Monroe Reorganization Lawyer, Georgia

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
2002 Summit Boulevard Suite 300 Atlanta, GA 30319» view map
Bankruptcy & Debt
We Fight Back and Win in Court

We’ve won hundreds of cases, and we’ve developed a reputation for resolving complex disputes favorably for our clients.

800-978-8941
1. Chuck Douglas Atlanta, GA
  Attorney at Law- GA
  Georgia State University College of Law, J.D. 2009
2. AboutWakhisi-Douglas LLC
  We Fight Back and Win in Court
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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Karen King

✓ VERIFIED

Bankruptcy & Debt, Bankruptcy, Collection, Credit & Debt, Reorganization

We have helped thousands of clients avoid home foreclosure, car repossession and reduce their other debts. Our experienced team fully understands the... (more)

FREE CONSULTATION

CONTACT

800-892-3680

215 Pryor Street, Atlanta, GA 30303

Christopher Phillips

Workout, Reorganization, Credit & Debt, Commercial Bankruptcy

Status: In Good Standing

CONTACT

Atlanta Financial Center, 3343 Peachtree Road, NE, Atlanta, GA 30326

W. Calvin Bomar

Estate Planning, Corporate, Business Organization, Reorganization

Status: In Good Standing

FREE CONSULTATION

CONTACT

5447 Roswell Rd NE, Atlanta, GA 30342

Glen Daryl Rubin

Wills & Probate, Reorganization, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

3145 Avalon Ridge Pl, Norcross, GA 30071

Jeff Field

Bankruptcy & Debt, Consumer Bankruptcy, Credit & Debt, Reorganization

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

342 North Clarendon Avenue, Scottdale, GA 30079

Antonia Ngozika Okonkwo

Real Estate, Immigration, International, Reorganization

Status: In Good Standing Licensed: 18 Years

CONTACT

11555 Medlock Bridge Rd, Duluth, GA 30097

Thomas J. Reichard

Reorganization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

3300 Northeast Expressway, Atlanta, GA 30341

Craig B. Lefkoff

Litigation, Reorganization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

5555 Glenridge Connector, Atlanta, GA 30342

Philip Lindsey Rubin

Litigation, Reorganization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

5555 Glenridge Connector, Atlanta, GA 30342

Steven Scott Heinrichs

Litigation, Transportation & Shipping, Antitrust, Reorganization

Status: In Good Standing Licensed: 31 Years

CONTACT

1200 Abernathy Road Ne, Atlanta, GA 30328

800-923-0641

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LEGAL TERMS

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

Monroe Reorganization Lawyer, Georgia

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Karen King

Christopher Phillips

W. Calvin Bomar

Glen Daryl Rubin

Jeff Field

Antonia Ngozika Okonkwo

Thomas J. Reichard

Craig B. Lefkoff

Philip Lindsey Rubin

Steven Scott Heinrichs

TIPS

LEGAL TERMS

LIMITED LIABILITY

CHAPTER 13 PLAN

REDEMPTION

S CORPORATION

ACCORD AND SATISFACTION

SOLE PROPRIETORSHIP

INTEREST

TRADE DRESS

FDCPA

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