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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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Charles A. Armgardt

Construction, Insurance, Reorganization, Employee Rights

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Albuquerque, NM 87103

Scott E. Turner

Real Estate Other, Construction, Real Estate, Corporate, Bankruptcy

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500 Marquette Ave NW, Albuquerque, NM 87102

Stephanie L. Schaeffer

Corporate, Credit & Debt, Bankruptcy, Business & Trade

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201 3Rd St Nw, Albuquerque, NM 87102

James C. Jacobsen

Credit & Debt, Bankruptcy, Consumer Bankruptcy

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201 3Rd St Nw, Albuquerque, NM 87102

Steven E. Sessions

Lawsuit, Employment, Family Law, Bankruptcy & Debt

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122 10Th St Nw, Albuquerque, NM 87102

M. Dylan O'Reilly

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

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500 Marquette Avenue, N.W., Albuquerque, NM 87125

Cid Dagward Lopez

Mass Torts, Health Care Other, Consumer Bankruptcy, Personal Injury

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500 Tijeras Ave Nw, Albuquerque, NM 87102

R. Ruben Gallegos

Collection, Tribal Jurisdiction, DUI-DWI, Credit & Debt

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116 14th Street SW, Albuquerque, NM 87102

David N. Hernandez

Bankruptcy & Debt, Corporate, Credit & Debt, Commercial Real Estate, Wills

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1401 Central Avenue Nw, Albuquerque, NM 87104

Kerry J. Morris

Adoption, Alimony & Spousal Support, Bad Faith Insurance, Bankruptcy, Corporate

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901 Lomas Blvd Nw, Albuquerque, NM 87102

800-814-6700

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LEGAL TERMS

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.

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.

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.

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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Belen Bankruptcy & Debt Lawyer, New Mexico, page 5

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Charles A. Armgardt

Scott E. Turner

Stephanie L. Schaeffer

James C. Jacobsen

Steven E. Sessions

M. Dylan O'Reilly

Cid Dagward Lopez

R. Ruben Gallegos

David N. Hernandez

Kerry J. Morris

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

DISPOSABLE INCOME

FRAUDULENT TRANSFER

GARNISHMENT

NO-FAULT INSURANCE

NONDISCHARGEABLE DEBTS

PRESUMED ABUSE

LIQUIDATING PARTNER

ACCORD AND SATISFACTION

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