Chautauqua Bankruptcy & Debt Lawyer, New York

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Bruce S. Scolton

Alimony & Spousal Support, Corporate, Credit & Debt, Bankruptcy
Status:  In Good Standing           

Dustin Deweese Nelson

Industry Specialties, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  42 Years

Patrick Joseph Slagle

Real Estate, Lawsuit & Dispute, Consumer Rights, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  14 Years

Todd Matthew Thomas

Landlord-Tenant, Wills & Probate, Divorce & Family Law, Bankruptcy
Status:  In Good Standing           Licensed:  20 Years

Scott F. Harley

Lawsuit & Dispute, Government, Divorce & Family Law, Bankruptcy & Debt
Status:  Suspended           Licensed:  47 Years

Thomas Arthur Dorey

Divorce & Family Law, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  47 Years

Charles Robert Loveland

Real Estate, Traffic, Family Law, Bankruptcy
Status:  In Good Standing           

Stephen James Wright

Industry Specialties, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  33 Years

Matthea W. Ross

Lawsuit & Dispute, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  12 Years

Robert A. Liebers

Real Estate, Child Custody, Criminal, Bankruptcy
Status:  Deceased           Licensed:  41 Years

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

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800-943-8690

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)
A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

FCRA

See Fair Credit Reporting Act.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)
The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)
Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.