Fresh Meadows 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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Warren R. Graham

Banking & Finance, Bankruptcy, Corporate, Reorganization

Status: In Good Standing

FREE CONSULTATION

CONTACT

292 Madison Avenue, New York, NY 10017

Rhoda Y. Andors

Administrative Law, Reorganization, Wrongful Termination, Civil Rights

Status: In Good Standing

CONTACT

98 Cutter Mill Road, Great Neck, NY 11021

David Brodman

Reorganization, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

FREE CONSULTATION

CONTACT

633 Lydig Avenue, Bronx, NY 10462

Mary Ann Catalano

Trusts, Estate, Employment, Reorganization

Status: In Good Standing

CONTACT

1122 Franklin Ave, Garden City, NY 11530

Esite J Johnson

Medical Malpractice, Property Damage, Banking & Finance, Reorganization

Status: In Good Standing Licensed: 58 Years

CONTACT

124 New York, New York, NY 10035

Heather Lennox

Reorganization, Consumer Rights

Status: In Good Standing

CONTACT

222 East 41St Street, New York, NY 10017

Alex Spizz

Reorganization, Bankruptcy, Credit & Debt, Bankruptcy Litigation

Status: In Good Standing Licensed: 51 Years

CONTACT

425 Park Avenue, New York, NY 10022

Barton Nachamie

Bankruptcy, Banking & Finance, Dispute Resolution, Reorganization

Status: Inactive Licensed: 65 Years

CONTACT

425 Park Ave, New York, NY 10022

Vanessa Green Spiro

Real Estate, Lending, Reorganization, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

222 E 41st St, New York, NY 10017

Richard Hunter Engman

Reorganization, Credit & Debt, Workout

Status: In Good Standing Licensed: 27 Years

CONTACT

222 E 41st St, New York, NY 10017

800-923-0641

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LEGAL TERMS

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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Fresh Meadows Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Warren R. Graham

Rhoda Y. Andors

David Brodman

Mary Ann Catalano

Esite J Johnson

Heather Lennox

Alex Spizz

Barton Nachamie

Vanessa Green Spiro

Richard Hunter Engman

TIPS

LEGAL TERMS

UNDUE HARDSHIP

CREDITOR

FRAUDULENT TRANSFER

LIABILITY

FAIR CREDIT BILLING ACT (FCBA)

NONDISCHARGEABLE DEBTS

FAIR LABOR STANDARDS ACT (FLSA)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GUARANTOR

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