Millersburg Bankruptcy & Debt Lawyer, Ohio, page 2

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Jeff Douglas Drushal

Estate Planning, Employee Rights, Banking & Finance, Bankruptcy
Status:  In Good Standing           Licensed:  48 Years

Justin Edward Chenevey

Estate Planning, Estate, Criminal, Bankruptcy
Status:  In Good Standing           Licensed:  13 Years

Katherine Anne Wilson Gallagher

Wills & Probate, Trusts, Estate, Elder Law, Collection
Status:  In Good Standing           

Kathryn Kariotis Vanderwist

Electronic Commerce, Employee Rights, Corporate, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  40 Years

Lucas Keith Palmer

Construction, Litigation, Insurance, Collection
Status:  In Good Standing           Licensed:  18 Years

Mark Edward Leininger

Real Estate, Estate, Corporate, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  30 Years

Michael Stephen Rudy

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury
Status:  In Good Standing           Licensed:  29 Years

Patrick Earl Noser

Litigation, Lawsuit, Federal Appellate Practice, Collection
Status:  In Good Standing           Licensed:  22 Years

Richard Kale Whitney

Social Security, Family Law, Elder Law, Bankruptcy
Status:  In Good Standing           Licensed:  38 Years

Robert Christopher Gorman

Litigation, Employee Rights, Collection, Commercial Bankruptcy
Status:  In Good Standing           Licensed:  29 Years

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)
A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)
A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

CREDITOR

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

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)
The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

COLLATERAL

Property that guarantees payment of a secured debt.