Jordan 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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Anthony R. Hanley

Litigation, Trusts, Bankruptcy & Debt

Status: Suspended Licensed: 30 Years

CONTACT

600 Onondaga Savings Bank Bd, Syracuse, NY 13202

Briana Kristine Fundalinski

Lawsuit & Dispute, Civil & Human Rights, Business, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

100 Madison St, Syracuse, NY 13202

Camille Wolnik Hill

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

1 Lincoln Ctr, Syracuse, NY 13202

Camille Hill

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

1 Lincoln Ctr, Syracuse, NY 13202

Catherine A. Diviney

Health Care, Environmental Law Other, Business, Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

100 Madison St, Syracuse, NY 13202

Charles Joseph Sullivan

Litigation, Corporate, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

1 Lincoln Ctr, Syracuse, NY 13202

Christina Marie Verone Juliano

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 16 Years

CONTACT

5786 Widewaters Pkwy, Syracuse, NY 13214

Christina Marie Juliano

Lawsuit & Dispute, Environmental Law Other, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 16 Years

CONTACT

100 Madison Street, Syracuse, NY 13202

Cora Ann Alsante

Estate, Environmental Law Other, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 35 Years

CONTACT

100 Madison St, Syracuse, NY 13202

Daniel B. Berman

Litigation, Lawsuit & Dispute, Environmental Law Other, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

100 Madison St, Syracuse, NY 13202

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

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.

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.

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).

FCBA

See Fair Credit Billing 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.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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Jordan Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony R. Hanley

Briana Kristine Fundalinski

Camille Wolnik Hill

Camille Hill

Catherine A. Diviney

Charles Joseph Sullivan

Christina Marie Verone Juliano

Christina Marie Juliano

Cora Ann Alsante

Daniel B. Berman

TIPS

LEGAL TERMS

WORKOUT

FRAUDULENT TRANSFER

PRIORITY DEBT

CURRENT MONTHLY INCOME

CREDIT REPORT

FCBA

LIMITED PARTNERSHIP

ABUSE

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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