Rock City Falls Bankruptcy & Debt Lawyer, New York

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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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Martin W. Pozefsky

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

Status: Licensed: 40 Years

CONTACT

1 Poe Ct, Ballston Lake, NY 12020

Brandi Burns

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

20 Church Ave, Ballston Spa, NY 12020

Stephen Talbot Rodriguez

Litigation, White Collar Crime, Administrative Law, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

100 West Ave, Saratoga Springs, NY 12866

David F. Devall

Divorce & Family Law, Bankruptcy, Criminal, Litigation

Status: Licensed: 47 Years

FREE CONSULTATION

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59 Franklin Stret, Saratoga Springs, NY 12866

Elizabeth Lisa Fairbanks-Fletcher

Tax Litigation, Foreclosure, Divorce, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

3257 Route 9, Saratoga Springs, NY 12866

Michael Jerry Englert

Bankruptcy

Status: Licensed: 40 Years

CONTACT

52 Franklin St, Saratoga Springs, NY 12866

Nicole Marie Roman Rodgers

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

125 High Rock Ave, Saratoga Springs, NY 12866

Kathleen Anne Barclay

Federal Appellate Practice, Insurance, Business, Bankruptcy

Status: Licensed: 20 Years

CONTACT

24 Jubilee Acres Lane, Ballston Lake, NY 12020

Patricia Leonard

Bankruptcy & Debt

Status: Licensed: 34 Years

CONTACT

20 Fenwick St, Ballston Lake, NY 12020

Ralph Michael Savage

Business, Bankruptcy

Status: Licensed: 47 Years

CONTACT

Ballston Lake, NY 12019

800-923-0641

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LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

DISCHARGE (OF DEBTS)

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

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

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.

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.

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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Rock City Falls Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Martin W. Pozefsky

Brandi Burns

Stephen Talbot Rodriguez

David F. Devall

Elizabeth Lisa Fairbanks-Fletcher

Michael Jerry Englert

Nicole Marie Roman Rodgers

Kathleen Anne Barclay

Patricia Leonard

Ralph Michael Savage

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

SECURED DEBT

DISCHARGE (OF DEBTS)

CREDIT BUREAU

TRADE DRESS

ACCORD AND SATISFACTION

UNDUE HARDSHIP

MEETING OF CREDITORS

WORKOUT

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