Centreville Bankruptcy & Debt Lawyer, Michigan

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Jeriamiah Lee Joseph Lawyer

Jeriamiah Lee Joseph

VERIFIED
Divorce & Family Law, Personal Injury, Accident & Injury, Car Accident, Bankruptcy & Debt

Jeriamiah Joseph is the founding Member of Joseph Law – located at 18625 Centennial Road, Suite A, Marshall, MI 49068. Mr. Joseph is licensed to pra... (more)

Michael J. Willis Lawyer

Michael J. Willis

VERIFIED
Bankruptcy & Debt, Wills & Probate, Contract, Elder Law, Estate Planning
Dedicated to Excellence in Client Service

Michael Willis founded this firm with his brother, Shaun Patrick Willis. Their father, Hon. Frank D. Willis, is the probate judge for Van Buren Count... (more)

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CONTACT

800-909-2450

Wesley Johnson Todd Lawyer

Wesley Johnson Todd

VERIFIED
DUI-DWI, Criminal, Bankruptcy, Divorce & Family Law

Wesley Todd originally joined the firm as an intern in 2008. He has been a shareholder of the firm since 2020. He was born in Kalamazoo, Michigan and ... (more)

James E. Reed

Copyright, Contract, Business Organization, Bankruptcy
Status:  In Good Standing           

Jeffrey J Dufon

Traffic, Bankruptcy, White Collar Crime, DUI-DWI
Status:  In Good Standing           

FREE CONSULTATION 

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Adam M Cefai

International, Intellectual Property, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  18 Years

Albert W. Laaksonen

Real Estate, Estate Planning, Criminal, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  34 Years

Alexis Runowski

Collection, Family Law, Criminal
Status:  In Good Standing           Licensed:  3 Years

Allison Greenlee Korr

Estate, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  15 Years

Andrew J. Vorbrich

Sales & Use Tax, Estate Planning, Contract, Collection
Status:  In Good Standing           

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

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Lawyer.com can help you easily and quickly find Centreville Bankruptcy & Debt Lawyers and Centreville Bankruptcy & Debt Law Firms. Refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)
A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.