Rockaway Park 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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Andrew Borsen

Bankruptcy

Status: In Good Standing

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1400 Avenue Z, Brooklyn, NY 11235

Diane McFadin

Corporate, Employment, Credit & Debt, White Collar Crime

Status: In Good Standing

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11 Broadway, New York, NY 10004

Martin Wolf

International Other, Litigation, Bankruptcy, Medical Malpractice

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2917 Avenue J, Brooklyn, NY 11210

Alyssa Held

Accident & Injury, Workers' Compensation, Social Security, Bankruptcy & Debt

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6920 Bay Parkway, Brooklyn, NY 11204

Brian Figeroux

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Family Law

Status: In Good Standing

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1105 Nostrand Avenue, Brooklyn, NY 11225

Igor Meystelman

Family Law, Bankruptcy, Litigation, Intellectual Property, Credit & Debt

Status: In Good Standing Licensed: 14 Years

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445 Central Avenue, Cedarhurst, NY 11516

Brian Keith Payne

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

Status: In Good Standing Licensed: 38 Years

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314 Bay 14Th St, Brooklyn, NY 11214

Jacqueline Torchin Carey

Criminal, Divorce & Family Law, Bankruptcy & Debt, Securities Fraud

Status: In Good Standing Licensed: 34 Years

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125-10 Queens Boulevard, Kew Gardens, NY 11415

Elaine Kaplansky

Commercial Real Estate, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 26 Years

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2038 86Th St, Brooklyn, NY 11214

David A, Zelman

Accident & Injury, Criminal, Bankruptcy, Police Misconduct

Status: Retired Licensed: 26 Years

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709 Eastern Pkwy, Brooklyn, NY 11213

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.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

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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Rockaway Park Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew Borsen

Diane McFadin

Martin Wolf

Alyssa Held

Brian Figeroux

Igor Meystelman

Brian Keith Payne

Jacqueline Torchin Carey

Elaine Kaplansky

David A, Zelman

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LEGAL TERMS

401(K) PLAN

NO-FAULT INSURANCE

DISCHARGEABLE DEBTS

REDEMPTION

BULK SALES LAW

UNDUE HARDSHIP

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CURRENT MONTHLY INCOME

LIQUIDATING PARTNER

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