Fayette County, GA Bankruptcy & Debt Lawyers

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
2002 Summit Boulevard Suite 300 Atlanta, GA 30319» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Atlanta, GA
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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Frank Harper

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

Status: In Good Standing Licensed: 30 Years

FREE CONSULTATION

CONTACT

695 North Jeff Davis Drive, Fayetteville, GA 30214

Thomas Franklin Tierney

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 34 Years

FREE CONSULTATION

CONTACT

430 Prime Pointe, Peachtree City, GA 30269

Austin Franklin Harper

Traffic, Patent, Pension & Benefits, Bankruptcy

Status: In Good Standing

CONTACT

175 Johnson Avenue, Fayetteville, GA 30214

David Scott Ballard

Federal Trial Practice, Criminal, Insurance, Bankruptcy

Status: In Good Standing

CONTACT

113 Glynn Street S, Fayetteville, GA 30214

Jason Baine Thompson

Federal Claims Court, Civil Rights, Administrative Law, Collection

Status: In Good Standing

CONTACT

101 Devant Street, Fayetteville, GA 30214

Joseph Domenic Greco

Family Law, Business & Trade, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

CONTACT

103 Crofts Corner, Peachtree City, GA 30269

Tracy Trite Waldrop

Real Estate, Family Law, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

401 Westpark Court, Peachtree City, GA 30269

Jacob Bradley Vail

Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

Fayetteville, GA 30214

800-923-0641

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LEGAL TERMS

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

TRADE NAME

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

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIQUIDATING PARTNER

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

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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Fayette County, GA Bankruptcy & Debt Lawyers

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Frank Harper

Thomas Franklin Tierney

Austin Franklin Harper

David Scott Ballard

Jason Baine Thompson

Joseph Domenic Greco

Tracy Trite Waldrop

Jacob Bradley Vail

TIPS

LEGAL TERMS

CHAPTER 13 BANKRUPTCY

TRADE NAME

ACCORD AND SATISFACTION

FAIR CREDIT REPORTING ACT (FCRA)

WORKOUT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

WINDING UP

LIQUIDATING PARTNER

BULK SALES LAW

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