Medanales 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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Mekko Mangas Miller

General Practice

Status: In Good Standing

CONTACT

2 Tunyo Po, Santa Fe, NM 87506

Kevin William Muxlow

Construction, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

17 Feather Rd, Santa Fe, NM 87506

Timothy Albert Bullock

Construction, Litigation, Corporate, Reorganization

Status: In Good Standing Licensed: 34 Years

CONTACT

50 Lantana St, Los Alamos, NM 87547

Lewis J. Terr

Divorce & Family Law, Family Law, Collection

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Amy L. Propps

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Family Law

Status: In Good Standing

CONTACT

Santa Fe, NM 87594

Bernard John Frimond

Bankruptcy & Debt

Status: Inactive Licensed: 45 Years

CONTACT

121 Candelario St, Santa Fe, NM 87501

Robert Allen Stranahan

Dispute Resolution, Consumer Protection, Administrative Law, Collection

Status: In Good Standing

CONTACT

4A Rancho Este St, Santa Fe, NM 87506

George Harold Lerew

Gift Taxation, Elder Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

3140 Vista Sandia Ave, Santa Fe, NM 87506

Michael Dale Baird

Bankruptcy & Debt, Accident & Injury, Commercial Real Estate

Status: In Good Standing

CONTACT

53 Dayflower Dr, Santa Fe, NM 87506

Douglas George Booth

Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

1223 S Saint Francis Dr, Santa Fe, NM 87505

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

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.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Medanales Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Mekko Mangas Miller

Kevin William Muxlow

Timothy Albert Bullock

Lewis J. Terr

Amy L. Propps

Bernard John Frimond

Robert Allen Stranahan

George Harold Lerew

Michael Dale Baird

Douglas George Booth

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LEGAL TERMS

REPOSSESSION

GRACE PERIOD

ABUSE

MEANS TEST

DEBIT CARD

PRESUMED ABUSE

CREDIT BUREAU

WORKOUT

SUBROGATION

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