Stevenson Ranch Bankruptcy & Debt Lawyer, California

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Charles Martin
About | Practice Areas
Law Office of Charles Martin
17461 Irvine Blvd Suite F Tustin, CA 92780» view map
Bankruptcy & Debt
Professional. Affordable. Reliable.

We have 19 years of experience handling thousands of bankruptcies. With our legal assistance we will guide you through the process of bankruptcy.

800-975-9061
1. Charles Martin Tustin, CA
  Attorney at Law - CA, 2003
  Chapman University J.D.
2. AboutLaw Office of Charles Martin
  We love our customers.
3. Practice AreasExpertise
  Bankruptcy & Debt
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Bill James Thompson

Real Estate, Entertainment, Divorce & Family Law, Collection

Status: In Good Standing

CONTACT

28212 Kelly Johnson Pkwy, Valencia, CA 91355

Blyth Birchall

General Practice

Status: Inactive Licensed: 39 Years

CONTACT

27053 Island Rd, Valencia, CA 91355

Charles John Brash

Real Estate, Estate, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

24405 Chestnut St, Newhall, CA 91321

Cindy R Schwartz

General Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

23847 Arroyo Park Dr, Valencia, CA 91355

Corey Carter

Litigation, Civil Rights, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

27240 Turnberry Ln, Valencia, CA 91355

Corey Alan Carter

Litigation, Civil Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

27240 Turnberry Ln, Valencia, CA 91355

Gary Michael Jackson

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

25350 Magic Mountain Pkwy, Valencia, CA 91355

Hunt Clarke Braly

Landlord-Tenant, Real Estate, Dispute Resolution, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

25350 Magic Mountain Pkwy, Valencia, CA 91355

James J. Cole

Intellectual Property, Civil Rights, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

28159 Avenue Stanford, Valencia, CA 91355

Jennifer Jiyoung Lee

Government, Business, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

24355 Creekside Rd, Santa Clarita, CA 91380

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.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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.

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.

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Stevenson Ranch Bankruptcy & Debt Lawyer, California

Sponsored Law Firm

Law Office of Charles Martin

SPONSORED LAWYERS

Bill James Thompson

Blyth Birchall

Charles John Brash

Cindy R Schwartz

Corey Carter

Corey Alan Carter

Gary Michael Jackson

Hunt Clarke Braly

James J. Cole

Jennifer Jiyoung Lee

TIPS

LEGAL TERMS

SETOFF

BULK SALES LAW

PRESUMED ABUSE

REDEMPTION

GARNISHMENT

DEBT COLLECTOR

ACCORD AND SATISFACTION

BANKRUPTCY TRUSTEE

S CORPORATION

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