Huntington Station Bankruptcy & Debt Lawyer, New York, page 5

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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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Lawrence Alan Levine

Commercial Real Estate, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 51 Years

CONTACT

445 Broadhollow Rd, Melville, NY 11747

Leslie Hanna Tayne

International Tax, Banking & Finance, Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

135 Pinelawn Rd, Melville, NY 11747

Craig Scott Roberts

Lawsuit & Dispute, Employee Rights, Employment, Bankruptcy & Debt

Status: In Good Standing

CONTACT

58 S Service Rd, Melville, NY 11747

Garrett Patrick Hopkins

Divorce, Criminal, Credit & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

68 S Service Rd, Melville, NY 11747

Gary Bernard Sachs

Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 54 Years

CONTACT

509 Verona Dr, Melville, NY 11747

Ilene J. Behar

International, Divorce, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

588 Bardini Dr, Melville, NY 11747

David Andrew Brown

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

225 Broadhollow Rd, Melville, NY 11747

Paul E. Levitt

Employment, Family Law, Contract, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

445 Broadhollow Rd, Melville, NY 11747

Ryan Michael Blitz

Bankruptcy

Status: In Good Standing

CONTACT

734 Walt Whitman Rd, Melville, NY 11747

Richard Michael Sheridan

Government, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 24 Years

CONTACT

150 Broadhollow Rd, Melville, NY 11747

800-923-0641

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800-943-8690

Free Help: Use This Form or Call 800-943-8690

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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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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Huntington Station Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Lawrence Alan Levine

Leslie Hanna Tayne

Craig Scott Roberts

Garrett Patrick Hopkins

Gary Bernard Sachs

Ilene J. Behar

David Andrew Brown

Paul E. Levitt

Ryan Michael Blitz

Richard Michael Sheridan

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LEGAL TERMS

CREDIT BUREAU

PRIORITY DEBT

ACCORD AND SATISFACTION

FRATERNAL BENEFIT SOCIETY BENEFITS

LIEN

HOUSEHOLDER

GRACE PERIOD

NONPROFIT CORPORATION

ADMINISTRATIVE EXPENSES

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