Livingston County, NY Reorganization Lawyers, page 3

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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
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Not enough matches for Livingston Reorganization lawyer.
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Wendy S. Sisson

General Practice

Status: In Good Standing Licensed: 27 Years

CONTACT

131 Main St, Geneseo, NY 14454

Ellen J. Coyne

General Practice

Status: In Good Standing Licensed: 36 Years

CONTACT

5780 E Lake Rd, Conesus, NY 14435

William James Kelley

Foreclosure, Defect and Lemon Law, Wrongful Termination, Child Support

Status: In Good Standing Licensed: 36 Years

CONTACT

4984 Chestnut St, Leicester, NY 14481

Margaret Graf Linsner

Lawsuit & Dispute, Government, Estate, Business

Status: In Good Standing Licensed: 33 Years

CONTACT

33 Main St, Livonia, NY 14487

Mary Kay Yanik

Government

Status: In Good Standing Licensed: 40 Years

CONTACT

22 Chapel Street, Mount Morris, NY 14510

Marcea Clark Tetamore

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

Avon, NY 14414

James Martin Dys

Lawsuit & Dispute

Status: In Good Standing Licensed: 31 Years

CONTACT

Livonia, NY 14487

Steven D. Sessler

Estate, Employment, Child Custody, Insurance

Status: In Good Standing

CONTACT

131 Main St, Geneseo, NY 14454

Bonita Jean Bauter Stubblefield

Lawsuit & Dispute

Status: In Good Standing Licensed: 30 Years

CONTACT

Piffard, NY 14533

John Marshall Lockhart

Criminal

Status: In Good Standing Licensed: 28 Years

CONTACT

6 Court St, Geneseo, NY 14454

800-923-0641

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LEGAL TERMS

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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

TRADE NAME

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

COLLATERAL

Property that guarantees payment of a secured debt.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Livingston County, NY Reorganization Lawyers, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Wendy S. Sisson

Ellen J. Coyne

William James Kelley

Margaret Graf Linsner

Mary Kay Yanik

Marcea Clark Tetamore

James Martin Dys

Steven D. Sessler

Bonita Jean Bauter Stubblefield

John Marshall Lockhart

TIPS

LEGAL TERMS

WINDING UP

WORKOUT

BULK SALES LAW

TRADE NAME

COLLATERAL

CHAPTER 13 PLAN

COSIGNER

DISCHARGEABLE DEBTS

DEFINED CONTRIBUTION PLAN

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