Irvington 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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Angela Dee Williams

Employment, Religious Discrimination, Commercial Bankruptcy, Household Mold, Nursing Home

Status: Licensed: 15 Years

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7 Skyline Dr, Hawthorne, NY 10532

Christopher D. Acosta

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: Licensed: 8 Years

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7 Skyline Dr, Hawthorne, NY 10532

Nathaniel Seth Wasserstein

Intellectual Property, Government, Business, Bankruptcy & Debt

Status: Licensed: 30 Years

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328 N Broadway, Nyack, NY 10960

James Adam Sarna

Business, Bankruptcy & Debt

Status: Licensed: 34 Years

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328 N Broadway, Nyack, NY 10960

Justin Samuel Blash

Lawsuit & Dispute, Intellectual Property, Business, Bankruptcy & Debt

Status: Licensed: 29 Years

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53 Hudson Ave, Nyack, NY 10960

Robert Jeremy Nahoum

Landlord-Tenant, Lawsuit & Dispute, Consumer Rights, Consumer Bankruptcy

Status: Licensed: 23 Years

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48 Burd Street, Nyack, NY 10960

Stanley Milton Wayne

Bankruptcy & Debt, Immigration, Visa, Family Law, Divorce & Family Law

Status: Licensed: 24 Years

FREE CONSULTATION

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231 South Boulevard, Nyack, NY 10960

Robert S. Lewis

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

Status: Licensed: 38 Years

FREE CONSULTATION

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53 Burd Street, Nyack, NY 10960

Richard John Pelliccio

International, Bankruptcy & Debt

Status: Licensed: 29 Years

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83 Baraud Rd N., Scarsdale, NY 10583

Nicole Marie Desantis

Gift Taxation, Antitrust, Business, Consumer Bankruptcy

Status: Licensed: 30 Years

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235 Garth Rd, Scarsdale, NY 10583

800-923-0641

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LEGAL TERMS

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 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.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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.

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).

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Irvington Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Angela Dee Williams

Christopher D. Acosta

Nathaniel Seth Wasserstein

James Adam Sarna

Justin Samuel Blash

Robert Jeremy Nahoum

Stanley Milton Wayne

Robert S. Lewis

Richard John Pelliccio

Nicole Marie Desantis

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

CREDIT COUNSELING

C CORPORATION

FAIR CREDIT REPORTING ACT (FCRA)

MEETING OF CREDITORS

CREDITOR

401(K) PLAN

REDEMPTION

LIEN

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