Greenbelt Credit & Debt Lawyer, Maryland
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1-5 of 5 matches. Page 1 of 1
6411 Ivy Lane, Greenbelt, MD 20770
Profile LAWPOINTS™59/100
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6411 Ivy Lane, Greenbelt, MD 20770
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Christopher L. Hamlin
Litigation, Criminal, Credit & Debt, Bankruptcy & Debt
Status: In Good Standing
6411 Ivy Lane, Greenbelt, MD 20770
Profile LAWPOINTS™55/100
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Michelle Ericka Stawinski
Real Estate, Lawsuit & Dispute, Credit & Debt, Bankruptcy & Debt
Status: In Good Standing
Riverdale, MD 20738
Profile LAWPOINTS™32/100
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Shakisha Ayana O'Connor
Credit & Debt, Litigation, Civil Rights, Federal Trial Practice
Status: In Good Standing
6411 Ivy Lane, Greenbelt, MD 20770
Profile LAWPOINTS™19/100
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LEGAL TERMS
C CORPORATION
Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)
Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.
TRADE NAME
The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.
SECURED DEBT
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.
CYBERSQUATTING
Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)
Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.
FRATERNAL BENEFIT SOCIETY BENEFITS
These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)
These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.
FAIR LABOR STANDARDS ACT (FLSA)
A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)
A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.
LIMITED LIABILITY
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.
SETOFF
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.
COLLECTION AGENCY
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.
SAMPLE LEGAL CASES
APPLICATION OF STERN
... Instead, he continued to increase his debt until no one would extend 1251 him further credit. ...
In 2002, the applicant entered law school, where he accumulated $58,000 in student loan debt
and continued to make no effort to pay the delinquent retail credit debt. ...
FORD MOTOR CREDIT COMPANY, LLC v. Roberson
... During the proceedings, Ford Motor Credit filed a motion for summary judgment, asserting that
it did not violate the discharge injunction as a matter of fact or law, was not a "debt collector" as
that term is used in the Fair Debt Collection Practices Act, 15 USC § 1692 et seq. ...
IN THE MATTER OF APPLICATION OF STERN
... Instead, he continued to increase his debt until no one would extend him further credit. ... In 2002,
the applicant entered law school, where he accumulated $58,000 in student loan debt and
continued to make no effort to pay the delinquent retail credit debt. ...
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