Islip Terrace Collection 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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John Mark Sciandra

Collection

Status: Licensed: 8 Years

CONTACT

400 Carleton Ave, Central Islip, NY 11722

Edward L. Zelmanow

Insurance, Contract, Collection, Bankruptcy & Debt

Status:

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

David Chaim Rothman

Criminal, Corporate, Collection, Bankruptcy

Status: Licensed: 10 Years

CONTACT

1787 Veterans Memorial Hwy, Islandia, NY 11749

Paul John Klemm

Civil Rights, Business, Collection, Bankruptcy, Credit & Debt

Status: Licensed: 26 Years

CONTACT

1787 Veterans Highway, Islandia, NY 11749

Krista Marie Rose

Collection, Bankruptcy

Status: Licensed: 11 Years

CONTACT

1787 Veterans Memorial Highway, Islandia, NY 11749

Keith Harvey Rothman

Real Estate, Government, Collection, Bankruptcy

Status: Licensed: 49 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Jacqueline Ann Lazar

Collection, Bankruptcy

Status: Licensed: 12 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Eric Samuel Pillischer

Real Estate, Collection, Bankruptcy

Status: Licensed: 34 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Bryan Frank Lewis

Lawsuit & Dispute, Collection

Status:

CONTACT

1 Ca Plaza, Islandia, NY 11749

Frank Rothman

Lawsuit & Dispute, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

800-814-6700

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800-943-8690

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

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LEGAL TERMS

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

CCCS

See Consumer Credit Counseling Service.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

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.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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Islip Terrace Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Mark Sciandra

Edward L. Zelmanow

David Chaim Rothman

Paul John Klemm

Krista Marie Rose

Keith Harvey Rothman

Jacqueline Ann Lazar

Eric Samuel Pillischer

Bryan Frank Lewis

Frank Rothman

TIPS

LEGAL TERMS

INTEREST

SETOFF

CCCS

NUISANCE FEES

PREFERENCE

NONPROFIT CORPORATION

LIMITED PARTNERSHIP

HOUSEHOLDER

DEBT COLLECTOR

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