Rocky Hill Bankruptcy & Debt Lawyer, Connecticut

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Lee Johnson
Our Vision | Contact Us
Johnson Law
350 Silas Deane Highway Suite 301 Wethersfield, CT 06109 » view map
Real Estate, Bankruptcy
Service. Trust. Confidence.

This Law office was built on individual service to each client, one at a time. For over 35 years we have engaged in the General Practice of Law in the State of Connecticut.

800-583-7030
1. Lee Johnson Wethersfield, CT
  Attorney At Law - CT, 1981
  WNE Law J.D 1981
2. Our Vision
  Service-Trust-Confidence-- that you can depend on.
3. Contact UsEmail or Call 24/7
  Call today for your initial consultation
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Joshua R.I. Cohen

Consumer Protection, Credit & Debt

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FREE CONSULTATION

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1224 Mill Street, Building B, East Berlin, CT 06023

Thomas J. Farrell

Mass Torts, Litigation, Credit & Debt, Bankruptcy

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274 Silas Deane Highway, Wethersfield, CT 06109

Edward S. Noble

Lawsuit & Dispute, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 18 Years

FREE CONSULTATION

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2301 Silas Deane Highway, Rocky Hill, CT 06067

Christopher Hugh Thogmartin

Bankruptcy & Debt, Contract, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 20 Years

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1880 Silas Deane Highway, Rocky Hill, CT 06067

Shari Ann Madho

Residential Real Estate, Land Use & Zoning, Estate, Family Law, Bankruptcy

Status: Licensed: 13 Years

CONTACT

175 Capital Blvd., Rocky Hill, CT 06067

Jeffrey M. Sklarz

Litigation, Gift Taxation, Employment, Bankruptcy

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701 Hebron Avenue, Glastonbury, CT 06033

Timothy Owen Naughton

Banking & Finance, Commercial Bankruptcy, Administrative Law

Status: Licensed: 39 Years

CONTACT

21 Hubbard Dr, Glastonbury, CT 06033

800-814-6700

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LEGAL TERMS

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

FCBA

See Fair Credit Billing Act.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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Rocky Hill Bankruptcy & Debt Lawyer, Connecticut

Sponsored Law Firm

Johnson Law

SPONSORED LAWYERS

Joshua R.I. Cohen

Thomas J. Farrell

Edward S. Noble

Christopher Hugh Thogmartin

Shari Ann Madho

Jeffrey M. Sklarz

Timothy Owen Naughton

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LEGAL TERMS

C CORPORATION

S CORPORATION

WINDING UP

FCBA

DOING BUSINESS AS (DBA)

DISCHARGEABLE DEBTS

COLLATERAL

LIMITED LIABILITY

IRS EXPENSES

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