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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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Joseph Gibbons

Insurance, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

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

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

Allan K. Marshall

Landlord-Tenant, Contract, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 42 Years

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1819 JFK Blvd, Philadelphia, PA 19103

Mark Mailman

Consumer Protection, Consumer Rights, Credit & Debt, Collection

Status: In Good Standing

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100 South Broad Street, Philadelphia, PA 19110

Dawn L. Vahey

Real Estate, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

1600 Market St, Philadelphia, PA 19103

David E. Edwards

Corporate, Business Organization, Antitrust, Credit & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

1800 One Liberty Pl, Philadelphia, PA 19103

Thomas M. Pinney

Industry Specialties, Commercial Banks, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

1650 Market Street, Philadelphia, PA 19103

Kim Kocher

Land Use & Zoning, Litigation, Insurance, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

2001 Market St, Philadelphia, PA 19103

Anthony Elia Tabasso

General Practice

Status: In Good Standing Licensed: 24 Years

CONTACT

2534 S 22Nd St, Philadelphia, PA 19145

800-923-0641

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LEGAL TERMS

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

FCBA

See Fair Credit Billing Act.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

SAMPLE LEGAL CASES

Biese v. Biese

... 10 In Issue A(2), Husband asserts that all of the parties' credit card debt should not have been apportioned to him. According to Husband, if the Master's goal was a 50/50 split of the marital estate, he should have assigned half of the $10,584.00 credit card debt to Wife. ...

DEBT SETTLEMENT USA, INC. v. Kaplan

... Act 117 also defines "debt settlement services" as: [a]n action or negotiation made on behalf of a consumer with that consumer's creditors for the purpose of the creditor forgiving part or all of the principal of the debt incurred or credit extended to that consumer. ...

Commonwealth Financial Systems, Inc. v. Smith

... ("CFS") appeals from the judgment entered in favor of Ms. Larry Smith ("Ms. Smith") in this action to collect a credit card debt. [1] We affirm. ... By March 2002, Ms. Smith was approximately $2,000 in debt on her credit card account. CFS buys and collects debts. ...

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Philadelphia Credit & Debt Lawyer, Pennsylvania

Sponsored Law Firm

Wakhisi-Douglas LLC

SPONSORED LAWYERS

Joseph Gibbons

Joan C. Rosoff

Michael S. Schwartz

Allan K. Marshall

Mark Mailman

Dawn L. Vahey

David E. Edwards

Thomas M. Pinney

Kim Kocher

Anthony Elia Tabasso

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

NONEXEMPT PROPERTY

FCBA

PRESUMED ABUSE

HOUSEHOLDER

LIMITED PARTNERSHIP

REDEMPTION

LIABILITY

FRAUDULENT TRANSFER

SAMPLE LEGAL CASES

Biese v. Biese

DEBT SETTLEMENT USA, INC. v. Kaplan

Commonwealth Financial Systems, Inc. v. Smith

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