East Meadow Bankruptcy & Debt Lawyer, New York, page 5

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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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Steven Dennis Dreyer

Tax, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

1305 Franklin Ave, Garden City, NY 11530

Michael B. Green

General Practice

Status: In Good Standing Licensed: 27 Years

CONTACT

Seaford, NY 11783

Richard Alan Auerbach

Consumer Rights, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

500 N Broadway, Jericho, NY 11753

David Alexander Antwork

Civil Rights, Business, Complex Litigation, Commercial Bankruptcy

Status: In Good Standing

CONTACT

526 Rxr Plaza, Uniondale, NY 11556

Louis A. Scarcella

Real Estate, Litigation, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

1320 Rxr Plz, Uniondale, NY 11556

Donald Jay Schwartz

Commercial Bankruptcy, Commercial Real Estate, Corporate, Partnerships

Status: Inactive Licensed: 51 Years

CONTACT

333 Earle Ovington Blvd, Uniondale, NY 11553

Bruce David Mael

Business & Trade, Banking & Finance, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

100 Garden City Plaza, Garden City, NY 11530

Hal Lance Rose

Bankruptcy, Landlord-Tenant, Civil Rights, Business

Status: In Good Standing

CONTACT

2159 Hillside Avenue, Bellmore, NY 11710

Katuria E. D'Amato

Land Use & Zoning, Corporate, Commercial Bankruptcy, Legal Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

114 Old Country Rd, Mineola, NY 11501

Robert Donald Nosek

Litigation, Collection, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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.

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.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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East Meadow Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven Dennis Dreyer

Michael B. Green

Richard Alan Auerbach

David Alexander Antwork

Louis A. Scarcella

Donald Jay Schwartz

Bruce David Mael

Hal Lance Rose

Katuria E. D'Amato

Robert Donald Nosek

TIPS

LEGAL TERMS

FCRA

PRESUMED ABUSE

GUARANTEED RESERVATION

LIMITED LIABILITY

ABUSE

CURRENT MONTHLY INCOME

MEETING OF CREDITORS

401(K) PLAN

LOSS DAMAGE WAIVER (LDW)

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