Middle Grove 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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Elizabeth Lisa Fairbanks-Fletcher

Tax Litigation, Foreclosure, Divorce, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3257 Route 9, Saratoga Springs, NY 12866

Arnold B. Firestone

International, Employment Discrimination, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 65 Years

CONTACT

39 Loughberry Lake Rd, Saratoga Springs, NY 12866

Steven David Greenblatt

Lawsuit & Dispute, Wills & Probate, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

480 Broadway, Saratoga Springs, NY 12866

Ronald Joseph Kim

Employment, Criminal, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing

CONTACT

480 Broadway, Saratoga Springs, NY 12866

Robert William Pulsifer

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

Status: In Good Standing Licensed: 33 Years

CONTACT

562 Maple Ave, Saratoga Springs, NY 12866

Ronald Joseph Kim

Employee Rights, Employment, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

480 Broadway, Saratoga Springs, NY 12866

Peter Alexander Tulin

Divorce & Family Law, Criminal, Credit & Debt

Status: Suspended Licensed: 49 Years

CONTACT

Saratoga Springs, NY 12866

Chelsey Tulis Lester

Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

60 Railroad Pl, Saratoga Springs, NY 12866

Kathleen Anne Barclay

Federal Appellate Practice, Insurance, Business, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

24 Jubilee Acres Lane, Ballston Lake, NY 12020

Patricia Leonard

Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

20 Fenwick St, Ballston Lake, NY 12020

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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).

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

Middle Grove Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Elizabeth Lisa Fairbanks-Fletcher

Arnold B. Firestone

Steven David Greenblatt

Ronald Joseph Kim

Robert William Pulsifer

Ronald Joseph Kim

Peter Alexander Tulin

Chelsey Tulis Lester

Kathleen Anne Barclay

Patricia Leonard

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

MEETING OF CREDITORS

SOLE PROPRIETORSHIP

CREDIT REPORT

LIEN

NUISANCE FEES

CURRENT MONTHLY INCOME

HOUSEHOLDER

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