Palm Desert Bankruptcy & Debt Lawyer, California, page 3

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Ethan Chin
About | Practice Areas
Ethan Chin Law
2400 East Katella Ave. Suite 800 Anaheim, CA 92806» view map
Bankruptcy & Debt
Passion. Dedication. Care.

We strive our best to provide efficient legal services at low cost so that families can worry less and take their first steps finding a solution to their issues.

800-908-6270
1. Ethan Chin Anaheim, CA
  Attorney at Law - CA, 2011
  University of San Diego J.D. 2011
2. AboutEthan Chin Law
  Advocating For Families
3. Practice AreasExpertise
  Bankruptcy & Debt
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Susan D Stevens

Commercial Bankruptcy, Commercial Real Estate, Real Estate

Status: Licensed: 75 Years

CONTACT

76262 Impatiens Cir, Indian Wells, CA 92211

Andrew John Kopko

Corporate, Bankruptcy

Status: Licensed: 60 Years

CONTACT

76975 Roadrunner Drive, Indian Wells, CA 92210

Kenneth Lee Goldman

Employee Rights, DUI-DWI, Credit & Debt, Defamation & Slander

Status: Licensed: 54 Years

CONTACT

77075 Desi Dr, Indian Wells, CA 92210

Stanley Hassan

Real Estate, Motor Vehicle, Health Care Other, Collection, Medical Malpractice

Status: Licensed: 46 Years

CONTACT

40108 Baltusrol Cir, Indian Wells, CA 92211

Donald Charles Mckay

Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

77564 Country Club Dr, Indian Wells, CA 92211

Norman Lewis Hanover

Bankruptcy & Debt

Status: Licensed: 64 Years

CONTACT

35440 Moorbrook Rd, Indian Wells, CA 92211

Leonard Jack Cravens

Landlord-Tenant, Traffic, Criminal, Bankruptcy

Status:

CONTACT

45902 Oasis St., Indio, CA 92202

David Aaron Wiesen

Gift Taxation, Estate, Criminal, Bankruptcy & Debt

Status:

CONTACT

81955 Us Highway 111, Indio, CA 92201

James Silva

Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

82500 Us Highway 111, Indio, CA 92201

Dawn Delight Cowles

Family Law, Divorce & Family Law, Bankruptcy

Status: Licensed: 34 Years

CONTACT

873770 Durango Lane, Indio, CA 92203

800-814-6700

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LEGAL TERMS

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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Palm Desert Bankruptcy & Debt Lawyer, California, page 3

Sponsored Law Firm

Ethan Chin Law

SPONSORED LAWYERS

Susan D Stevens

Andrew John Kopko

Kenneth Lee Goldman

Stanley Hassan

Donald Charles Mckay

Norman Lewis Hanover

Leonard Jack Cravens

David Aaron Wiesen

James Silva

Dawn Delight Cowles

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LEGAL TERMS

S CORPORATION

COLLECTION AGENCY

FAIR CREDIT BILLING ACT (FCBA)

REDEMPTION

TRADE NAME

COLLATERAL

DISCHARGEABLE DEBTS

SOLE PROPRIETORSHIP

LIEN

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