North Olmsted Bankruptcy & Debt Lawyer, Ohio, page 3

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Kathleen Donnelly
About Us | Contact Us
Law Office of Kathleen Donnelly
526 Superior Ave #1030 Cleveland, OH 44114Â» view map
Chapter 7, Chapter 13, Free Evaluations
Need Debt Relief? Contact Me Today

There is hope for debt relief. At the Cleveland, Ohio, law office of Kathleen Donnelly, we help people like you to escape from under mountains of debt.

800-413-4100
1. Kathleen Donnelly Cleveland, Ohio
  Attorney at Law-OH,1988
  Cleveland State University, J.D. 1988
2. About UsKathleen Donnelly
  Find out what makes us one of the top law firms in the country for bankruptcy.
3. Contact UsCall or Email Right Now
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Christopher Paul Renkel

Litigation, Aviation, Criminal, Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

24500 Center Ridge Rd, Westlake, OH 44145

Kimberly A. Klemenok

Litigation, Workers' Compensation, Employee Rights, Collection

Status: In Good Standing Licensed: 27 Years

CONTACT

159 Crocker Park Blvd., Westlake, OH 44145

Caroline Erica Smith

International Other, Health Care Other, Employee Rights, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1991 Crocker Rd, Westlake, OH 44145

Timothy Dale Earls

Tax, International, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

23550 Center Ridge Rd, Westlake, OH 44145

Ricky Lee Bertram

Real Estate, Federal Appellate Practice, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 40 Years

CONTACT

6200 Riverside Dr, Cleveland, OH 44135

Scott David White

Collection, Family Law, Federal Appellate Practice, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

21300 Lorain Rd, Cleveland, OH 44126

Frederic Paul Schwieg

Commercial Bankruptcy, Workout, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

2705 Gibson Dr, Rocky River, OH 44116

William Joseph Ciszczon

Employee Rights, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

865 Bassett Road, Westlake, OH 44145

Donald Hazard Powers

Real Estate, Electronic Commerce, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 70 Years

CONTACT

2 Berea Commons, Berea, OH 44017

Michael Kenneth Provenza

Bankruptcy, Family Law, Federal Appellate Practice, Criminal

Status: In Good Standing Licensed: 33 Years

CONTACT

6800 Eastland Rd, Cleveland, OH 44130

800-923-0641

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LEGAL TERMS

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.

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.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

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.

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North Olmsted Bankruptcy & Debt Lawyer, Ohio, page 3

Sponsored Law Firm

Law Office of Kathleen Donnelly

SPONSORED LAWYERS

Christopher Paul Renkel

Kimberly A. Klemenok

Caroline Erica Smith

Timothy Dale Earls

Ricky Lee Bertram

Scott David White

Frederic Paul Schwieg

William Joseph Ciszczon

Donald Hazard Powers

Michael Kenneth Provenza

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LEGAL TERMS

GRACE PERIOD

MEANS TEST

FRAUDULENT TRANSFER

TRADE NAME

PRESUMED ABUSE

REPOSSESSION

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

S CORPORATION

REDEMPTION

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