel J. Wisti

Landlord-Tenant, Government, Employment, Divorce
Status:  In Good Standing           Licensed:  35 Years

Timothy S. Brennan

Juvenile Law, Government, Estate, Business
Status:  In Good Standing           Licensed:  36 Years

Joseph P. O'Leary

Intellectual Property, Criminal, Native People, Civil & Human Rights
Status:  In Good Standing           Licensed:  35 Years

Patrick Oliver

General Practice
Status:  Retired           Licensed:  51 Years

Paul H. Hurst

General Practice
Status:  In Good Standing           Licensed:  45 Years

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

FCBA

See Fair Credit Billing Act.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)
A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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 BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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