A complete list of the legal terms and definitions every attorney, paralegal, and law student needs to know.
Equity is the value of a debtor’s interest in property minus any liens or other creditors’ interests. For example, if the debtor’s house is valued at $200,000 but he owes $150,000 on a mortgage, his equity is $50,000.
PracticePanther is the best law practice management software out there. If you’re not happy in your first 30 days, we’ll refund you. No questions asked!