Albuquerque Bankruptcy & Debt Lawyer, New Mexico, page 4

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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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Anthony Spratley

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

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CONTACT

1001 5Th St Nw, Albuquerque, NM 87102

Anthony J Ayala

Federal, Criminal, Bankruptcy, Personal Injury

Status: Licensed: 46 Years

CONTACT

601 Parkside Pl Se, Albuquerque, NM 87123

Arin Elizabeth Berkson

Credit & Debt, Bankruptcy, Consumer Bankruptcy

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3800 Osuna Rd Ne, Albuquerque, NM 87109

Arun Arjan Melwani

Credit & Debt, Consumer Bankruptcy, Bankruptcy, Personal Injury

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10749 Prospect Ave Ne, Albuquerque, NM 87112

Aryn Seiler

Corporate, Landlord-Tenant, Credit & Debt, Bankruptcy

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CONTACT

1801 Rio Grande Blvd Nw, Albuquerque, NM 87104

Ashley Kendrick

Bankruptcy, Federal, Immigration, Intellectual Property

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CONTACT

500 Marquette Ave Nw, Albuquerque, NM 87102

B.W. Stone

Criminal, Tax, Credit & Debt, DUI-DWI

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CONTACT

500 Marquette Ave NW, Albuquerque, NM 87102

Barbara J. Merryman

Products Liability, State Government, Federal, Credit & Debt, Personal Injury

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2400 Broadway Blvd Se, Albuquerque, NM 87102

Becky A. Torres

Administrative Law, Collection, Civil Rights, Estate Planning

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333 Rio Rancho Drive, Rio Rancho, NM 87174

Ben Davis

Insurance, Credit & Debt, Personal Injury, Labor Law

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CONTACT

127 Bryn Mawr Dr SE, Albuquerque, NM 87106

800-923-0641

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LEGAL TERMS

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.

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

FCBA

See Fair Credit Billing Act.

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.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

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Albuquerque Bankruptcy & Debt Lawyer, New Mexico, page 4

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Anthony Spratley

Anthony J Ayala

Arin Elizabeth Berkson

Arun Arjan Melwani

Aryn Seiler

Ashley Kendrick

B.W. Stone

Barbara J. Merryman

Becky A. Torres

Ben Davis

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LEGAL TERMS

FRAUDULENT TRANSFER

PRESUMED ABUSE

MEANS TEST

CREDIT INSURANCE

IRS EXPENSES

FRATERNAL BENEFIT SOCIETY BENEFITS

FCBA

NONEXEMPT PROPERTY

CYBERSQUATTING

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