Granite Springs Bankruptcy & Debt 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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William F. Macreery

Litigation, Bankruptcy, Bankruptcy & Debt

Status:

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7 Granite Springs Rd, Granite Springs, NY 10527

Gary Mark Rikoon

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

79 Granite Springs Rd, Yorktown Heights, NY 10598

Jonathan Matthew Victor

Contract, Credit & Debt, Construction, Constitutional Law, Education

Status: Licensed: 16 Years

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963 Route 6, Mahopac, NY 10541

Lester Forest

Consumer Bankruptcy, Estate, Civil Rights, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

299 Route 6N, Mahopac, NY 10541

Anthony John Tripodi

Commercial Real Estate, Real Estate, Government, Bankruptcy & Debt

Status: Licensed: 49 Years

CONTACT

40 Triangle Ctr, Yorktown Heights, NY 10598

Michael Mel Attanasio

Real Estate, Civil & Human Rights, Business, Bankruptcy

Status: Licensed: 41 Years

CONTACT

3497 Kamhi Dr, Yorktown Heights, NY 10598

John R. Kibbe

Industry Specialties, Business, Bankruptcy & Debt

Status:

CONTACT

1961 Commerce St, Yorktown Heights, NY 10598

Cornelius Patrick Mccarthy

Intellectual Property, Divorce & Family Law, Business, Credit & Debt, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

612 N Lake Blvd, Mahopac, NY 10541

Leonard Frank Quartaro

Bankruptcy & Debt, Criminal, Credit & Debt

Status: Licensed: 30 Years

CONTACT

35B Heritage Hls, Somers, NY 10589

George J. Calcagnini

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

376 Route 202, Somers, NY 10589

800-923-0641

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LEGAL TERMS

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.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

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.

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.

FCRA

See Fair Credit Reporting Act.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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Granite Springs Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William F. Macreery

Gary Mark Rikoon

Jonathan Matthew Victor

Lester Forest

Anthony John Tripodi

Michael Mel Attanasio

John R. Kibbe

Cornelius Patrick Mccarthy

Leonard Frank Quartaro

George J. Calcagnini

TIPS

LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

LIMITED PARTNERSHIP

DOING BUSINESS AS (DBA)

CURRENT MONTHLY INCOME

FORBEARANCE

NONPROFIT CORPORATION

GUARANTOR

FCRA

PRESUMED ABUSE

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