Philadelphia Bankruptcy & Debt Lawyer, Pennsylvania, page 2

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Chuck Douglas
About | Practice Areas
Wakhisi-Douglas LLC
1650 Market Street Suite 3600 Philadelphia, PA 19103» 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 Philadelphia, PA
  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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Merritt A. Cole

Electronic Commerce, Public Finance, Business Organization, Bankruptcy

Status: In Good Standing

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1650 Market Street, Philadelphia, PA 19103

Joan C. Rosoff

Foreclosure, Business Organization, Lending, Credit & Debt

Status: In Good Standing

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1650 Market Street, Philadelphia, PA 19103

Paul R. Rosen

Litigation, Corporate, Business Organization, Bankruptcy

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1635 Market St., Philadelphia, PA 19103

Michael Christopher Gallagher

Construction Contracts, Class Action, Federal Employees, Family Law, Workout

Status: In Good Standing

FREE CONSULTATION

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1700 Market Street, Philadelphia, PA 19103

Drew Salaman

Lawsuit & Dispute, Business, Collection, Property Damage, Contract

Status: In Good Standing

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100 South Broad Street, Philadelphia, PA 19110

Casey O. Srogoncik

Adoption, Bankruptcy, Corporate, Business Organization

Status: In Good Standing

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1818 MARKET ST, STE 3620, Philadelphia, PA 19103

Charles J. Weiss

Labor Law, Employment, Criminal, Bankruptcy

Status: In Good Standing

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400 Maryland Drive, Fort Washington, PA 19034

Leslie J. Rase

Bankruptcy, Consumer Protection, Estate Planning, Family Law, Real Estate

Status: In Good Standing

FREE CONSULTATION

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41 East Front Street, Media, PA 19063

Joshua C. Quinter

Construction, Bad Faith Insurance, Corporate, Collection

Status: In Good Standing

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Union Meeting Corporate Center, 910 Harvest Drive, Blue Bell, PA 19422

Michael S. Schwartz

Bankruptcy, Foreclosure, Credit & Debt, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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707 Lakeside Office Park, Street and Stump Roads, Feasterville Trevose, PA 19053

800-923-0641

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

TRADE NAME

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

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

CREDIT FILE

See credit report.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.

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.

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Philadelphia Bankruptcy & Debt Lawyer, Pennsylvania, page 2

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Merritt A. Cole

Joan C. Rosoff

Paul R. Rosen

Michael Christopher Gallagher

Drew Salaman

Casey O. Srogoncik

Charles J. Weiss

Leslie J. Rase

Joshua C. Quinter

Michael S. Schwartz

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LEGAL TERMS

CREDIT BUREAU

TRADE NAME

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDIT FILE

SETOFF

CHAPTER 13 PLAN

IRS EXPENSES

CHAPTER 7 BANKRUPTCY

LIMITED PARTNERSHIP

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