Oneida County, NY Reorganization Lawyers, page 2

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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
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Not enough matches for Oneida Reorganization lawyer.
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Christopher J. Kalil

Administrative Law, Motor Vehicle, Corporate, Business Organization

Status: In Good Standing

FREE CONSULTATION

CONTACT

1602 Sunset Ave, Utica, NY 13502

Waddie N. Kalil

Litigation, Divorce, Child Custody, Divorce & Family Law, Child Support

Status: In Good Standing

FREE CONSULTATION

CONTACT

1602 Sunset Ave, Utica, NY 13502

William P. Schmitt

Lawsuit & Dispute, State and Local, Government, Divorce & Family Law

Status: In Good Standing

CONTACT

1508 Genesee St., Utica, NY 13502

Bartle J. Gorman

Civil Rights, Insurance, Personal Injury, Products Liability

Status: In Good Standing

CONTACT

1508 Genesee St., Utica, NY 13502

Christopher Jude Pelli

Traffic, Criminal, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 25 Years

FREE CONSULTATION

CONTACT

3 Derbyshire Place, Utica, NY 13501

Dean L. Gordon

Divorce & Family Law, Real Estate, Estate, Immigration, Business

Status: In Good Standing Licensed: 49 Years

CONTACT

91 Genesee St, New Hartford, NY 13413

Stuart Eliot Finer

Business, Real Estate, Securities Fraud , Business Organization, Construction

Status: In Good Standing Licensed: 52 Years

CONTACT

510 Bleecker St., Utica, NY 13501

Peter W. Hobaica

Estate Planning, Criminal, Bankruptcy, Personal Injury, Medical Malpractice

Status: In Good Standing Licensed: 40 Years

CONTACT

2045 Genesee St, Utica, NY 13501

Peter M. Hobaica

Criminal, Personal Injury, Medical Malpractice, Animal Bite, Accident & Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

2045 Genesee St, Utica, NY 13501

Michael G. Putter

Farms, Collaborative Law, Child Support, Adoption

Status: In Good Standing Licensed: 49 Years

CONTACT

8703 Turin Rd, Rome, NY 13442

800-923-0641

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

Oneida County, NY Reorganization Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christopher J. Kalil

Waddie N. Kalil

William P. Schmitt

Bartle J. Gorman

Christopher Jude Pelli

Dean L. Gordon

Stuart Eliot Finer

Peter W. Hobaica

Peter M. Hobaica

Michael G. Putter

TIPS

LEGAL TERMS

MEETING OF CREDITORS

SOLE PROPRIETORSHIP

PREFERENCE

NONDISCHARGEABLE DEBTS

AUTOMATIC STAY

BANKRUPTCY

DISCHARGE (OF DEBTS)

ABUSE

FDCPA

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