Franklinville 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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Stuart Allen Gellman

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 64 Years

CONTACT

331 Alberta Dr, Buffalo, NY 14226

Richard F. Digiacomo

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

200 John James Audubon Pkwy, Buffalo, NY 14228

Paul F. Jones

Real Estate, Health Care, Environmental Law, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

125 Main St, Buffalo, NY 14203

Joel Brownstein

Lawsuit & Dispute, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 66 Years

CONTACT

705 Brisbane Building, Buffalo, NY 14203

R William Stephens

Environmental Law, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 60 Years

CONTACT

2495 Main St, Buffalo, NY 14214

Robert Jay Feldman

Lawsuit & Dispute, Business, Bankruptcy & Debt

Status:

CONTACT

465 Main St, Buffalo, NY 14203

John C. Spitzmiller

Health Care, Estate, Employment, Bankruptcy & Debt

Status: Licensed: 52 Years

CONTACT

125 Main St, Buffalo, NY 14203

Robert B. Gleichenhaus

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 44 Years

CONTACT

43 Court St, Buffalo, NY 14202

Francis P. Weimer

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

43 Court St, Buffalo, NY 14202

David Colin Schopp

Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

290 Main St, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

DISCHARGE (OF DEBTS)

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

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.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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Franklinville Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Stuart Allen Gellman

Richard F. Digiacomo

Paul F. Jones

Joel Brownstein

R William Stephens

Robert Jay Feldman

John C. Spitzmiller

Robert B. Gleichenhaus

Francis P. Weimer

David Colin Schopp

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

CHAPTER 13 PLAN

DISCHARGE (OF DEBTS)

BULK SALES LAW

SECURED DEBT

FRAUDULENT TRANSFER

LIQUIDATING PARTNER

AUTOMATIC STAY

CREDIT REPORT

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