Lake Worth Bankruptcy & Debt Lawyer, Florida

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Tania  Ochoa Lawyer

Tania Ochoa

VERIFIED
Bankruptcy & Debt

Proudly taking General Bankruptcy Matters, Chapter 7 Bankruptcy, and Chapter 13 Bankruptcy cases from West Palm Beach Florida.

Michael K. Bregman Lawyer

Michael K. Bregman

VERIFIED
Accident & Injury, Wrongful Death, Foreclosure, Credit & Debt, Discrimination
We provide personal attention for your personal injuries

The Law Offices of Michael K. Bregman, P.A. has helped thousands of clients that have been injured due to the negligence of others. We are available ... (more)

FREE CONSULTATION 

CONTACT

800-899-9240

Bruce S. Rosenwater Lawyer

Bruce S. Rosenwater

VERIFIED
Bankruptcy & Debt, Divorce & Family Law, Real Estate, Estate, Accident & Injury

Attorney Bruce S. Rosenwater was born in Cleveland, Ohio. He is a veteran attorney, having assisted Floridians for more than 30 years. Bruce founded a... (more)

David Philip Slater Lawyer

David Philip Slater

VERIFIED
Real Estate, Litigation, Collection, Wills & Probate

David P. Slater has over 30 years of litigation and general practice experience and handles all accident cases from investigation through trial, inclu... (more)

FREE CONSULTATION 

CONTACT

561-998-9401

Myles Brian Schlam Lawyer

Myles Brian Schlam

VERIFIED
Criminal, Divorce & Family Law, Lawsuit & Dispute, Bankruptcy & Debt, Estate
We handle criminal defense cases including DUI’s, general civil, and FL Marchman Act cases.

Myles Schlam is a practicing lawyer in the state of Florida. He received his J.D. from St. Thomas University School of Law in 2002.

Mark R. Osherow Lawyer

Mark R. Osherow

VERIFIED
Civil Rights, Bankruptcy, Construction, Contract, Intellectual Property

Mark R. Osherow is a Florida Bar Board Certified Specialist in Business Litigation with over 30 years of experience. He has practiced for most of thos... (more)

FREE CONSULTATION 

CONTACT

561-257-0880

Toni B. Ross Lawyer

Toni B. Ross

VERIFIED
Divorce & Family Law, Estate, Wills & Probate, Bankruptcy & Debt

Attorney Ross is a practicing lawyer in the state of Florida.

FREE CONSULTATION 

CONTACT

561-414-5647

Anthony J Aragona

Lawsuit & Dispute, Collection, Litigation, Corporate
Status:  In Good Standing           

L. Louis Mrachek

Class Action, Arbitration, Corporate, Bankruptcy
Status:  In Good Standing           

Amanda H. Rapp

Bankruptcy, Corporate, Complex Litigation, Contract
Status:  In Good Standing           

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LEGAL TERMS

TRADE NAME

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

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)
A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

CREDIT FILE

See credit report.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)
In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)
(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.