Albuquerque 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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Jacob Salazar

Criminal, Insurance, Credit & Debt, Accident & Injury

CONTACT

505-312-7605

400 Central Ave Se, Albuquerque, NM 87125

Andrea D. Steiling

Bankruptcy, Corporate

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6709 Academy Rd NE Ste A, Albuquerque, NM 87109

Brett Steinbook

Business, Real Estate, Bankruptcy

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7850 Jefferson N. E., Albuquerque, NM 87109

Dennis M Feld

Bankruptcy & Debt, Tax, Real Estate

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4020 Peggy Rd, Rio Rancho, NM 87124

Merrie L Chappell

Divorce & Family Law, Bankruptcy & Debt, Estate, Lawsuit & Dispute

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Albuquerque, NM 87154

Michael F. Hacker

Bankruptcy & Debt, Bankruptcy, Consumer Bankruptcy, Social Security, Workers' Compensation

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FREE CONSULTATION

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505 Marquette Avenue NW, Albuquerque, NM 87102

Edward Mazel

Bankruptcy Litigation, Commercial Bankruptcy, Dissolution

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CONTACT

1122 Central Ave SW Ste 1, Albuquerque, NM 87102

Kerry J. Morris

Adoption, Alimony & Spousal Support, Bad Faith Insurance, Bankruptcy, Corporate

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CONTACT

901 Lomas Blvd Nw, Albuquerque, NM 87102

Victor E. Carlin

Litigation, Credit & Debt, Commercial Real Estate, Workout

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Albuquerque, NM 87125

James Clay Hume

Bankruptcy & Debt

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CONTACT

Albuquerque, NM 87184

800-814-6700

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LEGAL TERMS

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

FCBA

See Fair Credit Billing Act.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

TRADE NAME

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

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.

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Albuquerque Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Jacob Salazar

Andrea D. Steiling

Brett Steinbook

Dennis M Feld

Merrie L Chappell

Michael F. Hacker

Edward Mazel

Kerry J. Morris

Victor E. Carlin

James Clay Hume

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LEGAL TERMS

FAIR CREDIT BILLING ACT (FCBA)

FCBA

ABUSE

S CORPORATION

NUISANCE FEES

REDEMPTION

GUARANTOR

TRADE NAME

DEBT COLLECTOR

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