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Ronald Lasko
About | Practice Areas
R. Lasko Co. LPA, LLC
1406 W 6th St STE 200, Cleveland, OH 44113» view map
Business, Estate, Real Estate, Employment
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216-574-2602
1. Ronald Lasko Cleveland, OH
  Attorney at Law, OH
  Cleveland-Marshall College of Law, J.D. 1976
2. AboutR. Lasko Co. LPA, LLC
  Competent Legal Representation
3. Practice AreasExpertise
  Business Law
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Luther J Mills

Bankruptcy, Criminal, Personal Injury

Status: In Good Standing

FREE CONSULTATION

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61 North Sandusky St, Delaware, OH 43015

C. Michael Piacentino

Administrative Law, Adoption, Dispute Resolution, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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198 East Center Street, Marion, OH 43302

Tom Curtis Elkin

Corporate, Collection, Family Law, Federal Appellate Practice

Status: In Good Standing Licensed: 41 Years

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19 E High St, Mount Gilead, OH 43338

Andrew Paul Wecker

Real Estate, Electronic Commerce, Corporate, Commercial Bankruptcy

Status: In Good Standing

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50 N Sandusky St, Delaware, OH 43015

Linda J. Lawrence

Real Estate, Family Law, Corporate, Bankruptcy

Status: In Good Standing

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24 West William St, Delaware, OH 43015

James Jeffrey Jackson

Real Estate, Estate Planning, Estate, Bankruptcy

Status: In Good Standing

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103 N Union St, Delaware, OH 43015

Linda Juergens Lawrence

Real Estate, Family Law, Corporate, Bankruptcy

Status: In Good Standing

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24 West William St, Delaware, OH 43015

Kenneth Joseph Molnar

Government, Family Law, Divorce & Family Law, Corporate, Bankruptcy

Status: In Good Standing

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21 Middle St, Galena, OH 43021

Christopher Drake Betts

Tax, Government, Administrative Law, Collection

Status: In Good Standing Licensed: 28 Years

CONTACT

140 N Sandusky St, Delaware, OH 43015

Linda Louise Kendrick

Litigation, Family Law, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

79 N Sandusky St, Delaware, OH 43015

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

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.

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.

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.

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Fulton Bankruptcy & Debt Lawyer, Ohio

Sponsored Law Firm

R. Lasko Co. LPA, LLC

SPONSORED LAWYERS

Luther J Mills

C. Michael Piacentino

Tom Curtis Elkin

Andrew Paul Wecker

Linda J. Lawrence

James Jeffrey Jackson

Linda Juergens Lawrence

Kenneth Joseph Molnar

Christopher Drake Betts

Linda Louise Kendrick

TIPS

LEGAL TERMS

LIABILITY

CHAPTER 13 PLAN

DISCHARGEABLE DEBTS

COLLATERAL

WINDING UP

FRAUDULENT TRANSFER

ADMINISTRATIVE EXPENSES

C CORPORATION

LIMITED PARTNERSHIP

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