Bowmansville 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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Derek Akiwumi

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Accident & Injury, Criminal, Divorce & Family Law, Estate, Bankruptcy & Debt

Derek Akiwumi, representing clients throughout WNY, has a proven reputation for getting the results you need. From criminal defense, appeals, and pers... (more)

CONTACT

800-711-9031

300 International Dr, Buffalo, NY 14221

Chris T. Brunea

Estate, Criminal, Civil & Human Rights, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

609 Harris Hill Rd., Lancaster, NY 14086

Steven William Wells

Other, Litigation, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 21 Years

CONTACT

229 Warner Rd, Lancaster, NY 14086

Peter David Grubea

Bankruptcy & Debt, Consumer Bankruptcy, Credit & Debt

Status: Licensed: 31 Years

FREE CONSULTATION

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Joseph Edward Demarco

Lending, Business, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Jonathan Edward Staehr

Power of Attorney, Landlord-Tenant, Traffic, Litigation, Bankruptcy

Status: Licensed: 23 Years

CONTACT

336 Harris Hill Road, Buffalo, NY 14221

Todd Alan Morth

Consumer Bankruptcy, Credit & Debt, Bankruptcy Litigation

Status: Licensed: 26 Years

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Michelle Claudine Marans

Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

20 Lawrence Bell Dr, Buffalo, NY 14221

Daniel Ryan Dahl

Lawsuit & Dispute, International, Government, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

6467 Main Street, Buffalo, NY 14221

Mark E. Lewis

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 35 Years

CONTACT

4550 Harris Hill Rd, Buffalo, NY 14221

800-923-0641

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800-943-8690

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LEGAL TERMS

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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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Bowmansville Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Derek Akiwumi

Chris T. Brunea

Steven William Wells

Peter David Grubea

Joseph Edward Demarco

Jonathan Edward Staehr

Todd Alan Morth

Michelle Claudine Marans

Daniel Ryan Dahl

Mark E. Lewis

TIPS

LEGAL TERMS

HOUSEHOLDER

DISCHARGEABLE DEBTS

NO-FAULT INSURANCE

AUTOMATIC STAY

FRATERNAL BENEFIT SOCIETY BENEFITS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

ACCORD AND SATISFACTION

INTEREST

BANKRUPTCY TRUSTEE

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