Truchas 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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Lewis J. Terr

Divorce & Family Law, Family Law, Collection

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Amy L. Propps

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Family Law

Status: In Good Standing

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Santa Fe, NM 87594

Pamela Judith Crane

Patent, Entertainment, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

Santa Fe, NM 87592

Dylan O'Reilly

Landlord-Tenant, Mediation, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Stefanie Beninato

Mediation, Clean Air Practice, Arbitration, Credit & Debt

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

R. Daniel Castille

Landlord-Tenant, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

Santa Fe, NM 87502

Douglas George Booth

Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

1223 S Saint Francis Dr, Santa Fe, NM 87505

Bruce Cullen Hallmark

Litigation, Credit & Debt, Commercial Real Estate, Clean Air Practice

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

David P. Levin

Credit & Debt, Employee Rights, Family Law, Landlord-Tenant

Status: In Good Standing

CONTACT

Santa Fe, NM 87502

Christopher M. Grimmer

Landlord-Tenant, Credit & Debt, Federal Trial Practice, Bankruptcy, Real Estate Other

Status: In Good Standing

CONTACT

Santa Fe, NM 87594

800-923-0641

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LEGAL TERMS

TRADE NAME

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

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

FCRA

See Fair Credit Reporting Act.

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.

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.

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.

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Truchas Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Lewis J. Terr

Amy L. Propps

Pamela Judith Crane

Dylan O'Reilly

Stefanie Beninato

R. Daniel Castille

Douglas George Booth

Bruce Cullen Hallmark

David P. Levin

Christopher M. Grimmer

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LEGAL TERMS

TRADE NAME

LOSS DAMAGE WAIVER (LDW)

INFRINGEMENT (OF TRADEMARK)

FRAUDULENT TRANSFER

NONEXEMPT PROPERTY

FCRA

S CORPORATION

WINDING UP

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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