Brookhaven Bankruptcy & Debt Lawyer, Georgia, page 4

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
2002 Summit Boulevard Suite 300 Atlanta, GA 30319» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Atlanta, GA
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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Jamie Gingold

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

1718 Peachtree Street NW, Atlanta, GA 30309

Gary D. Stokes

Litigation, Family Law, Corporate, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

3390 Peachtree Rd., Ne, Atlanta, GA 30326

Jerry L. Sims

Accident & Injury, Lawsuit & Dispute, Workout, Securities, Property Damage

Status: In Good Standing Licensed: 53 Years

FREE CONSULTATION

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1230 Peachtree Street, NE, Atlanta, GA 30309

Wendell Raleigh Bird

Estate, Elder Law, Non-profit, Collection

Status: In Good Standing

CONTACT

3414 Peachtree Rd NE, Atlanta, GA 30326

Yolvondra Martin-Brown

Personal Injury, Consumer Bankruptcy, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 39 Years

CONTACT

1935 Cliff Valley Way, Atlanta, GA 30329

Robert A. West

International, Environmental Law, Corporate, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

3340 Peachtree Rd Ne, Atlanta, GA 30326

Howard Peter Slomka

Bankruptcy, Credit & Debt, Foreclosure, Lawsuit, Banking & Finance

Status: In Good Standing Licensed: 30 Years

FREE CONSULTATION

CONTACT

1069 Spring Street NW, Atlanta, GA 30309

Bebe J. Baxter

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

Status: In Good Standing Licensed: 16 Years

FREE CONSULTATION

CONTACT

6065 Roswell Road, Atlanta, GA 30328

Joy Denise Nesmith

Credit & Debt, Bankruptcy Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

FREE CONSULTATION

CONTACT

6065 Roswell Road, Atlanta, GA 30328

Jennifer Laufgas

Real Estate, Immigration, Business, Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

3575 Piedmont Rd NE, Atlanta, GA 30305

800-923-0641

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LEGAL TERMS

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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Brookhaven Bankruptcy & Debt Lawyer, Georgia, page 4

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Jamie Gingold

Gary D. Stokes

Jerry L. Sims

Wendell Raleigh Bird

Yolvondra Martin-Brown

Robert A. West

Howard Peter Slomka

Bebe J. Baxter

Joy Denise Nesmith

Jennifer Laufgas

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LEGAL TERMS

BULK SALES LAW

GUARANTOR

INTEREST

S CORPORATION

DOING BUSINESS AS (DBA)

MEETING OF CREDITORS

FRATERNAL BENEFIT SOCIETY BENEFITS

TRUTH IN LENDING ACT (TILA)

CURRENT MONTHLY INCOME

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