Richmond Bankruptcy & Debt Lawyer, Michigan, page 3

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Elizabeth A. Ferguson

Labor Law, Civil Rights, Contract, Credit & Debt
Status:  In Good Standing           Licensed:  27 Years

Larry R. Kipke

Landlord-Tenant, Divorce, Civil Rights, Credit & Debt
Status:  In Good Standing           Licensed:  38 Years

Richard G. Roosen

Consumer Rights, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

Susan A. Rancilio

Consumer Rights, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  33 Years

Fred L. Gibson

Traffic, Employee Rights, Civil Rights, Collection, Defamation & Slander
Status:  In Good Standing           

David L. Mazur

Estate Planning, Elder Law, Business, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  37 Years

Joseph Peter Ciaramitaro

Estate, Contract, Business, Bankruptcy & Debt
Status:  In Good Standing           

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Jennifer L. Schmidt

Federal Appellate Practice, Family Law, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  29 Years

Sara Habib Habbo

Dispute Resolution, Labor Law, Consumer Rights, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  11 Years

Jack L. Berman

Education, Garnishment, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  52 Years

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Lawyer.com can help you easily and quickly find Richmond Bankruptcy & Debt Lawyers and Richmond Bankruptcy & Debt Law Firms. Refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

TRADE NAME

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

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.