Potsdam 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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Not enough matches for Potsdam Bankruptcy & Debt lawyer.
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Nicole Kathleen Avallone

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

65 Main St, Potsdam, NY 13676

Jane Sarah Garland

General Practice

Status: Suspended Licensed: 28 Years

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9 Chestnut St, Potsdam, NY 13676

Verner Merritt Ingram

Family Law, Adoption, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 55 Years

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Potsdam, NY 13676

Margaret E S Thorp

General Practice

Status: Inactive

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7 Leroy St, Potsdam, NY 13676

Margaret Ellen Svoloda Thorp

General Practice

Status: Inactive

CONTACT

7 Leroy St, Potsdam, NY 13676

Ann Chase

General Practice

Status: In Good Standing Licensed: 17 Years

CONTACT

2 Park St, Potsdam, NY 13676

Matthew A. King

General Practice

Status: Suspended Licensed: 40 Years

CONTACT

21 Market St, Potsdam, NY 13676

David Burgess Acker

General Practice

Status: In Good Standing Licensed: 46 Years

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50 Leroy St, Potsdam, NY 13676

Patrick Cappello

Real Estate, Divorce & Family Law, Business, Accident & Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

76 Market St, Potsdam, NY 13676

Francis Peter Cappello

Real Estate, Estate, Business

Status: In Good Standing Licensed: 52 Years

CONTACT

76 Market St, Potsdam, NY 13676

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LEGAL TERMS

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.

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.

TRADE NAME

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

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

Potsdam Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Nicole Kathleen Avallone

Jane Sarah Garland

Verner Merritt Ingram

Margaret E S Thorp

Margaret Ellen Svoloda Thorp

Ann Chase

Matthew A. King

David Burgess Acker

Patrick Cappello

Francis Peter Cappello

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

C CORPORATION

CHAPTER 7 BANKRUPTCY

TRADE NAME

AUTOMATIC STAY

MEANS TEST

SUBROGATION

CURRENT MONTHLY INCOME

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