Glorieta Bankruptcy & Debt Lawyer, New Mexico

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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

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

Bruce Cullen Hallmark

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

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Christopher Neal Orton

General Practice

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Christopher R. Carlsen

Landlord-Tenant, Litigation, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

117 N Guadalupe St, Santa Fe, NM 87501

Christopher M. Grimmer

Landlord-Tenant, Credit & Debt, Federal Trial Practice, Bankruptcy, Real Estate Other

Status: In Good Standing

CONTACT

Santa Fe, NM 87594

800-923-0641

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LEGAL TERMS

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

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.

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.

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.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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Glorieta 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

Angelica Anaya Allen

Anthony Sclafani

Bruce Cullen Hallmark

Christopher Neal Orton

Christopher R. Carlsen

Christopher M. Grimmer

TIPS

LEGAL TERMS

GARNISHMENT

INFRINGEMENT (OF TRADEMARK)

S CORPORATION

LIMITED PARTNERSHIP

CHAPTER 13 BANKRUPTCY

REAFFIRMATION

MEANS TEST

BANKRUPTCY TRUSTEE

IRS EXPENSES

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