Ranchos De Taos Bankruptcy & Debt Lawyer, New Mexico

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Jon Litty
About | Practice Areas
Litty Law Group, P.C.
500 Marquette Ave NW Suite 1200 Albuquerque, NM 87102» view map
Bankruptcy & Debt and Immigration Law
Albuquerque’s Attorney

I’m Jon Litty and I’m here to serve you, Albuquerque! I will fight to get you what you rightfully deserve.

505-862-5061
1. Jon Litty Albuquerque, NM
  Attorney at Law- NM
  Thomas Jefferson School of Law, J.D. 2015
2. AboutLitty Law Group, P.C.
  Albuquerque’s Attorney
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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Wayne D. Davidson

Personal Injury, Consumer Bankruptcy, Insurance, Arbitration, Litigation

Status: Licensed: 38 Years

CONTACT

343 Sierra Vista Ln, Taos, NM 87571

Rose Rushing

Bankruptcy, Antitrust, Civil Rights, Family Law, Environmental Law

Status:

CONTACT

208 Paseo Del Pueblo Sur, Taos, NM 87571

Gary M. Feuerman

Corporate, Landlord-Tenant, Credit & Debt, Bankruptcy

Status:

CONTACT

1405 Paseo Del Pueblo Norte, El Prado, NM 87529

Bernard John Frimond

Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

121 Candelario St, Santa Fe, NM 87501

Kevin William Muxlow

Construction, DUI-DWI, Bankruptcy, Personal Injury

Status: Licensed: 22 Years

CONTACT

17 Feather Rd, Santa Fe, NM 87506

Lewis J. Terr

Divorce & Family Law, Family Law, Collection

Status:

CONTACT

Santa Fe, NM 87504

Mekko Mangas Miller

Corporate, Bankruptcy, Natural Resources, Elder Law

Status:

CONTACT

2 Tunyo Po, Santa Fe, NM 87506

Amy L. Propps

Bankruptcy, Credit & Debt, Consumer Bankruptcy, Family Law

Status:

CONTACT

Santa Fe, NM 87594

Timothy S. Crisp

Bankruptcy & Debt, Business, Industry Specialties, Real Estate

Status: Licensed: 35 Years

CONTACT

Santa Fe, NM 87504

Pamela Judith Crane

Credit & Debt, Contract, Federal Appellate Practice, Entertainment, Science, Technology & Internet

Status:

CONTACT

Santa Fe, NM 87592

800-814-6700

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LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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Ranchos De Taos Bankruptcy & Debt Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Wayne D. Davidson

Rose Rushing

Gary M. Feuerman

Bernard John Frimond

Kevin William Muxlow

Lewis J. Terr

Mekko Mangas Miller

Amy L. Propps

Timothy S. Crisp

Pamela Judith Crane

TIPS

LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

LIABILITY

PRIORITY DEBT

REAFFIRMATION

PREFERENCE

FAIR LABOR STANDARDS ACT (FLSA)

LIMITED PARTNERSHIP

CREDIT INSURANCE

WORKOUT

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