Lindenhurst Bankruptcy & Debt 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 Weber

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Bankruptcy & Debt, Real Estate, Estate, Credit & Debt, Collection

With the singular focus of individual Bankruptcy Law, we bring a collective effort to delivering personalized and effective representation to each of ... (more)

FREE CONSULTATION

CONTACT

800-910-2530

PO box 866, Amityville, NY 11701

Richard F Artura

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

165 S Wellwood Ave, Lindenhurst, NY 11757

Rachel-Anne Scelfo

Real Estate, Environmental Law, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

200 Sunrise Hwy, Lindenhurst, NY 11757

Ivars Berzins

Bankruptcy & Debt, Lawsuit & Dispute, Estate, Real Estate, Wills & Probate

Status: Licensed: 60 Years

CONTACT

484 W Main St, Babylon, NY 11702

Irving Like

Real Estate, Immigration, Bankruptcy

Status: Licensed: 75 Years

CONTACT

179 Little East Neck Rd, Babylon, NY 11704

Stacy Wardle

Family Law, DUI-DWI, Elder Law, Bankruptcy

Status: Licensed: 35 Years

CONTACT

330 Broadway, Amityville, NY 11701

Glenn T. Nugent

Real Estate, Criminal, Business, Bankruptcy & Debt

Status:

CONTACT

31 Greene Ave, Amityville, NY 11701

Ralph Angelo Somma

Wrongful Termination, Employment Discrimination, Employee Rights, Bankruptcy & Debt

Status:

CONTACT

175 W Main St, Babylon, NY 11702

Paul Roman Decarlo

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

175 W Main St, Babylon, NY 11702

Bennett Ross Shelsky

Business, Residential Real Estate, Divorce & Family Law, Contract, Commercial Bankruptcy

Status: Licensed: 30 Years

CONTACT

1 John St, Babylon, NY 11702

800-923-0641

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LEGAL TERMS

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

CREDIT FILE

See credit report.

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.

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.

Lindenhurst Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Weber

Richard F Artura

Rachel-Anne Scelfo

Ivars Berzins

Irving Like

Stacy Wardle

Glenn T. Nugent

Ralph Angelo Somma

Paul Roman Decarlo

Bennett Ross Shelsky

TIPS

LEGAL TERMS

GARNISHMENT

ACCORD AND SATISFACTION

LIABILITY

PRESUMED ABUSE

CHAPTER 7 BANKRUPTCY

CREDIT FILE

SUBROGATION

LIMITED LIABILITY

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