Lovell Bankruptcy & Debt Lawyer, Maine, page 4

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E. Chris L'Hommedieu
About | Practice Areas
L'Hommedieu Law Office, P.A.
190 Bates Street Lewiston, ME 04240» view map
Bankruptcy & Debt
More Than Just A Law Firm

L'Hommedieu Law Office, P.A. has been providing the best in legal representation in Bankruptcy, Personal Injury, Disability and Family law since 1997.

800-941-5060
1. E. Chris L'Hommedieu Lewiston, ME
  Attorney at Law - ME, 1996
  University of Maine J.D. 1995
2. AboutL'Hommedieu Law Office, P.A.
  More Than Just A Law Firm
3. Practice AreasExpertise
  Bankruptcy & Debt
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Gregory A. Moffett

Litigation, Children's Rights, Business, Bankruptcy

Status: In Good Standing

CONTACT

Portland, ME 04112

Joshua E. Menard

Bankruptcy, Business

Status: In Good Standing

CONTACT

Portland, ME 04112

Reid Hayton-Hull

Commercial Real Estate, Corporate, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

84 Marginal Way, Portland, ME 04101

Alice A. Neal

Estate Planning, Family Law, Civil Rights, Bankruptcy

Status: In Good Standing

CONTACT

200 High Street, Portland, ME 04101

Jennifer L. Kruszewski

Government, Estate Administration, Estate, Reorganization

Status: In Good Standing Licensed: 19 Years

CONTACT

Two Monument Square, Portland, ME 04101

Michael J. Pearce

Commercial Real Estate, Litigation, Transactions, Reorganization

Status: In Good Standing

CONTACT

Two Monument Square, Portland, ME 04112

Joshua R. Dow

Litigation, Transactions, Corporate, Reorganization

Status: In Good Standing

CONTACT

Two Monument Square, Portland, ME 04112

John P. McVeigh

Litigation, International Intellectual Property, Securities, Bankruptcy

Status: In Good Standing

CONTACT

One City Center, Portland, ME 04112

Michael F. Hahn

Business & Trade, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

Portland, ME 04112

James R. Lemieux

Real Estate, Commercial Bankruptcy, Corporate, Estate

Status: In Good Standing

CONTACT

57 Exchange St, Portland, ME 04101

800-923-0641

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LEGAL TERMS

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.

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.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

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Lovell Bankruptcy & Debt Lawyer, Maine, page 4

Sponsored Law Firm

L'Hommedieu Law Office, P.A.

SPONSORED LAWYERS

Gregory A. Moffett

Joshua E. Menard

Reid Hayton-Hull

Alice A. Neal

Jennifer L. Kruszewski

Michael J. Pearce

Joshua R. Dow

John P. McVeigh

Michael F. Hahn

James R. Lemieux

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LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

401(K) PLAN

ADMINISTRATIVE EXPENSES

LIEN

DOING BUSINESS AS (DBA)

WINDING UP

BULK SALES LAW

DEBIT CARD

BANKRUPTCY TRUSTEE

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