Olivia Bankruptcy & Debt Lawyer, North Carolina

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George Oliver
About | Practice Areas
Oliver & Cheek, PLLC
405 Middle Street New Bern, NC 28560» view map
Bankruptcy & Debt Law
Your Business Partner

Oliver & Cheek, PLLC is a full service business firm providing a wide range of legal services to clients in North Carolina.

252-633-1930
1. George Oliver New Bern, NC
  Attorney at Law- NJ, 1999
  University of North Carolina School of Law, J.D. 1999
2. AboutOliver & Cheek, PLLC
  Your Business Partner
3. Practice AreasExpertise
  Bankruptcy & Debt Law
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Baccuhus H Carver

Estate Planning, Divorce, DUI-DWI, Collection

Status: In Good Standing

CONTACT

200 W. Old Road, Lillington, NC 27546

Brett Smith Yauger

Bankruptcy, Criminal, Workers' Compensation

Status: In Good Standing Licensed: 29 Years

CONTACT

Carthage, NC 28327

Arthur M. Blue

Family Law, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

406 Monroe St, Carthage, NC 28327

Terry Hutchens

Business, Accident & Injury, Workers' Compensation, Bankruptcy & Debt

FREE CONSULTATION

CONTACT

4317 Ramsey Street, Fayetteville, NC 28311

Lanée Borsman

Foreclosure, Civil Rights, Contract, Collection

Status: In Good Standing

CONTACT

4317 Ramsey St, Fayetteville, NC 28311

Stephen Troy Staley

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

4317 Ramsey Street, Fayetteville, NC 28311

Troy Staley

Family Law, Bankruptcy & Debt

Status: In Good Standing

CONTACT

4317 Ramsey Street, Fayetteville, NC 28311

J Scott Flowers

Business, Litigation, Foreclosure, Collection

Status: In Good Standing

CONTACT

4317 Ramsey St, Fayetteville, NC 28311

H. Terry Hutchens

Commercial Real Estate, Civil Rights, Business, Credit & Debt

Status: In Good Standing

CONTACT

4317 Ramsey Street, Fayetteville, NC 28311

Christopher T. Salyer

Foreclosure, Child Custody, Merger & Acquisition, Collection

Status: In Good Standing

CONTACT

Fayetteville, NC 28302

800-923-0641

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LEGAL TERMS

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.

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.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

CREDITOR

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

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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Olivia Bankruptcy & Debt Lawyer, North Carolina

Sponsored Law Firm

Oliver & Cheek, PLLC

SPONSORED LAWYERS

Baccuhus H Carver

Brett Smith Yauger

Arthur M. Blue

Terry Hutchens

Lanée Borsman

Stephen Troy Staley

Troy Staley

J Scott Flowers

H. Terry Hutchens

Christopher T. Salyer

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LEGAL TERMS

DISPOSABLE INCOME

FRAUDULENT TRANSFER

S CORPORATION

AUTOMATIC STAY

CREDITOR

LIMITED PARTNERSHIP

NONDISCHARGEABLE DEBTS

CHAPTER 13 PLAN

IRS EXPENSES

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