Hamlin 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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Ralph Herbert Boss

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: Licensed: 53 Years

CONTACT

2691 Dewey Ave, Rochester, NY 14616

Barry Christopher Balonek

Family Law, Constitutional Law, Corporate, Credit & Debt

Status: Licensed: 49 Years

CONTACT

38 Wilelen Rd, Rochester, NY 14624

Hope Olsson

Bankruptcy & Debt

Status: Licensed: 28 Years

CONTACT

1064 Lake Avenue, Rochester, NY 14613

Kenneth Charles Keller

Bankruptcy & Debt

Status: Licensed: 44 Years

CONTACT

47 Loyalist Ave, Rochester, NY 14624

Lawrence Baker

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

250 Mill Street, Rochester, NY 14614

Mindy Lee Zoghlin

State and Local, State and Local, Environmental Law, Divorce, Collection

Status: Licensed: 41 Years

CONTACT

300 State St, Rochester, NY 14614

Cheryl A. Heller

Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

300 State St, Rochester, NY 14614

Sandra Marie Williams

Family Law, Divorce & Family Law, Contract, Credit & Debt

Status: Licensed: 28 Years

CONTACT

Rochester, NY 14614

David Robert Mowry

Wrongful Termination, Criminal, Bankruptcy

Status: Licensed: 25 Years

CONTACT

30 Church St, Rochester, NY 14614

Loretta S. Courtney

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

Status: Licensed: 41 Years

CONTACT

201 Hall Of Justice, Rochester, NY 14614

800-814-6700

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

CCCS

See Consumer Credit Counseling Service.

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.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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Hamlin Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ralph Herbert Boss

Barry Christopher Balonek

Hope Olsson

Kenneth Charles Keller

Lawrence Baker

Mindy Lee Zoghlin

Cheryl A. Heller

Sandra Marie Williams

David Robert Mowry

Loretta S. Courtney

TIPS

LEGAL TERMS

CREDIT BUREAU

CCCS

FRAUDULENT TRANSFER

UNDUE HARDSHIP

S CORPORATION

AUTOMATIC STAY

C CORPORATION

NO-FAULT INSURANCE

MEANS TEST

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