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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Abigail Sullivan-Engen

Credit & Debt, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Amelia J. Adair

Commercial Real Estate, Dispute Resolution, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

59 Monte Alto Rd, Santa Fe, NM 87508

Amelia J. Adair

Mediation, Wills & Probate, Business, Collection

Status: In Good Standing

CONTACT

59 Monte Alto Rd, Santa Fe, NM 87508

Amelia J. Adair

Commercial Real Estate, Dispute Resolution, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

59 Monte Alto Rd, Santa Fe, NM 87508

Amy L. Propps

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Family Law

Status: In Good Standing

CONTACT

Santa Fe, NM 87594

Angelica Anaya Allen

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Commercial Real Estate

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Anthony Sclafani

General Practice

Status: In Good Standing

CONTACT

2600 W Zia Rd, Santa Fe, NM 87505

Ben Andrew Mondragon

Credit & Debt, Federal Trial Practice, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

Las Vegas, NM 87701

Bernard John Frimond

Bankruptcy & Debt

Status: Inactive Licensed: 45 Years

CONTACT

121 Candelario St, Santa Fe, NM 87501

Bruce Cullen Hallmark

Litigation, Credit & Debt, Commercial Real Estate, Clean Air Practice

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

800-923-0641

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LEGAL TERMS

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CCCS

See Consumer Credit Counseling Service.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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Cleveland Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Abigail Sullivan-Engen

Amelia J. Adair

Amelia J. Adair

Amelia J. Adair

Amy L. Propps

Angelica Anaya Allen

Anthony Sclafani

Ben Andrew Mondragon

Bernard John Frimond

Bruce Cullen Hallmark

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LEGAL TERMS

SOLE PROPRIETORSHIP

NO-FAULT INSURANCE

REAFFIRMATION

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CREDIT BUREAU

LIQUIDATING PARTNER

CCCS

LIABILITY

LIMITED PARTNERSHIP

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