Richmond Bankruptcy & Debt Lawyer, Michigan, page 5

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Dawn M. Walton

Other, Criminal, Credit & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  31 Years

Esther E. Wolfe

Criminal, Divorce & Family Law, Personal Injury, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  26 Years

Jenna Marie Bommarito

Accident & Injury, Personal Injury, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  13 Years

Manvinder S. Talwar

Federal Appellate Practice, Criminal, Contract, Credit & Debt
Status:  In Good Standing           Licensed:  24 Years

Alaina M. Zanke-Jodway

Family Law, Civil Rights, Insurance, Credit & Debt
Status:  In Good Standing           Licensed:  32 Years

Cheryl D. Cook

Foreclosure, Trusts, Civil Rights, Credit & Debt
Status:  In Good Standing           Licensed:  29 Years

Michael James Woods

Real Estate, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  19 Years

Richard L. Mcdonnell

Litigation, Environmental Law, Antitrust, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  39 Years

G. Timothy Moore

Real Estate, Corporate, Banking & Finance, Bankruptcy
Status:  In Good Standing           Licensed:  45 Years

Michelle M. Lundquist

Education, Litigation, State and Local, Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

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LEGAL TERMS

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)
Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

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.

CREDITOR

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

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)
A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

CCCS

See Consumer Credit Counseling Service.

TRADE NAME

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

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)
In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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