Fayetteville Credit & Debt Lawyer, Arkansas


Darrel E. Davis

Bankruptcy, Criminal, DUI-DWI, Car Accident
Status:  In Good Standing           

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Constance G. Clark

Wills & Probate, Workers' Compensation, Bankruptcy
Status:  In Good Standing           

Aaron Cash

Defense Contracts, Banking & Finance, Collection, Wrongful Death
Status:  In Good Standing           

Terri Dill Chadick

Litigation, Employee Rights, Non-profit, Bankruptcy & Debt
Status:  In Good Standing           
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Barry D. Baker

Adoption, Bankruptcy, Credit & Debt, Insurance
Status:  In Good Standing           

Barry D. Baker

Adoption, Bankruptcy, Credit & Debt, Insurance
Status:  In Good Standing           

Kimberly Morse Canova

Divorce & Family Law, Criminal, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  29 Years

Trey Robbins

Bankruptcy & Debt
Status:  In Good Standing           

Jason Neal Bramlett

Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  20 Years

Jill Rina Jacoway

Bankruptcy, Workout
Status:  In Good Standing           Licensed:  45 Years

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

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Call me for fastest results!
800-943-8690

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By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)
The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)
A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

FCBA

See Fair Credit Billing Act.

COLLATERAL

Property that guarantees payment of a secured debt.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)
A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)
A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

SAMPLE LEGAL CASES

Broggi-Dunn v. Dunn

... Mr. Dunn testified that the mortgage debt for the marital home was approximately $104,000, and the line-of-credit debt associated with the home was approximately $9,800. Mr. Dunn believed, however, that the property was worth less than $100,000. ...

Hawkins v. Hawkins

... Appellant, Kendrick D. Hawkins, argues on direct appeal that the circuit court erred in awarding appellee a portion of his military retirement benefits and that the court erred in dividing the credit-card debt between the parties. ...

McClure v. Schollmier-McClure

... On cross-appeal, Tracy contends that the trial court erred in finding that the parties' home was marital property and in requiring her to pay a portion of John's credit card debt. ... Finally, John testified that he had credit card debt of $53,000. ...