Sandia Park Bankruptcy & Debt Lawyer, New Mexico, page 2

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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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Christopher M. Gatton

Patent, Entertainment, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

10400 Academy Rd Ne, Albuquerque, NM 87111

George D. Giddens

Landlord-Tenant, Mediation, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

10400 Academy Rd Ne, Albuquerque, NM 87111

Marion Davidson

Tax, Commercial Bankruptcy, Residential Real Estate, Business & Trade

Status: In Good Standing Licensed: 52 Years

CONTACT

Star Route, Placitas, NM 87043

Peter G. Tasso

General Practice

Status: In Good Standing

CONTACT

13223 Emery Point Avenue N.E., Albuquerque, NM 87111

Jeffrey D. Johnson

Credit & Debt, Clean Air Practice, Wills, Dispute Resolution

Status: In Good Standing

CONTACT

5612 Cometa Ct Ne, Albuquerque, NM 87111

Miriam Sutherland

Administrative Law, Bankruptcy, Environmental Law Other, Personal Injury

Status: In Good Standing

CONTACT

3112 Palo Alto Dr Ne, Albuquerque, NM 87111

Deborah M. DeMack

Bankruptcy & Debt, Bankruptcy, Collection

Status: In Good Standing

CONTACT

the Law Office of George "Dave" Giddens,PC., Albuquerque, NM 87111

Arun Arjan Melwani

Credit & Debt, Consumer Bankruptcy, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

10749 Prospect Ave Ne, Albuquerque, NM 87112

Christopher L. Trammell

Bankruptcy

Status: In Good Standing

CONTACT

3900 Juan Tabo Blvd Ne, Albuquerque, NM 87111

Carrie Louise Cook

Commercial Real Estate, Landlord-Tenant, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

6501 Eagle Rock Ave NE, Albuquerque, NM 87113

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

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

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

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.

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Sandia Park Bankruptcy & Debt Lawyer, New Mexico, page 2

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Christopher M. Gatton

George D. Giddens

Marion Davidson

Peter G. Tasso

Jeffrey D. Johnson

Miriam Sutherland

Deborah M. DeMack

Arun Arjan Melwani

Christopher L. Trammell

Carrie Louise Cook

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

ACCORD AND SATISFACTION

PREFERENCE

GRACE PERIOD

DEBIT CARD

REPOSSESSION

WORKOUT

CHAPTER 7 BANKRUPTCY

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