Taos Reorganization 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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Not enough matches for Taos Reorganization lawyer.
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Ariel Raab

Lawsuit & Dispute, Criminal, Business

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Taos, NM 87571

Howard Raab

Family Law, Mediation, Arbitration, Dispute Resolution

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Taos, NM 87571

Sue B. Mcdowell

Estate, Real Estate, Wills & Probate

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Taos, NM 87571

Kathryn Hardy

Federal, Employee Rights, Criminal, Civil Rights

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224 Cruz Alta Rd, Taos, NM 87571

Julia Lacy Armstrong

Commercial Real Estate, Litigation, State Appellate Practice, Business & Trade, Constitutional Law

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218 Beimer St, Taos, NM 87571

Roy L. Armstrong

Commercial Real Estate, Litigation, Gift Taxation, Administrative Law

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218 Beimer St, Taos, NM 87571

Erik Schlenker-Goodrich

Transportation & Shipping, Natural Resources, Environmental Law Other, Public Law

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208 Paseo Del Pueblo Sur, Taos, NM 87571

Bernestine Singley

General Practice

Status: Licensed: 40 Years

CONTACT

Taos, NM 87571

Kelan Emery

Commercial Real Estate, Corporate, Family Law, Estate Planning

Status:

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309 Salazar Rd, Taos, NM 87571

Barbara Breneman Toth

General Practice

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224 Cruz Alta Rd, Taos, NM 87571

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LEGAL TERMS

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

FCRA

See Fair Credit Reporting Act.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

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.

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Taos Reorganization Lawyer, New Mexico

Sponsored Law Firm

Litty Law Group, P.C.

SPONSORED LAWYERS

Ariel Raab

Howard Raab

Sue B. Mcdowell

Kathryn Hardy

Julia Lacy Armstrong

Roy L. Armstrong

Erik Schlenker-Goodrich

Bernestine Singley

Kelan Emery

Barbara Breneman Toth

TIPS

LEGAL TERMS

PREFERENCE

UNSECURED DEBT

PRIORITY DEBT

FCRA

CURRENT MONTHLY INCOME

TRADE DRESS

C CORPORATION

CHAPTER 7 BANKRUPTCY

LIMITED PARTNERSHIP

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