Star Lake Credit & Debt Lawyer, New York, page 6

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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
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George J. Villiere

General Practice

Status: Inactive Licensed: 52 Years

CONTACT

214 Gray Lake Road, Old Forge, NY 13420

Laurie Lynn Paro

General Practice

Status: In Good Standing Licensed: 33 Years

CONTACT

2 Nickerson St, Canton, NY 13617

Krista Ann Freego

General Practice

Status: Inactive Licensed: 17 Years

CONTACT

24 Goodrich St, Canton, NY 13617

Maureen C. Mcgaw

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 35 Years

CONTACT

51 Miner St, Canton, NY 13617

Anya A. Tendler

General Practice

Status: In Good Standing Licensed: 16 Years

CONTACT

Canton, NY 13617

Cathleen Ellen Ohoro

General Practice

Status: In Good Standing Licensed: 51 Years

CONTACT

117 Main St, Canton, NY 13617

Charles Bradley Nash

Real Estate, Government, Estate, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

113 Main St, Canton, NY 13617

Frederick Morton Fink

General Practice

Status: In Good Standing Licensed: 18 Years

CONTACT

12 Bonnieview Way, Long Lake, NY 12847

Christopher Robert Rediehs

General Practice

Status: In Good Standing Licensed: 25 Years

CONTACT

6 Judson St, Canton, NY 13617

Sarah Cornelia Lee

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

48 Court Street, Canton, NY 13617

800-923-0641

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CCCS

See Consumer Credit Counseling Service.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Star Lake Credit & Debt Lawyer, New York, page 6

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George J. Villiere

Laurie Lynn Paro

Krista Ann Freego

Maureen C. Mcgaw

Anya A. Tendler

Cathleen Ellen Ohoro

Charles Bradley Nash

Frederick Morton Fink

Christopher Robert Rediehs

Sarah Cornelia Lee

TIPS

LEGAL TERMS

GENERAL PARTNER

S CORPORATION

CHAPTER 7 BANKRUPTCY

401(K) PLAN

CREDIT BUREAU

INFRINGEMENT (OF TRADEMARK)

CCCS

AUTOMATIC STAY

COLLECTION AGENCY

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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