Huntington Station 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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Jeffrey Edward Litman

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Accident & Injury, Bankruptcy & Debt, Criminal, Estate

Eugene Litman, Esq. established Litman & Litman, P.C. in 1958. Eugene raised his four sons with aspirations that they would join him in the legal prof... (more)

CONTACT

516-353-1500

5 Bering Ct., Woodbury, NY 11797

Steven William Stutman

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Real Estate, Consumer Bankruptcy, Wills & Probate, Bankruptcy

Steven Stutman is a practicing lawyer in the state of New York handling Real Estate and Estate matters.

FREE CONSULTATION

CONTACT

631-393-6001

535 Broadhollow Road, Melville, NY 11747

Scott R. Schneider

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Bankruptcy & Debt, Immigration

My name is Scott R. Schneider, and I'm committed to bringing more than two decades of bankruptcy law experience to help you unburden yourself if you a... (more)

FREE CONSULTATION

CONTACT

800-725-7891

117 Broadway, Hicksville, NY 11801

John Peter Brooke

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Bankruptcy & Debt, Divorce & Family Law, Foreclosure, Wills & Probate, Real Estate

My law firm is a full-service practice specializing in the areas of bankruptcy, foreclosure defense, mortgage/loan modifications as well as other area... (more)

FREE CONSULTATION

CONTACT

800-576-3140

85 W. Main Street, Bay Shore, NY 11706

Richard L. Stern

Bankruptcy & Debt

Status:

FREE CONSULTATION

CONTACT

135 Pinelawn Road, Melville, NY 11747

Peter Corey

Bankruptcy & Debt

Status:

FREE CONSULTATION

CONTACT

135 Pinelawn Road, Melville, NY 11747

James S Don

Administrative Law, Dispute Resolution, Bankruptcy, Corporate

Status:

CONTACT

380 North Broadway, Jericho, NY 11753

Andre Nicholas Poulis

Insurance, Personal Injury, Commercial Bankruptcy

Status:

FREE CONSULTATION

CONTACT

50 Route 111, Smithtown, NY 11787

Georgia Skevofilax

Bankruptcy

Status: Licensed: 25 Years

CONTACT

145 Pidgeon Hill Rd, Huntington Station, NY 11746

Steven Zalewski

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

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CONTACT

21 Walt Whitman Rd, Huntington Station, NY 11746

800-923-0641

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800-943-8690

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LEGAL TERMS

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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Huntington Station Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeffrey Edward Litman

Steven William Stutman

Scott R. Schneider

John Peter Brooke

Richard L. Stern

Peter Corey

James S Don

Andre Nicholas Poulis

Georgia Skevofilax

Steven Zalewski

TIPS

LEGAL TERMS

SETOFF

401(K) PLAN

CREDIT BUREAU

LIMITED PARTNERSHIP

DISCHARGE (OF DEBTS)

CREDIT COUNSELING

BANKRUPTCY TRUSTEE

REDEMPTION

WINDING UP

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