Beachwood Bankruptcy & Debt Lawyer, Ohio

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Kathleen Donnelly
About Us | Contact Us
Law Office of Kathleen Donnelly
526 Superior Ave #1030 Cleveland, OH 44114Â» view map
Chapter 7, Chapter 13, Free Evaluations
Need Debt Relief? Contact Me Today

There is hope for debt relief. At the Cleveland, Ohio, law office of Kathleen Donnelly, we help people like you to escape from under mountains of debt.

800-413-4100
1. Kathleen Donnelly Cleveland, Ohio
  Attorney at Law-OH,1988
  Cleveland State University, J.D. 1988
2. About UsKathleen Donnelly
  Find out what makes us one of the top law firms in the country for bankruptcy.
3. Contact UsCall or Email Right Now
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Edmund G. Kauntz

Tax, Immigration, Contract, Business Organization, Bankruptcy

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CONTACT

3333 Richmond Road, Beachwood, OH 44122

Paul J. Singerman

Real Estate, Corporate, Banking & Finance, Bankruptcy

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CONTACT

3333 Richmond Road, Beachwood, OH 44122

Debora S. Lasch

Litigation, Patent, Immigration, Bankruptcy

Status:

CONTACT

3333 Richmond Road, Beachwood, OH 44122

David F. Aggers

Admiralty & Maritime, Antitrust, Motor Vehicle, Bankruptcy

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CONTACT

Executive Commons East, 29525 Chagrin Boulevard, Beachwood, OH 44122

David M. Benson

Litigation, Consumer Protection, Business, Bankruptcy

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FREE CONSULTATION

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Commerce Park Building IV, 23240 Chagrin Blvd., Beachwood, OH 44122

Laverne Nichols Boyd

Estate, Accident & Injury, Collection, Car Accident, Workers' Compensation

Status: Licensed: 45 Years

CONTACT

20600 Chagrin Boulevard, Beachwood, OH 44122

Michael S. Owendoff

Real Estate, Litigation, Securities, Commercial Bankruptcy

Status: Licensed: 30 Years

CONTACT

3300 Enterprise Pkwy, Beachwood, OH 44122

Marvin Sicherman

Landlord-Tenant, Electronic Commerce, Business, Bankruptcy, Corporate

Status: Licensed: 66 Years

CONTACT

25805 Fairmont Blvd, Beachwood, OH 44122

Alan Craig Hochheiser

General Practice

Status:

CONTACT

23611 Chagrin Blvd, Beachwood, OH 44122

Craig Warren Relman

Banking & Finance, Commercial Bankruptcy, Estate Planning, Commercial Real Estate, Credit & Debt

Status: Licensed: 35 Years

CONTACT

23811 Chagrin Blvd, Beachwood, OH 44122

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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.

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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Beachwood Bankruptcy & Debt Lawyer, Ohio

Sponsored Law Firm

Law Office of Kathleen Donnelly

SPONSORED LAWYERS

Edmund G. Kauntz

Paul J. Singerman

Debora S. Lasch

David F. Aggers

David M. Benson

Laverne Nichols Boyd

Michael S. Owendoff

Marvin Sicherman

Alan Craig Hochheiser

Craig Warren Relman

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

CREDIT BUREAU

NO-FAULT INSURANCE

FRATERNAL BENEFIT SOCIETY BENEFITS

WINDING UP

LIMITED LIABILITY

PRESUMED ABUSE

DEBT COLLECTOR

S CORPORATION

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