Rensselaerville Bankruptcy & Debt Lawyer, New York, 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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Michael Kurz

Government, Bankruptcy

Status: Licensed: 37 Years

CONTACT

2212 Western Ave, Guilderland, NY 12084

Stephen Francis Bailly

Other, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

15 Valleyview Dr, Albany, NY 12208

Anthony J Pietrafesa

Bankruptcy & Debt, Consumer Rights, Defect and Lemon Law, Deceptive Trade Practices, Landlord-Tenant

Status:

FREE CONSULTATION

CONTACT

1971 Western Av #181, Albany, NY 12203

Rudolph J. Meola

Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

1822 Western Ave, Albany, NY 12203

Christopher A. Priore

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 13 Years

CONTACT

200 Great Oaks Blvd, Albany, NY 12203

Richard C. Maider

Lawsuit & Dispute, Business & Trade, Bankruptcy & Debt

Status:

CONTACT

305 Westwoods Court, Schenectady, NY 12303

Michael Andrew Yood

DUI-DWI, Criminal, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 35 Years

CONTACT

26 Westlyn Ct, Albany, NY 12203

Christopher James Dewitt

Federal Appellate Practice, Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

20 Hurst Ave, Albany, NY 12208

Conor Eric Brownell

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status:

CONTACT

1 Columbia Cir, Albany, NY 12203

Erika Catherine Browne

Litigation, Civil Rights, Corporate, Commercial Bankruptcy

Status: Licensed: 19 Years

CONTACT

255 Washington Avenue Ext, Albany, NY 12205

800-814-6700

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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Rensselaerville Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Kurz

Stephen Francis Bailly

Anthony J Pietrafesa

Rudolph J. Meola

Christopher A. Priore

Richard C. Maider

Michael Andrew Yood

Christopher James Dewitt

Conor Eric Brownell

Erika Catherine Browne

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

BANKRUPTCY TRUSTEE

DEFINED CONTRIBUTION PLAN

WINDING UP

COLLECTION AGENCY

GENERAL PARTNER

AUTOMATIC STAY

UNDUE HARDSHIP

LIQUIDATING PARTNER

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