Far Rockaway Reorganization 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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Adriana Hope Foreman

Reorganization

Status: Licensed: 7 Years

CONTACT

900 3Rd Ave, New York, NY 10022

Alex Spizz

Reorganization, Bankruptcy, Credit & Debt, Bankruptcy Litigation

Status: Licensed: 51 Years

CONTACT

425 Park Avenue, New York, NY 10022

Andrew Stephen Midgett

Criminal, Corporate, Reorganization, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

217 Broadway, New York, NY 10007

Andrew Peter Denatale

Industry Specialties, Business, Reorganization, Bankruptcy & Debt

Status: Licensed: 49 Years

CONTACT

180 Maiden Ln, New York, NY 10038

Andrew Joseph Young

Reorganization, Litigation

Status: Licensed: 19 Years

CONTACT

1 Chase Manhattan Plz, New York, NY 10005

Ashley Renee Hodges

Art, Environmental Law, Unfair Competition, Reorganization

Status: Licensed: 10 Years

CONTACT

1 Battery Park Plaza, New York, NY 10004

Barton Nachamie

Bankruptcy, Banking & Finance, Dispute Resolution, Reorganization

Status: Licensed: 65 Years

CONTACT

425 Park Ave, New York, NY 10022

Brad Jeffrey Axelrod

Corporate, Banking & Finance, Reorganization, Bankruptcy, Divorce & Family Law

Status: Licensed: 36 Years

CONTACT

500 5Th Ave, New York, NY 10110

Brett Howard Miller

Intellectual Property, Business, Reorganization, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

767 7Th Ave, New York, NY 10019

Carl Nicholas Wedoff

Reorganization

Status: Licensed: 15 Years

CONTACT

1155 Avenue Of The Americas, New York, NY 10036

800-923-0641

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

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.

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.

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.

Far Rockaway Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Adriana Hope Foreman

Alex Spizz

Andrew Stephen Midgett

Andrew Peter Denatale

Andrew Joseph Young

Ashley Renee Hodges

Barton Nachamie

Brad Jeffrey Axelrod

Brett Howard Miller

Carl Nicholas Wedoff

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

DEBT COLLECTOR

IRS EXPENSES

GARNISHMENT

CURRENT MONTHLY INCOME

LIMITED PARTNERSHIP

LIMITED LIABILITY

FRATERNAL BENEFIT SOCIETY BENEFITS

FCRA

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