Mount Marion 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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George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce

Status: In Good Standing

CONTACT

243 Wall Street, Kingston, NY 12401

Ariadne Santiago Montare

Real Estate, Litigation, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

Rhinebeck, NY 12572

Brian Juran

Bankruptcy & Debt, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

654 Aaron Ct, Kingston, NY 12401

Chester George Krom

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 54 Years

CONTACT

86 Elmendorf St, Kingston, NY 12401

Daniel Gartenstein

Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

Kingston, NY 12402

Edmund Arthur Kavanagh

Estate Planning, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 54 Years

CONTACT

255 Fair St, Kingston, NY 12402

Felicia Raphael

Bankruptcy, Family Law, Commercial Real Estate, Federal Appellate Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Felicia S. Raphael

Bankruptcy, Family Law, Commercial Real Estate, Federal Appellate Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Felicia Raphael

General Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Franklyn J. Engel

Foreclosure, Criminal, Consumer Protection, Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

13 Streamside Ter, Woodstock, NY 12498

800-923-0641

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LEGAL TERMS

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

CREDIT FILE

See credit report.

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.

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Mount Marion Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George W. Redder

Ariadne Santiago Montare

Brian Juran

Chester George Krom

Daniel Gartenstein

Edmund Arthur Kavanagh

Felicia Raphael

Felicia S. Raphael

Felicia Raphael

Franklyn J. Engel

TIPS

LEGAL TERMS

SETOFF

ADMINISTRATIVE EXPENSES

BANKRUPTCY TRUSTEE

COSIGNER

NO-FAULT INSURANCE

CREDIT COUNSELING

UNSECURED DEBT

CREDIT FILE

401(K) PLAN

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