Amityville Bankruptcy & Debt Lawyer, New York, page 2

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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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Irving Like

Real Estate, Immigration, Bankruptcy

Status: Licensed: 75 Years

CONTACT

179 Little East Neck Rd, Babylon, NY 11704

Irwin Stanley Kirschenbaum

Real Estate, Bankruptcy & Debt

Status: Licensed: 53 Years

CONTACT

40 Daniel St, Farmingdale, NY 11735

Ivars Berzins

Bankruptcy & Debt, Lawsuit & Dispute, Estate, Real Estate, Wills & Probate

Status: Licensed: 60 Years

CONTACT

484 W Main St, Babylon, NY 11702

James D. Murtha

Landlord-Tenant, Credit & Debt, Copyright

Status:

CONTACT

4940 Merrick Rd, Massapequa Park, NY 11762

James Paul Scully

Accident & Injury, Bankruptcy, Employment, Lawsuit & Dispute, Real Estate

Status: Licensed: 20 Years

CONTACT

40 Daniel St, Farmingdale, NY 11735

John Henry Hall

Real Estate, Criminal, Business, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

29 Cedar Ave, Farmingdale, NY 11735

Julio Ceasar Galarza

Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

5020 Sunrise Hwy, Massapequa Park, NY 11762

Kelly Ann Poole

Real Estate, Employment, Collection

Status: Licensed: 33 Years

CONTACT

40 Marcus Dr, Melville, NY 11747

Michael B. Green

General Practice

Status: Licensed: 27 Years

CONTACT

Seaford, NY 11783

Michael M Iannuzzi

Credit & Debt

Status:

CONTACT

23 Westminster St, Massapequa, NY 11758

800-923-0641

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LEGAL TERMS

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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Amityville Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Irving Like

Irwin Stanley Kirschenbaum

Ivars Berzins

James D. Murtha

James Paul Scully

John Henry Hall

Julio Ceasar Galarza

Kelly Ann Poole

Michael B. Green

Michael M Iannuzzi

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LEGAL TERMS

LIMITED LIABILITY

REDEMPTION

S CORPORATION

GENERAL PARTNER

SECRET WARRANTY PROGRAM

DOING BUSINESS AS (DBA)

401(K) PLAN

SUBROGATION

BANKRUPTCY TRUSTEE

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