Portland Credit & Debt Lawyer, Maine

Sponsored Law Firm

x
Click For More Info:

E. Chris L'Hommedieu
About | Practice Areas
L'Hommedieu Law Office, P.A.
190 Bates Street Lewiston, ME 04240» view map
Bankruptcy & Debt
More Than Just A Law Firm

L'Hommedieu Law Office, P.A. has been providing the best in legal representation in Bankruptcy, Personal Injury, Disability and Family law since 1997.

800-941-5060
1. E. Chris L'Hommedieu Lewiston, ME
  Attorney at Law - ME, 1996
  University of Maine J.D. 1995
2. AboutL'Hommedieu Law Office, P.A.
  More Than Just A Law Firm
3. Practice AreasExpertise
  Bankruptcy & Debt
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

F. Bruce Sleeper

Litigation, Banking & Finance, Business, Credit & Debt

Status:

CONTACT

Portland, ME 04112

Bruce B. Hochman

Education, Business & Trade, Banking & Finance, Credit & Debt

Status: Licensed: 43 Years

CONTACT

100 Middle Street, Portland, ME 04112

Nicholas Jon Morrill

Real Estate, Contract, Business, Credit & Debt

Status:

CONTACT

Ten Free Street, Portland, ME 04112

Carl R Trynor

Child Custody, Credit & Debt

Status: Licensed: 64 Years

CONTACT

623 Forest Ave, Portland, ME 04101

Patrick C. Lever

Corporate, Credit & Debt, Foreclosure, Bankruptcy

Status: Licensed: 13 Years

CONTACT

25 Spring Street, Scarborough, ME 04074

Benjamin P. Campo

Business & Trade, Credit & Debt, Commercial Bankruptcy, Bankruptcy

Status: Licensed: 23 Years

CONTACT

90 Bridge St, Westbrook, ME 04092

Edwin R. Daggett

Real Estate, International, Business, Credit & Debt

Status: Licensed: 40 Years

CONTACT

Portland, ME 04104

Matthew Hutchins

Administrative Law, Credit & Debt, Employee Rights, International Other

Status: Licensed: 43 Years

CONTACT

Scarborough, ME 04070

J. William Batten

Bankruptcy, Credit & Debt, Personal Injury, Social Security -- Disability

Status: Licensed: 52 Years

CONTACT

2 Stonebrook Road, Scarborough, ME 04074

Jennifer G. Hayden

Bankruptcy, Foreclosure, Credit & Debt

Status:

CONTACT

419 Alfred Street, Biddeford, ME 04005

800-814-6700

Free Help: Use This Form or Call 800-814-6700

Call me for fastest results!
800-814-6700

Free Help: Use This Form or Call 800-814-6700

By submitting this request, I authorize you to forward my information to multiple potential lawyers and I agree to your Terms of Use and Privacy Policy including the Consent to Receive Automated Phone Calls, Emails and Texts. Information you provide is not privileged or confidential.

LEGAL TERMS

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.

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.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Portland Credit & Debt Lawyer, Maine

Sponsored Law Firm

L'Hommedieu Law Office, P.A.

SPONSORED LAWYERS

F. Bruce Sleeper

Bruce B. Hochman

Nicholas Jon Morrill

Carl R Trynor

Patrick C. Lever

Benjamin P. Campo

Edwin R. Daggett

Matthew Hutchins

J. William Batten

Jennifer G. Hayden

TIPS

LEGAL TERMS

SECURED DEBT

MEANS TEST

S CORPORATION

ACCORD AND SATISFACTION

DISCHARGE (OF DEBTS)

PRESUMED ABUSE

PRIORITY DEBT

FRAUDULENT TRANSFER

PREFERENCE

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS