Cape Elizabeth Bankruptcy & Debt Lawyer, Maine

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E. Chris L'Hommedieu
About | Practice Areas
L'Hommedieu Law Office, P.A.
190 Bates Street Lewiston, ME 04240» view map
Bankruptcy & Debt
More Than Just A Law Firm

L'Hommedieu Law Office, P.A. has been providing the best in legal representation in Bankruptcy, Personal Injury, Disability and Family law since 1997.

800-941-5060
1. E. Chris L'Hommedieu Lewiston, ME
  Attorney at Law - ME, 1996
  University of Maine J.D. 1995
2. AboutL'Hommedieu Law Office, P.A.
  More Than Just A Law Firm
3. Practice AreasExpertise
  Bankruptcy & Debt
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Marcia G. Corradini

Commercial Bankruptcy, Commercial Real Estate, Corporate, Construction

Status: In Good Standing

CONTACT

36 Murray Drive, Cape Elizabeth, ME 04107

Monica P. Schoenbaum

Litigation, Family Law, Administrative Law, Bankruptcy & Debt

Status: In Good Standing

CONTACT

6 Hemlock Hill Road, Cape Elizabeth, ME 04107

Hanna Sanders

Bankruptcy & Debt, Lending, Merger & Acquisition

Status: In Good Standing Licensed: 19 Years

CONTACT

16 Fairlawn Avenue, Portland, ME 04106

Peter M. McGee

Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

169 Ocean Street, Portland, ME 04106

Peter J. Cyr

Criminal, Merger & Acquisition, Collection, Wrongful Death

Status: In Good Standing

CONTACT

85 Brackett Street, Portland, ME 04102

Jacob A. Manheimer

Litigation, Public Finance, Corporate, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

254 Commercial Street, Portland, ME 04101

Katharine I. Rand

Litigation, Employee Rights, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

254 Commercial Street, Portland, ME 04101

Ryan F. Kelley

Business & Trade, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

254 Commercial Street, Portland, ME 04101

Paul Jeffrey Greene

Lawsuit, Employee Rights, Business, Credit & Debt

Status: In Good Standing

CONTACT

254 Commercial St, Portland, ME 04101

Thomas Griffin Leschefske

Bankruptcy & Debt, Divorce & Family Law, Family Law

Status: In Good Standing Licensed: 12 Years

CONTACT

254 Commercial Street, Portland, ME 04101

800-923-0641

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LEGAL TERMS

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.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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Cape Elizabeth Bankruptcy & Debt Lawyer, Maine

Sponsored Law Firm

L'Hommedieu Law Office, P.A.

SPONSORED LAWYERS

Marcia G. Corradini

Monica P. Schoenbaum

Hanna Sanders

Peter M. McGee

Peter J. Cyr

Jacob A. Manheimer

Katharine I. Rand

Ryan F. Kelley

Paul Jeffrey Greene

Thomas Griffin Leschefske

TIPS

LEGAL TERMS

GUARANTOR

SECURED DEBT

SETOFF

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

COLLATERAL

TRADE DRESS

GENERAL PARTNER

SOLE PROPRIETORSHIP

GRACE PERIOD

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