Granite Springs Workout 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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R. Spencer Lauterbach

Corporate, Workout, Household Mold, Trusts

Status:

CONTACT

151 North Main Street, New City, NY 10956

John F. Bricker

Banking & Finance, Workout

Status: Licensed: 44 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

Karen M Platt

Children's Rights, Workout, Reorganization, Bankruptcy, Litigation

Status: Licensed: 25 Years

CONTACT

7 Times Square, New York, NY 10036

George Robertson Howard

Litigation, Workout, Reorganization, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

Antonia Golianopoulos

Workers' Compensation, Workout, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

1221 Avenue Of The Americas, New York, NY 10020

Ronald Joseph Silverman

Litigation, International, Workout, Commercial Bankruptcy, Car Accident

Status: Licensed: 33 Years

CONTACT

390 Madison Ave, New York, NY 10017

Benjamin Hoch

Business, Workout, Credit & Debt, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

1301 Avenue Of The Americas, New York, NY 10019

John J. Rapisardi

Litigation, Industry Specialties, Workout, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

7 Times Square, New York, NY 10036

Michael E. Wiles

Litigation, Workout

Status: Licensed: 46 Years

CONTACT

919 3Rd Ave, New York, NY 10022

William Paul Weintraub

Litigation, Workout, Reorganization, Credit & Debt

Status: Licensed: 45 Years

CONTACT

620 Eighth Avenue, New York, NY 10018

800-923-0641

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LEGAL TERMS

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

Granite Springs Workout Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

R. Spencer Lauterbach

John F. Bricker

Karen M Platt

George Robertson Howard

Antonia Golianopoulos

Ronald Joseph Silverman

Benjamin Hoch

John J. Rapisardi

Michael E. Wiles

William Paul Weintraub

TIPS

LEGAL TERMS

REAFFIRMATION

MEETING OF CREDITORS

C CORPORATION

UNDUE HARDSHIP

DISPOSABLE INCOME

NONPROFIT CORPORATION

ABUSE

WINDING UP

COLLATERAL

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