Islip Credit & Debt Lawyer, New York

Sponsored Law Firm

x
Click For More Info:

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.
1. Contact
2. E-mail
3. Refer
5. Visit:
6. Website
7. Profile

Anadel Canale

Bankruptcy & Debt, Real Estate, Foreclosure, Accident & Injury, Credit & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

1805 5th Ave, Bay Shore, NY 11706

Cory Hal Morris

Government, Criminal, Administrative Law, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

863 Islip Ave, Central Islip, NY 11722

Jarrett Michael Behar

Credit & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

267 Carleton Ave, Central Islip, NY 11722

Glenn Alan Reichelscheimer

Estate, Wills & Probate, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing

CONTACT

283 Commack Rd, Commack, NY 11725

Howard Knispel

Divorce & Family Law, Criminal, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

354 Veterans Hwy, Commack, NY 11725

Joseph L. Fritz

Landlord-Tenant, Industry Specialties, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 52 Years

CONTACT

135 W Main St, East Islip, NY 11730

Francis J. Tubridy

Commercial Real Estate, Real Estate, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

CONTACT

330 Vanderbilt Motor Parkway, Hauppauge, NY 11788

Paul John Klemm

Civil Rights, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 26 Years

CONTACT

1787 Veterans Highway, Islandia, NY 11749

Joseph Michael Hall

Government, Civil & Human Rights, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Russell F. Moran

Landlord-Tenant, Traffic, Litigation, Advertising, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

22 Suellen Rd, Islip, NY 11751

800-923-0641

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

Call me for fastest results!
800-943-8690

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

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

LEGAL TERMS

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Islip Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anadel Canale

Cory Hal Morris

Jarrett Michael Behar

Glenn Alan Reichelscheimer

Howard Knispel

Joseph L. Fritz

Francis J. Tubridy

Paul John Klemm

Joseph Michael Hall

Russell F. Moran

TIPS

LEGAL TERMS

ABUSE

CREDIT INSURANCE

LIMITED PARTNERSHIP

CREDIT REPORT

CURRENT MONTHLY INCOME

CHAPTER 13 BANKRUPTCY

COLLECTION AGENCY

BANKRUPTCY

IRS EXPENSES

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS