Farmingdale 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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David Paul Weiss

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

406 Bedford Ave, Bellmore, NY 11710

Mark David Mensher

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

213 Bedford Ave, Bellmore, NY 11710

E. Hope Greenberg

Lawsuit & Dispute, Bankruptcy & Debt, Collection

Status: Licensed: 33 Years

CONTACT

2650 Merrick Rd, Bellmore, NY 11710

Hal Lance Rose

Bankruptcy, Landlord-Tenant, Civil Rights, Business

Status:

CONTACT

2159 Hillside Avenue, Bellmore, NY 11710

Debra Susan Berley

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

4250 Hempstead Tpke, Bethpage, NY 11714

Eric Levine-Rahamim

Consumer Bankruptcy

Status: Licensed: 10 Years

CONTACT

77 Conklin St, Farmingdale, NY 11735

Vicki Susan Gruber

Lawsuit, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status:

CONTACT

189 Oakview Ave, Farmingdale, NY 11735

Thomas William Hartin

Class Action, Advertising, Corporate, Antitrust, Bankruptcy & Debt

Status: Licensed: 9 Years

CONTACT

65 Spencer Street, Farmingdale, NY 11735

Irwin Stanley Kirschenbaum

Real Estate, Bankruptcy & Debt

Status: Licensed: 53 Years

CONTACT

40 Daniel St, Farmingdale, NY 11735

Harrison Joseph Edwards

Criminal, Litigation, Elder Law, Business & Trade, Bankruptcy

Status: Licensed: 48 Years

CONTACT

Farmingdale, NY 11735

800-814-6700

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LEGAL TERMS

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

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Farmingdale Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Paul Weiss

Mark David Mensher

E. Hope Greenberg

Hal Lance Rose

Debra Susan Berley

Eric Levine-Rahamim

Vicki Susan Gruber

Thomas William Hartin

Irwin Stanley Kirschenbaum

Harrison Joseph Edwards

TIPS

LEGAL TERMS

COSIGNER

REDEMPTION

SECURED DEBT

CHAPTER 13 PLAN

WORKOUT

FRAUDULENT TRANSFER

TOXIC TORT

CREDIT COUNSELING

CHAPTER 7 BANKRUPTCY

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