Pineland Bankruptcy & Debt Lawyer, Florida, page 3

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Atty. Raymond Mitchell
Chapter 7 | Chapter 13
The Law Firm of Raymond Mitchell
3717 Del Prado Blvd. South Cape Coral, Florida 33904 » view map
Lee County Bankruptcy Lawyer
We Help You Survive Financial Attacks

We strive to protect your freedom and rights and provide high quality legal services to you in a professional, respectful, realistic and honest manner.

800-256-5820
1. Raymond B. Mitchell Cape Coral
  Attorney At Law - FL, 1994
  Regent University School of Law - 1993
2. Chapter 7Liquidation
  A Chapter 7 liquidation proceeding is available to individuals, partnerships, and corporations.
3. Chapter 13Reorganization
  A Chapter 13 bankruptcy, or "wage earner reorganization" is available only to individuals with regular income.
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James Leray LeGrande

Civil Rights, Adoption, Bankruptcy, Contract, Personal Injury

Status: Inactive Licensed: 50 Years

CONTACT

Fort Myers, FL 33902

Shannon M Puopolo

Litigation, Contract, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

Fort Myers, FL 33902

Brian David Zinn

International Tax, Civil Rights, Contract, Credit & Debt

Status: In Good Standing

CONTACT

6 Mile Cypress Pkwy, Fort Myers, FL 33966

Michael Joseph Rich

Federal Appellate Practice, Divorce & Family Law, Criminal, Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

2211 Widman Way, Fort Myers, FL 33901

Kurt Alan Streyffeler

Family Law, Adoption, Civil Rights, Business, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

Fort Myers, FL 33902

J Jeffrey Rice

Civil Rights, Bankruptcy, Construction, Divorce, Contract

Status: In Good Standing Licensed: 49 Years

CONTACT

Fort Myers, FL 33902

Gregory N. Burns

Bankruptcy & Debt, Elder Law, Estate Planning, Estate

Status: Deceased Licensed: 50 Years

FREE CONSULTATION

CONTACT

2709 Swamp Cabbage Court, Fort Myers, FL 33901

Michelle Tina Trunkett

Bankruptcy, Commercial Real Estate, Motor Vehicle, Credit & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

3210 Cleveland Ave, Fort Myers, FL 33901

Radha Rothrock

Tax, Immigration, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

12811 Kenwood Ln, Fort Myers, FL 33907

Richard A Johnston

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

Fort Myers, FL 33902

800-923-0641

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LEGAL TERMS

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 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all 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.

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.

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Pineland Bankruptcy & Debt Lawyer, Florida, page 3

Sponsored Law Firm

The Law Firm of Raymond Mitchell

SPONSORED LAWYERS

James Leray LeGrande

Shannon M Puopolo

Brian David Zinn

Michael Joseph Rich

Kurt Alan Streyffeler

J Jeffrey Rice

Gregory N. Burns

Michelle Tina Trunkett

Radha Rothrock

Richard A Johnston

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LEGAL TERMS

SETOFF

CHAPTER 13 BANKRUPTCY

INFRINGEMENT (OF TRADEMARK)

UNDUE HARDSHIP

FRATERNAL BENEFIT SOCIETY BENEFITS

DISPOSABLE INCOME

PREFERENCE

S CORPORATION

LIMITED LIABILITY

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