Morrisonville 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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Darrell L. Bowen

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

Status: In Good Standing Licensed: 42 Years

CONTACT

386 Rand Hill Rd, Morrisonville, NY 12962

John J. Balkunas

Social Security -- Disability, Personal Injury, Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

3 Duquette Rd, Cadyville, NY 12918

Lori Ann Cantwell

Lawsuit & Dispute, Civil & Human Rights, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

334 Cornelia St, Plattsburgh, NY 12901

Carolyn R. Hoffmann

Real Estate, Family Law, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

100 Court Street, Plattsburgh, NY 12901

William A. Favreau

Landlord-Tenant, Traffic, Wills & Probate, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Mark Anderson

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

Status: In Good Standing Licensed: 30 Years

CONTACT

50 Clinton Street, Plattsburgh, NY 12901

Donald Willard Biggs

Landlord-Tenant, Divorce & Family Law, Collection, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Frank G. Zappala

Bankruptcy & Debt, Social Security, Insurance, Bankruptcy, Lawsuit & Dispute

Status: In Good Standing Licensed: 34 Years

CONTACT

142 Margaret St, Plattsburgh, NY 12901

Robert Alan Kagan

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

Status: In Good Standing Licensed: 48 Years

CONTACT

Plattsburgh, NY 12901

Jessica L Miller

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

1 Cumberland Ave, Plattsburgh, NY 12901

800-923-0641

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LEGAL TERMS

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.

FDCPA

See Fair Debt Collections & Practices Act.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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Morrisonville Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Darrell L. Bowen

John J. Balkunas

Lori Ann Cantwell

Carolyn R. Hoffmann

William A. Favreau

Mark Anderson

Donald Willard Biggs

Frank G. Zappala

Robert Alan Kagan

Jessica L Miller

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

FDCPA

PRIORITY DEBT

FORBEARANCE

ADMINISTRATIVE EXPENSES

GUARANTOR

NONEXEMPT PROPERTY

LIQUIDATING PARTNER

C CORPORATION

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