Albuquerque Bankruptcy & Debt Lawyer, New Mexico, page 3

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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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Shay E. Meagle

Litigation, Dispute Resolution, Contract, Bankruptcy & Debt

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8015 Mountain Road Place N. E., Albuquerque, NM 87110

Kevin J. Hanratty

Motor Vehicle, Student Rights, Commercial Banks, Collection, DUI-DWI

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19 Pool St Nw, Albuquerque, NM 87120

Christopher L. Trammell

Bankruptcy

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3900 Juan Tabo Blvd Ne, Albuquerque, NM 87111

Dean George Constantine

General Practice

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7850 Jefferson St Ne, Albuquerque, NM 87109

Gerald R. Velarde

Litigation, Credit & Debt, Bankruptcy, Bankruptcy & Debt

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Albuquerque, NM 87192

Michael Edward Lash

Corporate, Bankruptcy, Entertainment, Credit & Debt, Patent

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2920 Carlisle Blvd Ne, Albuquerque, NM 87110

Susan K. Tomita

Tax, Real Estate, Estate Planning, Elder Law, Bankruptcy

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6100 Indian School Rd Ne, Albuquerque, NM 87110

Stephen P. Curtis

Contract, Estate, Residential Real Estate, Bankruptcy & Debt

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6747 Academy Rd Ne, Albuquerque, NM 87109

Margaret E. Montoya

Bankruptcy

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1 University of New Mexico, Albuquerque, NM 87131

Robert J. Muehlenweg

Commercial Real Estate, Estate, Business & Trade, Corporate, Credit & Debt

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316 Osuna Rd Ne, Albuquerque, NM 87107

800-814-6700

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LEGAL TERMS

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.'

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

FDCPA

See Fair Debt Collections & Practices Act.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

CREDIT FILE

See credit report.

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.

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Albuquerque Bankruptcy & Debt Lawyer, New Mexico, page 3

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Shay E. Meagle

Kevin J. Hanratty

Christopher L. Trammell

Dean George Constantine

Gerald R. Velarde

Michael Edward Lash

Susan K. Tomita

Stephen P. Curtis

Margaret E. Montoya

Robert J. Muehlenweg

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LEGAL TERMS

GUARANTEED RESERVATION

PRIORITY DEBT

LOSS DAMAGE WAIVER (LDW)

REDEMPTION

DISPOSABLE INCOME

FDCPA

SUBROGATION

CREDIT FILE

GARNISHMENT

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