Queens County, NY Workout 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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Deborah Ellen Eddy

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

DEBORAH D. EDDY has practiced personal injury and transactional law for over 25 years. She is a member of the CT, NY, NJ, CA and District of Columbia ... (more)

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212-459-1800

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Yakov Mushiyev

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Accident & Injury

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800-785-5280

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Nicolette Argyropoulos

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Accident & Injury

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718-777-1777

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James Joseph Galleshaw

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Accident & Injury, Car Accident

Premier Legal Services on a First Name Basis

As a Senior Trial Attorney in the King’s County District Attorney’s Office, Mr. Galleshaw prosecuted hundreds of felony and misdemeanor cases in N... (more)

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718-843-0300

10815 Crossbay Blvd, Ozone Park, NY 11417

Gehi & Associates

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Immigration, Asylum, Deportation, Divorce, Bankruptcy

An Internationally Renowned Law Firm Based in New York. We handle immigration cases in the United States and all over the world.

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718-263-5999

74-09, 37th Avenue, Suite 205,, Jackson Heights, NY 11372

Terri Beth Kalker

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Traffic, Trucking, Misdemeanor, Felony

I have been successfully defending motorists accused of all types of moving violations. Regardless of the charge, we realize it is important to you an... (more)

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718-793-1900

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Lawrence Caruso Glynn

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Lawsuit & Dispute, Industry Specialties, Business, Accident & Injury

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Stuart Birbach

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Criminal, Wills & Probate

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212-764-2468

118-35 Queens Blvd, Forest Hills, NY 11375

Keith A. Gilman

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Personal Injury, Estate, Real Estate, Criminal, Car Accident

Keith Gilman grew up in Queens County, New York. He attended Hunter College High School in Manhattan, where he lettered in baseball and bowling. Mr. G... (more)

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718-459-6200

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Margot L. Ludlam

Litigation, Living Wills, Estate Administration, Wills & Probate

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CONTACT

215-48 Jamaica Avenue, Queens Village, NY 11428

800-923-0641

Free Help: Use This Form or Call 800-943-8690

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800-943-8690

Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

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.

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.

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.

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.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

DISCHARGE (OF DEBTS)

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

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Queens County, NY Workout Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Deborah Ellen Eddy

Yakov Mushiyev

Nicolette Argyropoulos

James Joseph Galleshaw

Gehi & Associates

Terri Beth Kalker

Lawrence Caruso Glynn

Stuart Birbach

Keith A. Gilman

Margot L. Ludlam

TIPS

LEGAL TERMS

CREDIT INSURANCE

MEETING OF CREDITORS

CURRENT MONTHLY INCOME

FRAUDULENT TRANSFER

AUTOMATIC STAY

CREDIT COUNSELING

FAIR CREDIT REPORTING ACT (FCRA)

SOLE PROPRIETORSHIP

DISCHARGE (OF DEBTS)

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