Middlesex 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 Anthony Polimeni

Natural Resources, Contract, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 38 Years

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540 S Main St, Canandaigua, NY 14424

Patrick J. Cooney

Real Estate, Environmental Law, Employment, Bankruptcy

Status: In Good Standing Licensed: 50 Years

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23 Coach St, Canandaigua, NY 14424

Patrick J. Conklin

Alimony & Spousal Support, Child Support, Consumer Bankruptcy, Farms

Status: In Good Standing Licensed: 20 Years

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20 Ontario St, Canandaigua, NY 14424

Patrick J. Conklin

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

Status: In Good Standing Licensed: 20 Years

CONTACT

20 Ontario St, Canandaigua, NY 14424

Susan S. Cooney

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

Status: In Good Standing Licensed: 52 Years

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70 N Main St, Canandaigua, NY 14424

David G. Linger

Other, Real Estate, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

Geneva, NY 14456

Peter Olav Einset

Government, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

116 William St, Geneva, NY 14456

Michael Joseph Roulan

Real Estate, Lawsuit & Dispute, Estate, Criminal, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

407 S Main St, Geneva, NY 14456

John Francis Leyden

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

Wayland, NY 14572

Vanessa Hanks

Immigration, Contract, Credit & Debt, Collection

Status: In Good Standing

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Farmington, NY 14425

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

FCBA

See Fair Credit Billing Act.

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.

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.

TRADE NAME

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

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Middlesex Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Anthony Polimeni

Patrick J. Cooney

Patrick J. Conklin

Patrick J. Conklin

Susan S. Cooney

David G. Linger

Peter Olav Einset

Michael Joseph Roulan

John Francis Leyden

Vanessa Hanks

TIPS

LEGAL TERMS

WINDING UP

REDEMPTION

DEBT COLLECTOR

CREDIT INSURANCE

FRAUDULENT TRANSFER

FCBA

SUBROGATION

PRESUMED ABUSE

TRADE NAME

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