Franklin Reorganization Lawyer, Georgia

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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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2. Email
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Not enough matches for Franklin Reorganization lawyer.
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James Gordon Baker

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Harold Matthew Horne

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David Scott Rogers

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Robert B. Wooldridge

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Angel Jacobs

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David Lee Cates

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Status: In Good Standing Licensed: 44 Years

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Michael Hugh Hill

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

Franklin Reorganization Lawyer, Georgia

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

James Gordon Baker

John B. Tucker

Harold Matthew Horne

Michael Alexander Gorove

David Scott Rogers

Robert B. Wooldridge

Angel Jacobs

David Lee Cates

Michael Hugh Hill

TIPS

LEGAL TERMS

401(K) PLAN

WINDING UP

ACCORD AND SATISFACTION

REAFFIRMATION

CHAPTER 7 BANKRUPTCY

NONDISCHARGEABLE DEBTS

S CORPORATION

CURRENT MONTHLY INCOME

FDCPA

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