Queens County, NY Bankruptcy & Debt 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
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Allan R. Bloomfield

Divorce, Consumer Protection, Bankruptcy

Status: Licensed: 49 Years

CONTACT

11821 Queens Blvd, Forest Hills, NY 11375

Phillip Mahony

Foreclosure, Credit & Debt, Bankruptcy

Status:

CONTACT

2183 Steinway St, Long Island City, NY 11105

Kevin Dean Ribakove

Estate, Real Estate, Bankruptcy & Debt, Health Care, Power of Attorney

Status: Licensed: 48 Years

CONTACT

10719 71St Ave, Forest Hills, NY 11375

Rafael Ariel Poltielov

Foreclosure, Wills & Probate, Business, Bankruptcy

Status:

CONTACT

11821 Queens Blvd, Forest Hills, NY 11375

Jason Paul Sackoor

Real Estate, Foreclosure, Bankruptcy & Debt

Status:

CONTACT

19-02 Whitestone Expressway, Whitestone, NY 11357

Mahfuzur Rahman

Immigration, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury, Real Estate

Status: Licensed: 12 Years

CONTACT

75-21 Broadway, Elmhurst, NY 11373

Bruce Feinstein

Real Estate, Family Law, Divorce & Family Law, Bankruptcy

Status:

CONTACT

86-66 110th St., Richmond Hill, NY 11418

Martin Caling Chow

Real Estate, Litigation, Lawsuit & Dispute, Commercial Bankruptcy

Status: Licensed: 30 Years

CONTACT

41-07 162nd St, Flushing, NY 11358

Juan Vera

Family Law, Criminal, Civil Rights, Bankruptcy

Status: Licensed: 20 Years

CONTACT

1305 Jackson Ave, Long Island City, NY 11101

Sunjae Lee

Foreclosure, Immigration, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 10 Years

CONTACT

16310 Northern Blvd, Flushing, NY 11358

800-923-0641

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LEGAL TERMS

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CCCS

See Consumer Credit Counseling Service.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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Queens County, NY Bankruptcy & Debt Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Allan R. Bloomfield

Phillip Mahony

Kevin Dean Ribakove

Rafael Ariel Poltielov

Jason Paul Sackoor

Mahfuzur Rahman

Bruce Feinstein

Martin Caling Chow

Juan Vera

Sunjae Lee

TIPS

LEGAL TERMS

DEBIT CARD

INFRINGEMENT (OF TRADEMARK)

CCCS

NO-FAULT INSURANCE

LOSS DAMAGE WAIVER (LDW)

SECURED DEBT

PREFERENCE

GUARANTOR

LIABILITY

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PRACTICE AREAS 70