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Bulloch County, GA Bankruptcy & Debt Lawyers

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William Keith Mcgowan

Entertainment, Business & Trade, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  32 Years
CONTACT
112 Savannah Avenue, Statesboro, GA 30459
Profile LAWPOINTS™34/100
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R. Kenny Stone

Estate Planning, Civil Rights, Corporate, Bankruptcy
Status:  In Good Standing           
CONTACT
214 S. Zetterower Avenue, Statesboro, GA 30458
Profile LAWPOINTS™24/100
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Laura Harriman Wheaton

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           
CONTACT
26 North Main Street, Statesboro, GA 30458
Profile LAWPOINTS™34/100
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W. Keith Mcgowan

Bankruptcy, Litigation, Civil Rights, Children's Rights
Status:  In Good Standing           
CONTACT
12 Siebald Street, Statesboro, GA 30458
Profile LAWPOINTS™29/100
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Paige Michele Boykin

Federal Trial Practice, Divorce, Insurance, Bankruptcy, Family Law
Status:  In Good Standing           Licensed:  9 Years
CONTACT
5 Oak Street, Statesboro, GA 30458
Profile LAWPOINTS™34/100
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LEGAL TERMS

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)
A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

COLLATERAL

Property that guarantees payment of a secured debt.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)
An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

TRADE NAME

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

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.

FDCPA

See Fair Debt Collections & Practices Act.

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