Cherry Hill Bankruptcy & Debt Lawyer, New Jersey, page 5

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Mark Cherry
About | Practice Areas
Mark Cherry Law
385 Kings Highway North Suite 101 Cherry Hill, NJ 08034Â» view map
Bankruptcy & Debt
Where Every Client Matters

We want our clients to be confident and secure knowing we are a law firm ready to take on the fight and challenge with them.

800-824-6431
1. Mark Cherry Cherry Hill, NJ
  Attorney at Law - NJ, 1986
  Widener University J.D. 1986
2. AboutMark Cherry Law
  I will work with you whichever direction you choose to go.
3. Practice AreasSpecializations
  Bankruptcy & Debt
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Brian W. Donnelly

Collection, Estate Planning, Business, Wills & Probate

Status:

CONTACT

457 Haddonfield Road, Cherry Hill, NJ 08002

Brian Thomas Flynn

Elder Law, International Tax, Civil Rights, Bankruptcy

Status: Licensed: 29 Years

CONTACT

225 Sharrowvale Rd, Cherry Hill, NJ 08034

Cailin Heilig

Status: Licensed: 14 Years

CONTACT

1701 Route 70 East, Cherry Hill, NJ 08034

Carl J Mckeegan

Mediation, Estate Planning, Transactions, Bankruptcy, Litigation

Status: Licensed: 56 Years

CONTACT

360 Haddon Ave, Collingswood, NJ 08108

Carol Ann Slocum

Litigation, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

10000 Lincoln Drive East, Marlton, NJ 08053

Carolyn Marie Singleton

Government, Child Support, Credit & Debt, Bankruptcy & Debt

Status:

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Merchantville, NJ 08109

Carrie J Boyle

Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

1940 Route 70 East, Cherry Hill, NJ 08003

Chandni H Patel

Workers' Compensation, DUI-DWI, Bankruptcy, Personal Injury

Status: Licensed: 9 Years

CONTACT

302 Harper Dr, Moorestown, NJ 08057

Chandra Marie Arkema

Real Estate, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 18 Years

CONTACT

9000 Midlantic Dr, Mount Laurel, NJ 08054

Charles Crudele

Employment Contracts, Bankruptcy

Status: Licensed: 26 Years

CONTACT

903 Dover Street, Cherry Hill, NJ 08002

800-923-0641

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LEGAL TERMS

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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Cherry Hill Bankruptcy & Debt Lawyer, New Jersey, page 5

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Brian W. Donnelly

Brian Thomas Flynn

Cailin Heilig

Carl J Mckeegan

Carol Ann Slocum

Carolyn Marie Singleton

Carrie J Boyle

Chandni H Patel

Chandra Marie Arkema

Charles Crudele

TIPS

LEGAL TERMS

CREDIT BUREAU

DISCHARGE (OF DEBTS)

LIMITED PARTNERSHIP

MEANS TEST

PREFERENCE

C CORPORATION

CHAPTER 13 PLAN

SETOFF

FAIR CREDIT REPORTING ACT (FCRA)

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