East Meadow 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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Bradley T. Slover

Corporate, Contract, Business Organization, Collection

Status: Licensed: 16 Years

CONTACT

173 School St, Old Westbury, NY 11590

Jessica Gittle Berman

Litigation, Business Organization, Reorganization, Bankruptcy & Debt

Status:

CONTACT

990 Stewart Avenue, Garden City, NY 11530

James Martin Gallagher

Consumer Bankruptcy, Wills & Probate, Personal Injury, Real Estate

Status: Licensed: 44 Years

CONTACT

2249 Derby Road (At Sunrise Highway), Baldwin, NY 11510

Douglas M Lieberman

Arbitration, Criminal, Collection, Animal Bite, Real Estate

Status: Licensed: 38 Years

CONTACT

115 N Broadway, Hicksville, NY 11801

Amanda Rose Lamberson

Litigation, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

400 Garden City Plaza, Garden City, NY 11530

Robert David Aronin

Business & Trade, Commercial Bankruptcy, Litigation

Status: Licensed: 36 Years

CONTACT

100 Garden City Plaza, Garden City, NY 11530

Paula Jeanette Mcgill

Sexual Harassment, Discrimination, Banking & Finance, Credit & Debt

Status: Licensed: 27 Years

CONTACT

1225 Franklin Ave, Garden City, NY 11530

James Pennington Truitt

Commercial Real Estate, Commercial Leasing, Commercial Insurance, Collection, Real Estate

Status: Licensed: 24 Years

CONTACT

300 Garden City Plaza, Garden City, NY 11530

Jeffrey M. Rosenblum

Bankruptcy & Debt, Tax, Estate, Lawsuit & Dispute

Status: Licensed: 50 Years

FREE CONSULTATION

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371 Merrick Road, Rockville Centre, NY 11570

Jacqueline M. Della Chiesa

Bankruptcy & Debt, Foreclosure, Credit & Debt, Litigation

Status:

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401 Franklin Avenue, Garden City, NY 11530

800-814-6700

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LEGAL TERMS

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

FCBA

See Fair Credit Billing Act.

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.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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East Meadow Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bradley T. Slover

Jessica Gittle Berman

James Martin Gallagher

Douglas M Lieberman

Amanda Rose Lamberson

Robert David Aronin

Paula Jeanette Mcgill

James Pennington Truitt

Jeffrey M. Rosenblum

Jacqueline M. Della Chiesa

TIPS

LEGAL TERMS

SUBROGATION

FCBA

GRACE PERIOD

NONPROFIT CORPORATION

WORKOUT

BANKRUPTCY TRUSTEE

TRADE NAME

IRS EXPENSES

WINDING UP

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