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C Mark Stoppels

Business Organization, Collection, Banking & Finance, Wills & Probate
Status:  In Good Standing           

Steven L. Williams

Alimony & Spousal Support, Banking & Finance, Bankruptcy, Bankruptcy Litigation
Status:  In Good Standing           

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Wesley P. Hackett

Estate Planning, Employee Rights, Business, Bankruptcy
Status:  In Good Standing           Licensed:  56 Years

Ryane Carol Kent

Commercial Real Estate, Family Law, Juvenile Law, Credit & Debt
Status:  In Good Standing           Licensed:  13 Years

Lisa M. Feistritzer

Consumer Rights, Business, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  23 Years

William V. Hendrian

Other, Government, Bankruptcy
Status:  In Good Standing           Licensed:  30 Years

Ryan Tyler Jackson

Foreclosure, Estate, Family Law, Bankruptcy
Status:  In Good Standing           Licensed:  15 Years

Thomas Warren Chadwick

Family Law, Divorce & Family Law, Children's Rights, Collection
Status:  In Good Standing           Licensed:  23 Years

Cheryl Lynne Chadwick

Estate Planning, Estate, Family Law, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  28 Years

Thomas A. Bruinsma

Consumer Rights, Consumer Bankruptcy, Animal Bite, Accident & Injury
Status:  In Good Standing           Licensed:  34 Years

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LEGAL TERMS

LIQUIDATING PARTNER

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

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.

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.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)
The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

CREDITOR

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

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)
Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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