Marilla 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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Derek Akiwumi

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Accident & Injury, Criminal, Divorce & Family Law, Estate, Bankruptcy & Debt

Derek Akiwumi, representing clients throughout WNY, has a proven reputation for getting the results you need. From criminal defense, appeals, and pers... (more)

CONTACT

800-711-9031

300 International Dr, Buffalo, NY 14221

Thomas A. Steffan

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

13132 Main St, Alden, NY 14004

Michelle Claudine Marans

Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

20 Lawrence Bell Dr, Buffalo, NY 14221

Denis A. Kitchen

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

Status:

CONTACT

8899 Main St, Buffalo, NY 14221

Joseph Edward Demarco

Lending, Business, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Jonathan Edward Staehr

Power of Attorney, Landlord-Tenant, Traffic, Litigation, Bankruptcy

Status: Licensed: 23 Years

CONTACT

336 Harris Hill Road, Buffalo, NY 14221

Todd Alan Morth

Consumer Bankruptcy, Credit & Debt, Bankruptcy Litigation

Status: Licensed: 26 Years

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Mark E. Lewis

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 35 Years

CONTACT

4550 Harris Hill Rd, Buffalo, NY 14221

Daniel Ryan Dahl

Lawsuit & Dispute, International, Government, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

6467 Main Street, Buffalo, NY 14221

James Carlton Thoman

Sports, Banking & Finance, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

140 Pearl St, Buffalo, NY 14224

800-923-0641

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LEGAL TERMS

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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).

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Marilla Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Derek Akiwumi

Thomas A. Steffan

Michelle Claudine Marans

Denis A. Kitchen

Joseph Edward Demarco

Jonathan Edward Staehr

Todd Alan Morth

Mark E. Lewis

Daniel Ryan Dahl

James Carlton Thoman

TIPS

LEGAL TERMS

IRS EXPENSES

INTEREST

COLLATERAL

WORKOUT

401(K) PLAN

AUTOMATIC STAY

ADMINISTRATIVE EXPENSES

C CORPORATION

CREDIT REPORT

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