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Chauncey Henry
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Henry Law
825 E Gate Blvd Suite 106 Garden City, NY 11530» view map
Employment, Bankruptcy, Criminal, FMLA, Civil
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800-974-2431
1. Chauncey Henry Garden City, NY
  Attorney at Law- NY
  Southern University Law Center, J.D. 2011
2. AboutHenry Law
  The Difference.
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Jamie B. Chapman

Foreclosure, Real Estate, Transactions, Bankruptcy

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270 Madison Avenue, New York, NY 10016

Patricia L. Martin-Gibbons

Adoption, Affirmative Action, Alimony & Spousal Support, Bankruptcy

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The Woolworth Building, 233 Broadway, New York, NY 10279

Michael J. Semack

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

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40 Wall Street, New York, NY 10005

Zhijun Liu

Administrative Law, Asylum, Bankruptcy, Business Organization

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225 Broadway, New York, NY 10007

Glenn R. Meyers

Real Estate, Bankruptcy, Personal Injury, Medical Malpractice

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1123 Broadway, New York, NY 10001

David Ian Pankin

Workout, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

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48 Willoughby St, MetroTech, Brooklyn, NY 11201

Samit G Patel

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

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44 Wall Street, New York, NY 10005

Robert R. Leinwand

Bankruptcy, Bankruptcy & Debt

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1345 Avenue of the Americas, New York, NY 10105

Gina Hatami

Construction, Criminal, Corporate, Bankruptcy

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11 Park Place, New York, NY 10007

Thomas Bernard Grunfeld

Collection, Commercial Bankruptcy, Construction Liens, Consumer Protection

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1285 Ave. Of The Americas, New York, NY 10007

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Long Island City Bankruptcy Lawyer, New York, page 2

Sponsored Law Firm

Henry Law

SPONSORED LAWYERS

Jamie B. Chapman

Patricia L. Martin-Gibbons

Michael J. Semack

Zhijun Liu

Glenn R. Meyers

David Ian Pankin

Samit G Patel

Robert R. Leinwand

Gina Hatami

Thomas Bernard Grunfeld

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

SECURED DEBT

FORBEARANCE

S CORPORATION

ACCORD AND SATISFACTION

NONEXEMPT PROPERTY

BANKRUPTCY TRUSTEE

MEANS TEST

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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