Rochester Bankruptcy & Debt Lawyer, New York, page 3

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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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Francis M Ciardi

Landlord-Tenant, Divorce, Criminal, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

1 E Main St, Rochester, NY 14614

Agostino V. Coccia

Foreclosure, Consumer Protection, Collection, Personal Injury

Status: In Good Standing

CONTACT

One East Main Street, Rochester, NY 14614

David Scott Stern

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

45 Exchange Blvd, Rochester, NY 14614

Michael Evan Rothenberg

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

45 Exchange Blvd, Rochester, NY 14614

Thomas G Curran

Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

61 Commercial St, Rochester, NY 14614

William Elmer Brueckner

Lawsuit, Health Care Other, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1900 Bausch And Lomb Pl, Rochester, NY 14604

Gerald Beckerman

International, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 68 Years

CONTACT

45 Exchange Blvd, Rochester, NY 14614

Robert J. Kalb

Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

1 S Clinton Ave, Rochester, NY 14604

Warren B. Rosenbaum

Litigation, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 52 Years

CONTACT

1900 Bausch And Lomb Pl, Rochester, NY 14604

Paul Stephen Groschadl

Litigation, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 49 Years

CONTACT

1900 Bausch And Lomb Pl, Rochester, NY 14604

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

CCCS

See Consumer Credit Counseling Service.

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.

DISCHARGE (OF DEBTS)

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

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

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Rochester Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Francis M Ciardi

Agostino V. Coccia

David Scott Stern

Michael Evan Rothenberg

Thomas G Curran

William Elmer Brueckner

Gerald Beckerman

Robert J. Kalb

Warren B. Rosenbaum

Paul Stephen Groschadl

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LEGAL TERMS

401(K) PLAN

CCCS

CURRENT MONTHLY INCOME

DISCHARGE (OF DEBTS)

CHAPTER 7 BANKRUPTCY

LIMITED PARTNERSHIP

ACCORD AND SATISFACTION

ADMINISTRATIVE EXPENSES

NONDISCHARGEABLE DEBTS

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