Ponderosa Bankruptcy & Debt Lawyer, New Mexico

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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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Dennis M Feld

Bankruptcy & Debt, Tax, Real Estate

Status: In Good Standing

CONTACT

4020 Peggy Rd, Rio Rancho, NM 87124

Brett Steinbook

Business, Real Estate, Bankruptcy

Status: In Good Standing

CONTACT

7850 Jefferson N. E., Albuquerque, NM 87109

Anne D. Goodman

Bankruptcy, Corporate, Litigation, Transactions

Status: In Good Standing

CONTACT

6709 Academy Rd NE Ste A, Albuquerque, NM 87109

Andrea D. Steiling

Bankruptcy, Corporate

Status: In Good Standing

CONTACT

6709 Academy Rd NE Ste A, Albuquerque, NM 87109

Terrill L. Muller

Government, Credit & Debt, Family Law, Indians & Native Populations

Status: In Good Standing

CONTACT

P.O. Box 817, Bernalillo, NM 87004

Gerald G. Ohlsen

Credit & Debt, Bankruptcy, Consumer Bankruptcy, Landlord-Tenant

Status: In Good Standing

CONTACT

4688 Las Plazuelas, Santa Fe, NM 87507

George Harold Lerew

Gift Taxation, Elder Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

3140 Vista Sandia Ave, Santa Fe, NM 87506

Gini Nelson

Mediation, Clean Air Practice, Family Law, Credit & Debt

Status: In Good Standing

CONTACT

1704 Llano St, Santa Fe, NM 87505

Yvette J. Gonzales

Credit & Debt, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

CONTACT

Placitas, NM 87043

Amy L. Propps

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Family Law

Status: In Good Standing

CONTACT

Santa Fe, NM 87594

800-923-0641

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LEGAL TERMS

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.

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.

CCCS

See Consumer Credit Counseling Service.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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Ponderosa Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Dennis M Feld

Brett Steinbook

Anne D. Goodman

Andrea D. Steiling

Terrill L. Muller

Gerald G. Ohlsen

George Harold Lerew

Gini Nelson

Yvette J. Gonzales

Amy L. Propps

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LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

PREFERENCE

CCCS

WINDING UP

LIQUIDATING PARTNER

DOING BUSINESS AS (DBA)

COSIGNER

ADMINISTRATIVE EXPENSES

BANKRUPTCY TRUSTEE

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