Oneida County, NY Workout 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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Louis T. Brindisi

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Accident & Injury, Car Accident, Workers' Compensation, Lawsuit & Dispute

Louis T. Brindisi was born in Utica, New York in 1934 and has lived here for the entirety of his life, having attended grammar schools and high school... (more)

FREE CONSULTATION

CONTACT

800-701-5871

2713 Genesee St, Utica, NY 13501

Mark Ottavio Chieco

Criminal, DUI-DWI, Felony, Misdemeanor, Expungement

CONTACT

315-623-1704

610 Charlotte St, Utica, NY 13501

George E Curtis

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

2045 Genesee Street, Utica, NY 13501

Anthony J. Brindisi

Accident & Injury, Medical Malpractice, Personal Injury, Litigation

Status: In Good Standing

FREE CONSULTATION

CONTACT

2713 Genesee Street, Utica, NY 13501

Eva Brindisi Pearlman

Criminal, Bad Faith Insurance, Defamation & Slander, Animal Bite

Status: In Good Standing

FREE CONSULTATION

CONTACT

2713 Genesee Street, Utica, NY 13501

Keith A. Eisenhut

Family Law, Banking & Finance, Wills & Probate, Collaborative Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

1602 Sunset Ave, Utica, NY 13502

Robert F. Julian

Wrongful Death, Personal Injury, Car Accident, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

2037 Genesee Street, Utica, NY 13502

Anthony A. Murad

Real Estate, Personal Injury, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

2713 Genesee Street, Utica, NY 13501

Richard Pertz

Products Liability, Pharmaceutical Product, Medical Malpractice, Animal Bite

Status: In Good Standing

FREE CONSULTATION

CONTACT

2713 Genesee Street, Utica, NY 13501

Stephanie A. Palmer

Products Liability, Pharmaceutical Product, Medical Malpractice, Professional Malpractice

Status: In Good Standing

FREE CONSULTATION

CONTACT

2713 Genesee Street, Utica, NY 13501

800-923-0641

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800-943-8690

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LEGAL TERMS

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

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.

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.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

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Oneida County, NY Workout Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Louis T. Brindisi

Mark Ottavio Chieco

George E Curtis

Anthony J. Brindisi

Eva Brindisi Pearlman

Keith A. Eisenhut

Robert F. Julian

Anthony A. Murad

Richard Pertz

Stephanie A. Palmer

TIPS

LEGAL TERMS

LIMITED LIABILITY

FAIR LABOR STANDARDS ACT (FLSA)

REPOSSESSION

DISPOSABLE INCOME

C CORPORATION

SOLE PROPRIETORSHIP

UNDUE HARDSHIP

DEBIT CARD

WORKOUT

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