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Croton Falls Workout Lawyer, New York

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1-3 of 3 matches. Page 1 of 1  

Nat Wasserstein

Business, Credit & Debt, Workout, Corporate
Status:  In Good Standing           Licensed:  30 Years

FREE CONSULTATION 

CONTACT
328 North Broadway, Upper Nyack, NY 10960
Profile LAWPOINTS™87/100
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R. Spencer Lauterbach

Corporate, Workout, Household Mold, Trusts
Status:  In Good Standing           
CONTACT
151 North Main Street, New City, NY 10956
Profile LAWPOINTS™29/100
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Hyung Joon Stanley Lim

Banking & Finance, Credit & Debt, Workout, Lending
Status:  In Good Standing           
CONTACT
1 Crosfield Ave, West Nyack, NY 10994
Profile LAWPOINTS™34/100
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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

TRADE NAME

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

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

LIQUIDATING PARTNER

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

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)
A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

CREDITOR

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

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