Allenton Collection Lawyer, Michigan, page 3

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Tracey Lynn Porter

Business & Trade, Collection, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  18 Years

Paul T. Walton

Litigation, Lawsuit & Dispute, Criminal, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  33 Years

Steven A. Harms

Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Emily Michelle Honet

Collection, Contract, Litigation, Medical Products & Devices
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  3 Years

Neil M. Colman

Child Custody, Divorce & Family Law, DUI-DWI, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Robert Louis Gensler

Real Estate, Estate, Corporate, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  23 Years

Fred L. Gibson

Traffic, Employee Rights, Civil Rights, Collection, Defamation & Slander
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Thomas J. Ciaramitaro

Estate Planning, Family Law, Criminal, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  54 Years

Omar Mahmoud Badr

Medical Products & Devices, Trusts, Credit & Debt, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  17 Years

Paul B. Gigliotti

Litigation, Social Security, Government, Collection, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  33 Years

Free Help: Use This Form or Call 800-814-6700

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800-943-8690

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Easily find Allenton Collection Lawyers and Allenton Collection Law Firms. For more attorneys, search all Bankruptcy & Debt areas including Bankruptcy, Credit & Debt, Reorganization and Workout attorneys.

LEGAL TERMS

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)
An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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.

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