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Missaukee County, MI Bankruptcy & Debt Lawyers

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1-6 of 6 matches. Page 1 of 1  

Melissa J. Ransom

General Practice
Status:  In Good Standing           Licensed:  15 Years
CONTACT
111 S Canal St, Lake City, MI 49651
Profile LAWPOINTS™24/100
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Charles R. Parsons

Real Estate, Estate Planning, Divorce & Family Law, Criminal
Status:  In Good Standing           Licensed:  43 Years
CONTACT
8670 W Jennings Rd, Lake City, MI 49651
Profile LAWPOINTS™22/100
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David W. King

General Practice
Status:  In Good Standing           Licensed:  45 Years
CONTACT
1685 S Dickerson Rd, Lake City, MI 49651
Profile LAWPOINTS™22/100
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William J. Donnelly

Real Estate, Estate Planning
Status:  In Good Standing           Licensed:  50 Years
CONTACT
6720 S Morey Rd, Mc Bain, MI 49657
Profile LAWPOINTS™22/100
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Ralph O. Wilbur

Real Estate, Agriculture, Industry Specialties
Status:  In Good Standing           Licensed:  61 Years
CONTACT
2601 S. Nelson Road, Merritt, MI 49667
Profile LAWPOINTS™17/100
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Frederick S. Krupp

General Practice
Status:  In Good Standing           Licensed:  49 Years
CONTACT
100 N Canal St, Lake City, MI 49651
Profile LAWPOINTS™12/100
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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.

FCBA

See Fair Credit Billing Act.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)
Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

FCRA

See Fair Credit Reporting Act.

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)
An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)
A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)
The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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