Franklin County, NY Bankruptcy & Debt Lawyers

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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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Not enough matches for Franklin Bankruptcy & Debt lawyer.
Below are all Franklin lawyers.

Anson E. Rhodes

Litigation, Lawsuit & Dispute

Status: Licensed: 19 Years

CONTACT

355 W Main St, Malone, NY 12953

Barbara Marie Friend

General Practice

Status: Licensed: 47 Years

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106 View St, Saranac Lake, NY 12983

Brendon Donald Dupree

General Practice

Status: Licensed: 18 Years

CONTACT

355 W Main St, Malone, NY 12953

Brian S. Stewart

General Practice

Status: Licensed: 42 Years

CONTACT

367 W Main St, Malone, NY 12953

Bryan J. Hughes

Social Security, Divorce & Family Law, Criminal, Defamation & Slander

Status: Licensed: 55 Years

CONTACT

Malone, NY 12953

Charles Joseph Nicastro

General Practice

Status: Licensed: 50 Years

CONTACT

163 Olive St, Saranac Lake, NY 12983

Christopher Don Nye

General Practice

Status: Licensed: 13 Years

CONTACT

Fort Covington, NY 12937

Craig Paul Carriero

Industry Specialties

Status: Licensed: 23 Years

CONTACT

355 W Main St, Malone, NY 12953

Dale Thomas White

General Practice

Status: Licensed: 45 Years

CONTACT

71 Margaret Terrance Memorial Way, Hogansburg, NY 13655

Daniel Hildreth Steidl

General Practice

Status: Licensed: 63 Years

CONTACT

37 Booth Bay Ln, Rainbow Lake, NY 12976

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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Franklin County, NY Bankruptcy & Debt Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anson E. Rhodes

Barbara Marie Friend

Brendon Donald Dupree

Brian S. Stewart

Bryan J. Hughes

Charles Joseph Nicastro

Christopher Don Nye

Craig Paul Carriero

Dale Thomas White

Daniel Hildreth Steidl

TIPS

LEGAL TERMS

COLLATERAL

TOXIC TORT

FORBEARANCE

GRACE PERIOD

INTEREST

IRS EXPENSES

GARNISHMENT

CHAPTER 7 BANKRUPTCY

NONPROFIT CORPORATION

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PRACTICE AREAS 70