Guilderland Center 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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Javier Jose Mendez Rodriguez

Bankruptcy, Employment, Real Estate

Status: Licensed: 10 Years

CONTACT

9 Winding Brook Dr., Guilderland, NY 12084

Kevin A. Moss

Criminal, Traffic, Credit & Debt, Personal Injury

Status: Licensed: 52 Years

CONTACT

462 Bond Rd, Altamont, NY 12009

Michael Kurz

Government, Bankruptcy

Status: Licensed: 37 Years

CONTACT

2212 Western Ave, Guilderland, NY 12084

Richard C. Maider

Lawsuit & Dispute, Business & Trade, Bankruptcy & Debt

Status:

CONTACT

305 Westwoods Court, Schenectady, NY 12303

Julie B. Solomon

Bankruptcy & Debt

Status:

CONTACT

151 Brandon Terrace, Albany, NY 12203

Anthony J Pietrafesa

Bankruptcy & Debt, Consumer Rights, Defect and Lemon Law, Deceptive Trade Practices, Landlord-Tenant

Status:

FREE CONSULTATION

CONTACT

1971 Western Av #181, Albany, NY 12203

Richard William Bader

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

158 Swift Rd, Voorheesville, NY 12186

Rudolph J. Meola

Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

1822 Western Ave, Albany, NY 12203

Conor Eric Brownell

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status:

CONTACT

1 Columbia Cir, Albany, NY 12203

Erika Catherine Browne

Litigation, Civil Rights, Corporate, Commercial Bankruptcy

Status: Licensed: 19 Years

CONTACT

255 Washington Avenue Ext, Albany, NY 12205

800-923-0641

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LEGAL TERMS

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

CREDIT FILE

See credit report.

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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Guilderland Center Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Javier Jose Mendez Rodriguez

Kevin A. Moss

Michael Kurz

Richard C. Maider

Julie B. Solomon

Anthony J Pietrafesa

Richard William Bader

Rudolph J. Meola

Conor Eric Brownell

Erika Catherine Browne

TIPS

LEGAL TERMS

PRESUMED ABUSE

NONDISCHARGEABLE DEBTS

SECRET WARRANTY PROGRAM

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

WORKOUT

LIMITED LIABILITY

FRAUDULENT TRANSFER

CREDIT FILE

GUARANTOR

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