Middle Island Collection 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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Dennis Francis Dowd

Family Law, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

671 Montauk Hwy, Bayport, NY 11705

Krista Elaine Siederman

Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

1176 Portion Rd, Holtsville, NY 11742

Stephen C. Giametta

Criminal, Estate, Elder Law, Real Estate, Collection

Status: In Good Standing Licensed: 22 Years

FREE CONSULTATION

CONTACT

1001 Hawkins Ave, Lake Grove, NY 11755

Richard Andrew Jacoby

DUI-DWI, Collection, Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Ernest John Cannava

Wrongful Termination, Collection

Status: In Good Standing Licensed: 54 Years

CONTACT

15 Avery Way, Patchogue, NY 11772

Marc Andrew Kramer

Employment Discrimination, Family Law, Corporate, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

70 Medford Ave, Patchogue, NY 11772

Brian Brendan Mulholland

Collection, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

71 Champlain St, Port Jefferson Station, NY 11776

Maria Christine Ambrosio

Immigration, Family Law, Consumer Rights, Collection

Status: In Good Standing Licensed: 38 Years

CONTACT

21 Annandale Rd, Stony Brook, NY 11790

800-923-0641

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800-943-8690

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LEGAL TERMS

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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Middle Island Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Dennis Francis Dowd

Krista Elaine Siederman

Stephen C. Giametta

Richard Andrew Jacoby

Ernest John Cannava

Marc Andrew Kramer

Brian Brendan Mulholland

Maria Christine Ambrosio

TIPS

LEGAL TERMS

MEANS TEST

FRAUDULENT TRANSFER

NO-FAULT INSURANCE

C CORPORATION

TRUTH IN LENDING ACT (TILA)

WINDING UP

SUBROGATION

GUARANTOR

ABUSE

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