Delphi Falls 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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Timothy Grant Riehlman

Real Estate, Bankruptcy & Debt

Status: Licensed: 49 Years

CONTACT

7693 State Route 281, Tully, NY 13159

Peter Alan Baum

Social Security, Family Law, Criminal, Collection

Status: Licensed: 52 Years

CONTACT

601 Lakeport Rd, Chittenango, NY 13037

Gary Lee Orenstein

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 69 Years

CONTACT

1285 Woodmancy Rd, Tully, NY 13159

Harold Philip Goldberg

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 62 Years

CONTACT

201 Summerhaven Dr S, East Syracuse, NY 13057

Craig C. Humpleby

Government, Criminal, Bankruptcy & Debt

Status: Licensed: 23 Years

CONTACT

4306 E Genesee St, Syracuse, NY 13214

Clifford Forstadt

Family Law, Divorce & Family Law, Business, Bankruptcy & Debt

Status: Licensed: 50 Years

CONTACT

211 N Center St, East Syracuse, NY 13057

Travis H D Lewin

Immigration, Divorce & Family Law, Civil Rights, Bankruptcy

Status: Licensed: 54 Years

CONTACT

900 S Crouse Ave, Syracuse, NY 13244

Michael Adam Schwartz

Real Estate Other, Immigration, Disability, Bankruptcy

Status: Licensed: 43 Years

CONTACT

950 Irving Avenue, Syracuse, NY 13244

Joel N. Melnicoff

Social Security -- Disability, Collection, Banking & Finance, Wills & Probate

Status: Licensed: 60 Years

CONTACT

622 University Ave, Syracuse, NY 13210

William L. Foster

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

232 Shotwell Park, Syracuse, NY 13206

800-923-0641

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

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.

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.

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Delphi Falls Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Timothy Grant Riehlman

Peter Alan Baum

Gary Lee Orenstein

Harold Philip Goldberg

Craig C. Humpleby

Clifford Forstadt

Travis H D Lewin

Michael Adam Schwartz

Joel N. Melnicoff

William L. Foster

TIPS

LEGAL TERMS

NONDISCHARGEABLE DEBTS

NONEXEMPT PROPERTY

401(K) PLAN

NONPROFIT CORPORATION

IRS EXPENSES

NUISANCE FEES

GENERAL PARTNER

WINDING UP

ACCORD AND SATISFACTION

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