Marcellus Bankruptcy & Debt Lawyer, New York

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Mary Lannon Fangio Lawyer

Mary Lannon Fangio

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Bankruptcy & Debt, Residential Real Estate
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When you need legal help to deal with debt, property or business matters, an experienced attorney offers you the best chance for a successful resoluti... (more)

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800-652-8481

David L Delvecchio

Bankruptcy, Contract, Estate Planning, Family Law
Status:  In Good Standing           

Donald Roger Swete

Traffic, Estate, Bankruptcy & Debt, Accident & Injury, Slip & Fall Accident
Status:  In Good Standing           Licensed:  39 Years

Lindy Madill

Bankruptcy, Credit & Debt
Status:  In Good Standing           

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Laura Harris Courage

Bankruptcy & Debt, Consumer Bankruptcy
Status:  In Good Standing           

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Robert K. Greenough

Divorce & Family Law, Motor Vehicle, Bankruptcy & Debt, DUI-DWI, Accident & Injury
Status:  In Good Standing           Licensed:  42 Years

Josephine Tze Dou Yang-Patyi

Litigation, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Russell S. Simonetta

Real Estate, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  35 Years

F Paul Vellano

Commercial Real Estate, Transactions, Banking & Finance, Credit & Debt
Status:  In Good Standing           

Steven Richard Dolson

Bankruptcy, Social Security, Disability, Bankruptcy
Status:  In Good Standing           

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)
A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

CREDIT FILE

See credit report.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.