Jamestown Bankruptcy & Debt Lawyer, Michigan

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Thomas B. Baynton Lawyer

Thomas B. Baynton

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Criminal, Bankruptcy, Divorce & Family Law, Traffic, DUI-DWI
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At the Law Office of Thomas Baynton PLLC, Thomas Baynton is an experienced attorney serving the people of West Michigan. If you have been charged with... (more)

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Greg J. Ekdahl

Litigation, Business Organization, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

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A. Todd Almassian

Litigation, Employment, Corporate, Bankruptcy
Status:  In Good Standing           

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James M. Keller

Corporate, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy
Status:  In Good Standing           

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Michael D. Almassian

Insurance, Corporate, Credit & Debt, Bankruptcy
Status:  In Good Standing           

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Richard L. Bolhouse

Divorce & Family Law, Consumer Rights, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           

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Richard L. Bolhouse

Family Law, Divorce & Family Law, Consumer Rights, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  46 Years

Martin L. Rogalski

Estate Planning, Bankruptcy, Elder Law, Business, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  45 Years

Victoria Lynn Smalley

Dispute Resolution, Social Security, Family Law, Credit & Debt
Status:  In Good Standing           Licensed:  9 Years

Jeffrey L. Hampel

Family Law, Wills & Probate, DUI-DWI, Personal Injury, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  47 Years

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)
A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)
A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

CREDITOR

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

LIQUIDATING PARTNER

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

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)
A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)
Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.