Blossvale Bankruptcy & Debt Lawyer, New York

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Rocco L. Versace

Traffic, Bankruptcy
Status:  In Good Standing           Licensed:  56 Years

Meade Hubbard Versace

Bankruptcy & Debt
Status:  In Good Standing           Licensed:  25 Years

William F. Wilcox

Real Estate, Estate, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  74 Years

Diane Marie Martin-Grande

Deportation, Divorce, Divorce & Family Law, Collection
Status:  In Good Standing           

Peter Alan Baum

Social Security, Family Law, Criminal, Collection
Status:  In Good Standing           Licensed:  52 Years

Michael James Laucello

Social Security -- Disability, Divorce, Bankruptcy, Personal Injury, Divorce & Family Law
Status:  In Good Standing           Licensed:  46 Years

Edward Dunscomb Earl

Employment, Bankruptcy & Debt
Status:  In Good Standing           

Maxsen David Champion

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  24 Years

Bartle J. Gorman

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  58 Years

Joseph Pennisi Giruzzi

International Tax, Estate, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  33 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

CCCS

See Consumer Credit Counseling Service.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)
A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

COLLATERAL

Property that guarantees payment of a secured debt.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)
Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)
In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.