Ocean Beach 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 Peter Brooke

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Bankruptcy & Debt, Divorce & Family Law, Foreclosure, Wills & Probate, Real Estate

My law firm is a full-service practice specializing in the areas of bankruptcy, foreclosure defense, mortgage/loan modifications as well as other area... (more)

FREE CONSULTATION

CONTACT

800-576-3140

85 W. Main Street, Bay Shore, NY 11706

Paul Roman Decarlo

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

175 W Main St, Babylon, NY 11702

Ralph Angelo Somma

Wrongful Termination, Employment Discrimination, Employee Rights, Bankruptcy & Debt

Status:

CONTACT

175 W Main St, Babylon, NY 11702

Bennett Ross Shelsky

Business, Residential Real Estate, Divorce & Family Law, Contract, Commercial Bankruptcy

Status: Licensed: 30 Years

CONTACT

1 John St, Babylon, NY 11702

Kevin J. Werner

Litigation, Divorce & Family Law, DUI-DWI, Bankruptcy

Status:

CONTACT

120 4th Ave, Bay Shore, NY 11706

Raymond Charles Baierlein

Commercial Real Estate, Litigation, Criminal, Bankruptcy & Debt

Status: Licensed: 28 Years

CONTACT

85 W Main St, Bay Shore, NY 11706

Lisa Kim Gordon

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

53 Gibson St, Bay Shore, NY 11706

Karen Marie Sheehan

Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

53 Gibson St, Bay Shore, NY 11706

Alan Michael Schlissel

Estate, Business, Bankruptcy & Debt

Status: Licensed: 28 Years

CONTACT

85 W Main St, Bay Shore, NY 11706

Shawn A. Spielberg

Other, Traffic, Government, Bankruptcy

Status: Licensed: 16 Years

CONTACT

53 Gibson St, Bay Shore, NY 11706

800-814-6700

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800-943-8690

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LEGAL TERMS

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

Ocean Beach Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Peter Brooke

Paul Roman Decarlo

Ralph Angelo Somma

Bennett Ross Shelsky

Kevin J. Werner

Raymond Charles Baierlein

Lisa Kim Gordon

Karen Marie Sheehan

Alan Michael Schlissel

Shawn A. Spielberg

TIPS

LEGAL TERMS

GUARANTEED RESERVATION

CREDIT INSURANCE

FRATERNAL BENEFIT SOCIETY BENEFITS

WORKOUT

LIEN

UNDUE HARDSHIP

CURRENT MONTHLY INCOME

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDIT FILE

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