Gaithersburg Bankruptcy Lawyer, Maryland, page 2

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Stephen Cromwell
About | Practice Areas
Cromwell & Associates, LLC
7305 Baltimore Ave Suite 307 College Park, MD 20740» view map
Estate, Tax, and Real Estate Law
Where Every Client Matters

At Cromwell & Associates, our firm is large enough to handle your diverse needs, but small enough to give you the personal attention you deserve.

240-667-7234
1. Stephen Cromwell College Park, MD
  Attorney at Law, MD
  University of Maryland School of Law, J.D. 2019
2. AboutCromwell & Associates, LLC
  Where Every Client Matters
3. Practice AreasExpertise
  Estate Law
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Terence B. Garvey

Consumer Bankruptcy, Bankruptcy & Debt, Medical Malpractice, Accident & Injury

Status:

CONTACT

839 Quince Orchard Blvd, Gaithersburg, MD 20878

Robert John Haeger

Litigation, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

11403 Seneca Forest Cir, Germantown, MD 20876

David Glenn Ross

Complex Litigation, Litigation, Dispute Resolution, Franchising, Commercial Bankruptcy

Status:

CONTACT

800 King Farm Blvd, Rockville, MD 20850

Alice Ann Pare-Johnson

Other, Divorce & Family Law, Juvenile Law, Consumer Bankruptcy

Status:

CONTACT

19737 Executive Park Cir, Germantown, MD 20874

Timothy John Sessing

Corporate, Trusts, Commercial Bankruptcy, Consumer Bankruptcy

Status: Licensed: 29 Years

CONTACT

12850 Middlebrook Rd, Germantown, MD 20874

Patrick M. Connelly

Administrative Law, Bankruptcy, Bankruptcy Litigation, Corporate

Status:

CONTACT

30 Courthouse Square, Rockville, MD 20850

Morton A. Faller

Estate Administration, Corporate, Bankruptcy Litigation, Bankruptcy

Status:

CONTACT

9025 Paddock Ln, Rockville, MD 20854

Jeffrey M Orenstein

Lawsuit & Dispute, Commercial Bankruptcy, Bankruptcy & Debt, Litigation

Status:

CONTACT

15245 Shady Grove Road, Rockville, MD 20850

David Jason Kaminow

Health Care Other, Wills & Probate, Commercial Bankruptcy, Products Liability

Status:

CONTACT

9200 Corporate Boulevard, Rockville, MD 20850

Eric L Stone

State Government, Administrative Law, Business, Consumer Bankruptcy

Status: Licensed: 48 Years

CONTACT

14524 Kings Grant St North, Gaithersburg, MD 20878

800-814-6700

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and 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.

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

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.

SAMPLE LEGAL CASES

ATTORNEY GRIEVANCE COM'N v. Byrd

... But under no circumstances can counsel simply violate the Rules as a litigation strategy. With regard to the bankruptcy complaint, Judge Rubin made the following pertinent findings of fact and conclusions of law: 23. ... The Bankruptcy Complaint. ...

Wellington v. Shakiba

... 5. That pursuant to said deed of trust and commercial balloon note, the defendants were obligated to repay said loan. . . . On December 9, 2005, Ms. Shakiba, through counsel, filed a "Notice of Filing of Case in Bankruptcy Court." It stated: ...

Ali v. CIT

... On June 11, 2001, appellant filed a chapter 11 petition in bankruptcy in the United States Bankruptcy Court for the District of Maryland. Appellee could not pursue its claim outside of the bankruptcy proceeding because of the automatic stay provision in 11 USC Â§ 362. ...

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Gaithersburg Bankruptcy Lawyer, Maryland, page 2

Sponsored Law Firm

Cromwell & Associates, LLC

SPONSORED LAWYERS

Terence B. Garvey

Robert John Haeger

David Glenn Ross

Alice Ann Pare-Johnson

Timothy John Sessing

Patrick M. Connelly

Morton A. Faller

Jeffrey M Orenstein

David Jason Kaminow

Eric L Stone

TIPS

LEGAL TERMS

FORBEARANCE

FRATERNAL BENEFIT SOCIETY BENEFITS

TOXIC TORT

NONDISCHARGEABLE DEBTS

FRAUDULENT TRANSFER

PREFERENCE

BULK SALES LAW

CHAPTER 13 PLAN

ADMINISTRATIVE EXPENSES

SAMPLE LEGAL CASES

ATTORNEY GRIEVANCE COM'N v. Byrd

Wellington v. Shakiba

Ali v. CIT

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