Cumberland Foreside Bankruptcy & Debt Lawyer, Maine, page 2


Benjamin P. Campo

Business & Trade, Credit & Debt, Commercial Bankruptcy, Bankruptcy
Status:  In Good Standing           Licensed:  19 Years

Bodie Brier Colwell

Lawsuit & Dispute, Government, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  10 Years

Brendan P. Rielly

Mediation, Litigation, Environmental Law Other, Commercial Bankruptcy
Status:  In Good Standing           

Brian J. Hansen

Child Custody, Criminal, Civil & Human Rights, Bankruptcy, Estate
Status:  In Good Standing           Licensed:  15 Years
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Bruce B. Hochman

Education, Business & Trade, Banking & Finance, Credit & Debt
Status:  In Good Standing           Licensed:  39 Years

Carl R Trynor

Child Custody, Credit & Debt
Status:  In Good Standing           Licensed:  60 Years

Christopher C. Dinan

Complex Litigation, Litigation, Insurance, Business, Collection
Status:  In Good Standing           

Collette C. Cushing

Education, Income Tax, Real Estate, Motor Vehicle, Credit & Debt
Status:  In Good Standing           Licensed:  15 Years

Daniel J. Murphy

Complex Litigation, Contract, Arbitration, Collection, Contract
Status:  In Good Standing           Licensed:  18 Years

Daniel L. Cummings

Real Estate, Litigation, Corporate, Bankruptcy
Status:  In Good Standing           Licensed:  32 Years

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Free Help: Use This Form or Call 800-943-8690

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)
An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

TRADE NAME

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

FCRA

See Fair Credit Reporting Act.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)
An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)
Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.