Niagara County, NY Reorganization Lawyers

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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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Not enough matches for Niagara Reorganization lawyer.
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Tricia A. Vacanti-Belter

Real Estate

Status: In Good Standing Licensed: 26 Years

CONTACT

755 Center St, Lewiston, NY 14092

Dennis Allen Clary

Accident & Injury, Social Security -- Disability, Social Security, Workers' Compensation, Wills & Probate

Status: In Good Standing Licensed: 39 Years

CONTACT

755 Center St, Lewiston, NY 14092

Edward Peter Jesella

General Practice

Status: In Good Standing Licensed: 52 Years

CONTACT

5206 Paddock Lane, Lewiston, NY 14092

Michael James Dowd

Other, Lawsuit & Dispute, Divorce, Criminal

Status: In Good Standing Licensed: 36 Years

CONTACT

920 Center St, Lewiston, NY 14092

Anne Difonzo Melzer

Tax, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1051 Upper Mountain Rd, Lewiston, NY 14092

James Prentice Hewitt

General Practice

Status: In Good Standing Licensed: 49 Years

CONTACT

757 Cayuga St, Lewiston, NY 14092

Matthew J. Murphy

General Practice

Status: In Good Standing Licensed: 47 Years

CONTACT

175 Hawley St, Lockport, NY 14094

Anthony Angelo Dimillo

Real Estate, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

16 W Main St, Lockport, NY 14094

Sara Sheldon Farkas

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

175 Hawley St, Lockport, NY 14094

Daniel E. Brick

Other, Real Estate, Government, Bankruptcy

Status: In Good Standing Licensed: 55 Years

CONTACT

91 Tremont St, Lockport, NY 14120

800-923-0641

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LEGAL TERMS

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

FCRA

See Fair Credit Reporting 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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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Niagara County, NY Reorganization Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Tricia A. Vacanti-Belter

Dennis Allen Clary

Edward Peter Jesella

Michael James Dowd

Anne Difonzo Melzer

James Prentice Hewitt

Matthew J. Murphy

Anthony Angelo Dimillo

Sara Sheldon Farkas

Daniel E. Brick

TIPS

LEGAL TERMS

BULK SALES LAW

S CORPORATION

FORBEARANCE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FCRA

SUBROGATION

DISPOSABLE INCOME

DOING BUSINESS AS (DBA)

FRAUDULENT TRANSFER

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