East Bethany Collection 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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Patrick Noe

Business Organization, Family Law, Eminent Domain, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

1301 North Forest Road, Buffalo, NY 14221

Theron Edwin Howard

Foreclosure, State Government, Estate Planning, Banking & Finance, Collection

Status: In Good Standing Licensed: 48 Years

CONTACT

15 Clay St, Le Roy, NY 14482

David T Stephenson

Intellectual Property, Industry Specialties, Collection, Products Liability

Status: In Good Standing Licensed: 20 Years

CONTACT

1150 Maple Rd, Elma, NY 14059

Joseph John Terranova

Consumer Protection, Civil Rights, Collection, Household Mold

Status: In Good Standing Licensed: 45 Years

CONTACT

2901 Bowen Rd, Elma, NY 14059

Scott Anthony Bylewski

Divorce, DUI-DWI, Collection, Products Liability

Status: In Good Standing Licensed: 26 Years

CONTACT

5861 Goodrich Rd, Clarence Center, NY 14032

Vincent Gregory Lo Tempio

Intellectual Property, DUI-DWI, Collection, Products Liability

Status: In Good Standing

CONTACT

8433 William Smith Way, Buffalo, NY 14221

James Michael Joyce

General Practice

Status: In Good Standing Licensed: 38 Years

CONTACT

4733 Transit Rd, Depew, NY 14043

David L. Rasmussen

Real Estate, Traffic, Estate Planning, Estate, Collection

Status: In Good Standing

CONTACT

400 Meridian Centre Blvd, Rochester, NY 14618

Kelly M. Ciccone

Family Law, Collection, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

1081 Long Pond Rd, Rochester, NY 14626

James Stuart Grossman

Tax, Commercial Real Estate, Health Care Other, Collection

Status: In Good Standing Licensed: 51 Years

CONTACT

100 Chestnut St, Rochester, NY 14604

800-923-0641

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LEGAL TERMS

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

FCRA

See Fair Credit Reporting Act.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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East Bethany Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patrick Noe

Theron Edwin Howard

David T Stephenson

Joseph John Terranova

Scott Anthony Bylewski

Vincent Gregory Lo Tempio

James Michael Joyce

David L. Rasmussen

Kelly M. Ciccone

James Stuart Grossman

TIPS

LEGAL TERMS

DOING BUSINESS AS (DBA)

BULK SALES LAW

REAFFIRMATION

FCRA

ADMINISTRATIVE EXPENSES

NONEXEMPT PROPERTY

WINDING UP

IRS EXPENSES

CURRENT MONTHLY INCOME

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