Armonk 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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Allison Elizabeth Ianni

Other, Lawsuit & Dispute, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

403 Main St, Armonk, NY 10504

Eric Justin Finkelstein

Lawsuit & Dispute, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

1 North Castle Dr, Armonk, NY 10504

Jo-Ann Theresa Lambert

Other, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

80 Business Park Drive, Armonk, NY 10504

Warren Scott Gottlieb

Lawsuit & Dispute, Government, Corporate, Collection

Status: In Good Standing Licensed: 28 Years

CONTACT

80 Business Park Drive, Armonk, NY 10504

Paul Francis Jenkins

Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

80 Business Park Dr, Armonk, NY 10504

Matthew Michael Siti

Foreclosure, Litigation, Election & Political, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

80 Business Park Dr, Armonk, NY 10504

Prassana Mahadeva

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

80 Business Park Drive, Armonk, NY 10504

Farva Jafri

Bankruptcy & Debt, Tax, Divorce, Estate Planning, White Collar Crime

Status: In Good Standing

FREE CONSULTATION

CONTACT

50 Evergreen Row, Armonk, NY 10504

Eric Paul Wainer

Bankruptcy & Debt, Foreclosure, Litigation, Banking & Finance

Status: In Good Standing Licensed: 46 Years

CONTACT

148 Devoe Rd, Chappaqua, NY 10514

Scott B. Tulman

Other, Lawsuit & Dispute, Criminal, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

18 Haights Cross Rd, Chappaqua, NY 10514

800-923-0641

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800-943-8690

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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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured 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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Armonk Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Allison Elizabeth Ianni

Eric Justin Finkelstein

Jo-Ann Theresa Lambert

Warren Scott Gottlieb

Paul Francis Jenkins

Matthew Michael Siti

Prassana Mahadeva

Farva Jafri

Eric Paul Wainer

Scott B. Tulman

TIPS

LEGAL TERMS

LIMITED LIABILITY

SECURED DEBT

MEANS TEST

ABUSE

TOXIC TORT

SETOFF

MEETING OF CREDITORS

COLLECTION AGENCY

WINDING UP

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