East Moriches 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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Stanley Weiner

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

22 Stargazer Dr, Eastport, NY 11941

Patricia Alice Scully Riegger

International, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

449 Upper Midland Pond Ct, Moriches, NY 11955

Glenn Louis Kantor

Estate, Bankruptcy

Status: Licensed: 41 Years

CONTACT

12 Oak Street, Westhampton Beach, NY 11978

Suzanne Martin Mensch

Real Estate, Estate, Business, Bankruptcy & Debt

Status: Licensed: 26 Years

CONTACT

50 Sunset Ave, Westhampton Beach, NY 11978

Mel Jacoby

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

Status:

FREE CONSULTATION

CONTACT

691 Montauk Highway, Shirley, NY 11967

John Edward Messinetti

Traffic, Estate Planning, Elder Law, Bankruptcy

Status: Licensed: 56 Years

CONTACT

210 William Floyd Pkwy, Shirley, NY 11967

John Edward Messinetti

Traffic, Estate Planning, Elder Law, Bankruptcy

Status: Licensed: 56 Years

CONTACT

210 William Floyd Pkwy, Shirley, NY 11967

Lisa Alexandra Frey

Landlord-Tenant, Social Security, Child Custody, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

50 Old Main Rd, Quogue, NY 11959

Michael Macco

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

The Old Post Office Unit, Riverhead, NY 11901

Chinwe Angela Nwadiogbu

Immigration, Medical Malpractice, Divorce & Family Law, Consumer Bankruptcy

Status: Licensed: 25 Years

CONTACT

Ridge, NY 11961

800-923-0641

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LEGAL TERMS

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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East Moriches Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Stanley Weiner

Patricia Alice Scully Riegger

Glenn Louis Kantor

Suzanne Martin Mensch

Mel Jacoby

John Edward Messinetti

John Edward Messinetti

Lisa Alexandra Frey

Michael Macco

Chinwe Angela Nwadiogbu

TIPS

LEGAL TERMS

REDEMPTION

CREDIT BUREAU

DISCHARGEABLE DEBTS

401(K) PLAN

CHAPTER 7 BANKRUPTCY

CURRENT MONTHLY INCOME

MEANS TEST

BULK SALES LAW

INFRINGEMENT (OF TRADEMARK)

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