Bosque Bankruptcy & Debt Lawyer, New Mexico

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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Mary Elizabeth Dickman

Construction, Consumer Protection, Contract, Credit & Debt

Status: In Good Standing

CONTACT

707 Broadway N. E., Albuquerque, NM 87125

Laura Boyett

Bankruptcy & Debt, Bankruptcy

Status: In Good Standing

CONTACT

2 Elaine Drive, Los Chavez, NM 87002

Simone Seiler

Foreclosure, Bankruptcy, Patent, Business

Status: In Good Standing

CONTACT

Tome, NM 87060

Steven J. Clark

Social Security, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

Peralta, NM 87042

Edmund H. Kase

Commercial Bankruptcy, Litigation, Insurance

Status: In Good Standing

CONTACT

Socorro, NM 87801

Rosa R. Lima

Civil Rights, Credit & Debt, Criminal, Constitutional Law

Status: In Good Standing

CONTACT

10719 Crandall Rd Sw, Albuquerque, NM 87121

Mark D. Regazzi

Bankruptcy & Debt, Bankruptcy, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing

CONTACT

2501 Yale Blvd SE, Albuquerque, NM 87106

Steve H. Mazer

Employment, Children's Rights, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

2501 Yale Blvd SE, Albuquerque, NM 87106

Chad Errol Gruber

Real Estate, Commercial Bankruptcy, Construction, Mass Torts

Status: In Good Standing

CONTACT

1019 4Th St Sw, Albuquerque, NM 87102

Scott Pistone

Insurance, Credit & Debt, Property Damage, Criminal

Status: In Good Standing

CONTACT

1010 Bridge Blvd Sw, Albuquerque, NM 87105

800-923-0641

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LEGAL TERMS

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.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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Bosque Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Mary Elizabeth Dickman

Laura Boyett

Simone Seiler

Steven J. Clark

Edmund H. Kase

Rosa R. Lima

Mark D. Regazzi

Steve H. Mazer

Chad Errol Gruber

Scott Pistone

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LEGAL TERMS

IRS EXPENSES

GENERAL PARTNER

ADMINISTRATIVE EXPENSES

CREDIT COUNSELING

CURRENT MONTHLY INCOME

SECURED DEBT

TOXIC TORT

INTEREST

FRAUDULENT TRANSFER

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