East Nassau 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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Craig H. Norman

Collection

Status: In Good Standing

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122 Remsen Street, Cohoes, NY 12047

Ian L. Crimmins

Estate Planning, Family Law, Criminal, Collection

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18 Park Row, Chatham, NY 12037

Jerrold W. Bartman

Bankruptcy

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409 New Karner Road, Albany, NY 12205

Marc S. Ehrlich

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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64 2nd Street, Troy, NY 12180

Aaron M. Depaolo

Federal Appellate Practice, Insurance, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 11 Years

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20 Corporate Woods Blvd, Albany, NY 12211

Adam Hill Cooper

Other, Real Estate, Collection, Accident & Injury

Status: In Good Standing Licensed: 20 Years

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20 Corporate Woods Blvd, Albany, NY 12211

Adam Alvarez

Real Estate, Government, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 24 Years

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279 Troy Rd, Rensselaer, NY 12144

Adam Fordham Kinney

Other, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

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10 Corporate Woods Dr, Albany, NY 12211

Alan Jay Goldberg

Industry Specialties, Employment, Bankruptcy & Debt

Status: In Good Standing

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1 Commerce Plaza, Albany, NY 12260

Alexander Powhida

Landlord-Tenant, Employment Discrimination, Child Custody, Bankruptcy

Status: In Good Standing

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State St And Washington Ave, Albany, NY 12224

800-923-0641

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LEGAL TERMS

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

East Nassau Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Craig H. Norman

Ian L. Crimmins

Jerrold W. Bartman

Marc S. Ehrlich

Aaron M. Depaolo

Adam Hill Cooper

Adam Alvarez

Adam Fordham Kinney

Alan Jay Goldberg

Alexander Powhida

TIPS

LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

FAIR LABOR STANDARDS ACT (FLSA)

DISCHARGE (OF DEBTS)

LIMITED PARTNERSHIP

SETOFF

CREDIT INSURANCE

HOUSEHOLDER

LIABILITY

FCBA

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