Bloomfield Hills Bankruptcy & Debt Lawyer, Michigan, page 2

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M.G. Moore
About | Practice Areas
411 Bankruptcy Relief
17800 Woodward Ave Suite LL3 Detroit, MI 48203» view map
Bankruptcy & Debt
When Life Happens, We're Here To Help.

A legal practitioner for nearly 20 years, Ms. Moore represents consumers and small businesses under the U.S. Bankruptcy Code.

800-960-9280
1. M.G. Moore Detroit, MI
  Attorney at Law - MI, 2002
2. About411 Bankruptcy Relief
  Legal practitioner for nearly 20 years.
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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Marc A. Fishman

Construction, Mediation, Divorce, Collection

Status: In Good Standing Licensed: 49 Years

CONTACT

800 W Long Lake Rd, Bloomfield Hills, MI 48302

John D. Hertzberg

Foreclosure, Litigation, Contract, Credit & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

4190 Telegraph Rd, Bloomfield Hills, MI 48302

Eric Richard Bowden

Labor Law, Consumer Rights, Consumer Bankruptcy, Business

Status: In Good Standing

CONTACT

40701 Woodward Ave, Bloomfield Hills, MI 48304

Nathan Resnick

Municipal, Wills & Probate, Business, Bankruptcy

Status: In Good Standing

CONTACT

40900 Woodward Ave, Bloomfield Hills, MI 48304

Jeffery Jon Sattler

Litigation, Corporate, Business, Credit & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

John Joseph Stockdale

Banking & Finance, Business, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

Kim K. Hillary

Consumer Rights, Consumer Bankruptcy

Status: In Good Standing

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

Jessica L. Dadas-Schulze

Medicare & Medicaid, Estate Planning, Contract, Collection

Status: In Good Standing Licensed: 18 Years

CONTACT

40950 Woodward Ave, Bloomfield Hills, MI 48304

H. Nathan Resnick

Construction, Litigation, Corporate, Bankruptcy

Status: In Good Standing

CONTACT

40900 Woodward Ave, Bloomfield Hills, MI 48304

Arnold Reed

Employment, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

32255 Northwestern Hwy, Farmington Hills, MI 48334

800-923-0641

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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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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Bloomfield Hills Bankruptcy & Debt Lawyer, Michigan, page 2

Sponsored Law Firm

411 Bankruptcy Relief

SPONSORED LAWYERS

Marc A. Fishman

John D. Hertzberg

Eric Richard Bowden

Nathan Resnick

Jeffery Jon Sattler

John Joseph Stockdale

Kim K. Hillary

Jessica L. Dadas-Schulze

H. Nathan Resnick

Arnold Reed

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LEGAL TERMS

LIQUIDATING PARTNER

SOLE PROPRIETORSHIP

CHAPTER 13 PLAN

DISPOSABLE INCOME

S CORPORATION

DOING BUSINESS AS (DBA)

CREDIT COUNSELING

INTEREST

SECURED DEBT

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