Columbia County, NY Reorganization Lawyers, 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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Paul Martin Freeman

Real Estate Other, Dispute Resolution, Wills & Probate, Whistleblower, Car Accident

Status: In Good Standing

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441 E Allen St, Hudson, NY 12534

Mark David Greenberg

Real Estate, DUI-DWI, Criminal, Accident & Injury

Status: In Good Standing Licensed: 30 Years

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4 E Court St, Hudson, NY 12534

Lisa M. Mills

Mediation, Collaborative Law, Divorce, Child Support

Status: In Good Standing Licensed: 25 Years

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44 Broad Street, Kinderhook, NY 12106

Paul Gilbert Flint

Real Estate, Estate, Environmental Law, Civil & Human Rights

Status: In Good Standing

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75 Main St, Chatham, NY 12037

Ian Lyle Crimmins

Estate Planning, Family Law, Criminal, Collection

Status: In Good Standing

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18 Park Row, Chatham, NY 12037

Victor M. Meyers

Construction, Family Law, Banking & Finance, Personal Injury

Status: In Good Standing Licensed: 56 Years

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436 Union St, Hudson, NY 12534

Anthony Gerard Buono

Real Estate, Sex Discrimination, Divorce, Divorce & Family Law

Status: In Good Standing

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1052 Kinderhook St, Valatie, NY 12184

Douglas Elliott Coleman

Motor Vehicle, Family Law

Status: Suspended

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414 Union St, Hudson, NY 12534

Matthew Douglas Cabral

Lawsuit & Dispute, Environmental Law, Divorce & Family Law

Status: In Good Standing Licensed: 15 Years

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21 North 7Th Street, Hudson, NY 12534

Michael A. Colton

Real Estate, Estate Planning, Estate, Civil Rights

Status: In Good Standing

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63 Norton Rd, Austerlitz, NY 12017

800-923-0641

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LEGAL TERMS

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

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.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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Columbia County, NY Reorganization Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Paul Martin Freeman

Mark David Greenberg

Lisa M. Mills

Paul Gilbert Flint

Ian Lyle Crimmins

Victor M. Meyers

Anthony Gerard Buono

Douglas Elliott Coleman

Matthew Douglas Cabral

Michael A. Colton

TIPS

LEGAL TERMS

BANKRUPTCY

WINDING UP

REDEMPTION

MEANS TEST

TRADE DRESS

COLLATERAL

LIMITED LIABILITY

FORBEARANCE

NUISANCE FEES

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