Mimbres Collection 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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Not enough matches for Mimbres Collection lawyer.
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Bonne Beavers

Environmental Law Other, Disability

Status: Inactive Licensed: 25 Years

CONTACT

147 Galaz St, Hanover, NM 88041

Sandra Gale Suhr

General Practice

Status: Inactive Licensed: 34 Years

CONTACT

36 Rachel Rd, Arenas Valley, NM 88061

Michael Anthony Nicolai

General Practice

Status: Inactive Licensed: 46 Years

CONTACT

36 Rachel Rd, Arenas Valley, NM 88061

David A. Thomsen

General Practice

Status: Inactive

CONTACT

712 E 41st St, Silver City, NM 88061

Peter A. Keys

Wills & Probate, Elder Law, Bankruptcy

Status: In Good Standing

CONTACT

1213 Sara Ct, Silver City, NM 88061

Spenser J. Baca

Criminal, Family Law, Estate Planning, Social Security

Status: In Good Standing

CONTACT

1609 N Swan St, Arenas Valley, NM 88061

R. Nathan Gonzales

Criminal, Accident & Injury, Federal, Civil Rights, Civil & Human Rights

Status: In Good Standing

CONTACT

925 N Hudson St, Silver City, NM 88061

John Joseph Durkin

General Practice

Status: Inactive Licensed: 45 Years

CONTACT

2308 N Juniper Ave, Arenas Valley, NM 88061

Norman R. Wheeler

Children's Rights, Family Law, Divorce & Family Law

Status: In Good Standing

CONTACT

210 W Broadway St, Silver City, NM 88061

Nathan Gonzales

Criminal, Family Law, Corporate

Status: In Good Standing

CONTACT

925 N Hudson St, Silver City, NM 88061

800-923-0641

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LEGAL TERMS

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CREDIT FILE

See credit report.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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Mimbres Collection Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Bonne Beavers

Sandra Gale Suhr

Michael Anthony Nicolai

David A. Thomsen

Peter A. Keys

Spenser J. Baca

R. Nathan Gonzales

John Joseph Durkin

Norman R. Wheeler

Nathan Gonzales

TIPS

LEGAL TERMS

WINDING UP

CHAPTER 7 BANKRUPTCY

PRESUMED ABUSE

PRIORITY DEBT

BULK SALES LAW

TOXIC TORT

CREDIT FILE

COSIGNER

FRAUDULENT TRANSFER

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