San Patricio 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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Lauren Elizabeth Anne Truitt

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Criminal

Lauren E. A. Truitt completed her undergraduate degree at Texas State University in 2006, obtained her juris doctor (JD) from Oklahoma City University... (more)

CONTACT

575-378-3788

P.O. Box 402, Ruidoso, NM 88355

Sam Ross Sloan

General Practice

Status: Inactive Licensed: 52 Years

CONTACT

Ruidoso Downs, NM 88346

Mercedes Fernandez

General Practice

Status: Inactive

CONTACT

Ruidoso Downs, NM 88346

Freda Howard Mcswane

Accident & Injury, Criminal, Divorce & Family Law, DUI-DWI, Family Law

Status: In Good Standing

CONTACT

1100 Sudderth Dr, Ruidoso, NM 88345

William Griffin

Clean Air Practice, Mediation, Arbitration, Business & Trade

Status: In Good Standing

CONTACT

Ruidoso, NM 88355

Christopher William Westenberger

General Practice

Status: In Good Standing

CONTACT

206 Sudderth Dr, Ruidoso, NM 88345

Gary C. Mitchell

Mass Torts, DUI-DWI, Civil Rights, Personal Injury

Status: In Good Standing

CONTACT

Ruidoso, NM 88355

Tamara Milligan-Harmon

General Practice

Status: Inactive Licensed: 50 Years

CONTACT

122 Paseo De Aguayo, Alto, NM 88312

Zachary J. Cook

Administrative Law, Immigration, Business & Trade, Civil Rights

Status: In Good Standing

CONTACT

1703 Sudderth Dr, Ruidoso, NM 88345

Daniel A. Bryant

Criminal, Litigation, Federal Trial Practice, Water

Status: In Good Standing

CONTACT

159 Mescalero Trl, Ruidoso, NM 88345

800-923-0641

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

FCRA

See Fair Credit Reporting Act.

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.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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San Patricio Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Lauren Elizabeth Anne Truitt

Sam Ross Sloan

Mercedes Fernandez

Freda Howard Mcswane

William Griffin

Christopher William Westenberger

Gary C. Mitchell

Tamara Milligan-Harmon

Zachary J. Cook

Daniel A. Bryant

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LEGAL TERMS

CURRENT MONTHLY INCOME

C CORPORATION

GARNISHMENT

SETOFF

FCRA

FRATERNAL BENEFIT SOCIETY BENEFITS

INFRINGEMENT (OF TRADEMARK)

CHAPTER 13 BANKRUPTCY

BULK SALES LAW

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