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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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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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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Albuquerque, NM 87184

800-814-6700

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LEGAL TERMS

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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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

HOUSEHOLDER

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

ACCORD AND SATISFACTION

401(K) PLAN

WORKOUT

FRAUDULENT TRANSFER

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

CREDITOR

CHAPTER 13 PLAN

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