Farmington Reorganization Lawyer, New Mexico, page 2

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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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Therese E. Yanan

Social Security, Public Schools, Indians & Native Populations, Administrative Law

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3535 E. 30Th Street, Farmington, NM 87402

John T. Beckstead

Corporate, Personal Injury, Family Law, Estate Planning, Real Estate

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1390 E 20Th St, Farmington, NM 87401

Gary E. Risley

Litigation, Wills, Business & Trade, Credit & Debt

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4000 E 30Th St, Farmington, NM 87402

John Kevin Kiser

General Practice

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709 N. Butler Avenue, Farmington, NM 87401

H. Steven Murphy

Lawsuit & Dispute, Criminal, Mass Torts

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2021 East 20th Street, Farmington, NM 87401

Victor A Titus

Traffic, Mass Torts, Transportation & Shipping, Employment, Juvenile Law

Status: Licensed: 30 Years

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2021 E 20th St, Farmington, NM 87401

Alexis Marie Delacruz

Constitutional Law, Gaming & Alcohol, Civil Rights, Children's Rights, Constitutional Law

Status: Licensed: 11 Years

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905 W Apache St, Farmington, NM 87401

Alexis Marie De La Cruz

Civil Rights, Juvenile Law, Indians & Native Populations, Disability

Status: Licensed: 35 Years

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905 W Apache St, Farmington, NM 87401

B. Paul Briones

Commercial Real Estate, Wills, Corporate, Personal Injury

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407 N Auburn Ave, Farmington, NM 87401

Jackie L. Fortner

Criminal, Accident & Injury, Lawsuit & Dispute, Bankruptcy & Debt, Mass Torts

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4000 E. 30th Farmington, Farmington, NM 87402

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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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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Farmington Reorganization Lawyer, New Mexico, page 2

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Therese E. Yanan

John T. Beckstead

Gary E. Risley

John Kevin Kiser

H. Steven Murphy

Victor A Titus

Alexis Marie Delacruz

Alexis Marie De La Cruz

B. Paul Briones

Jackie L. Fortner

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LEGAL TERMS

FRAUDULENT TRANSFER

GUARANTEED RESERVATION

ADMINISTRATIVE EXPENSES

MEANS TEST

DOING BUSINESS AS (DBA)

CHAPTER 13 BANKRUPTCY

SUBROGATION

CURRENT MONTHLY INCOME

CREDIT INSURANCE

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