Jackson Heights Bankruptcy & Debt Lawyer, New York

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Gehi & Associates

✓ VERIFIED

Immigration, Asylum, Deportation, Divorce, Bankruptcy

An Internationally Renowned Law Firm Based in New York. We handle immigration cases in the United States and all over the world.

FREE CONSULTATION

CONTACT

718-263-5999

74-09, 37th Avenue, Suite 205,, Jackson Heights, NY 11372

Vivian Mortimer Williams

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Landlord-Tenant, Immigration, Criminal, Bankruptcy, Personal Injury

VMW LAW is a general service law firm in New York City which was founded in 2004. With a broad array of legal services, the firm is dynamic and very p... (more)

CONTACT

212-561-5312

733 3Rd Ave, New York, NY 10017

David Schachter

Business Organization, Collection, Banking & Finance, Bad Faith Insurance

Status: In Good Standing

FREE CONSULTATION

CONTACT

7409 37th Avenue, Jackson Heights, NY 11372

Heather Lynn Gregg

Bankruptcy, Commercial Real Estate, Condominiums, Contract

Status: In Good Standing

FREE CONSULTATION

CONTACT

108-18 Queens Boulevard, Forest Hills, NY 11375

Michael S. Hiller

Arbitration, Corporate, Business Organization, Bankruptcy Litigation

Status: In Good Standing

CONTACT

600 Madison Avenue, New York, NY 10022

Warren R. Graham

Banking & Finance, Bankruptcy, Corporate, Reorganization

Status: In Good Standing

FREE CONSULTATION

CONTACT

292 Madison Avenue, New York, NY 10017

Jerry C. Feuerstein

Antitrust, Bankruptcy, Corporate, Business Organization

Status: In Good Standing

CONTACT

360 Lexington Avenue, New York, NY 10017

Jennifer A. Schwartz

Estate Planning, Family Law, Corporate, Bankruptcy

Status: In Good Standing

CONTACT

360 Lexington Avenue, New York, NY 10017

Talaiya Ahmed

Alimony & Spousal Support, Corporate, Collection, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

415 Madison Avenue, New York, NY 10017

William A. Tauber

Bankruptcy, Business Organization, Contract, Criminal

Status: In Good Standing

FREE CONSULTATION

CONTACT

1967 Turnbull Avenue, Bronx, NY 10473

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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Jackson Heights Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gehi & Associates

Vivian Mortimer Williams

David Schachter

Heather Lynn Gregg

Michael S. Hiller

Warren R. Graham

Jerry C. Feuerstein

Jennifer A. Schwartz

Talaiya Ahmed

William A. Tauber

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LEGAL TERMS

401(K) PLAN

FAIR LABOR STANDARDS ACT (FLSA)

FRAUDULENT TRANSFER

BULK SALES LAW

LOSS DAMAGE WAIVER (LDW)

CURRENT MONTHLY INCOME

REAFFIRMATION

LIMITED PARTNERSHIP

WORKOUT

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