Rockville Centre 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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Howard H. Stein

Real Estate, Industry Specialties, Bankruptcy & Debt

Status:

CONTACT

334 Princeton Rd, Rockville Centre, NY 11570

Mitchel Kevin May

Lawsuit, Intellectual Property, Criminal, Collection

Status: Licensed: 36 Years

CONTACT

255 Merrick Rd, Rockville Centre, NY 11570

Ted Eric May

Commercial Real Estate, Business & Trade, Business, Bankruptcy

Status: Licensed: 65 Years

CONTACT

255 Merrick Rd, Rockville Centre, NY 11570

James Martin Gallagher

Consumer Bankruptcy, Wills & Probate, Personal Injury, Real Estate

Status: Licensed: 44 Years

CONTACT

2249 Derby Road (At Sunrise Highway), Baldwin, NY 11510

Douglas Garrett Tischler

Real Estate, Industry Specialties, Employment, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

108 Vincent Ave, Lynbrook, NY 11563

Ronald D. Reid

Real Estate, Bankruptcy & Debt, Dispute Resolution, Bad Faith Insurance, Banking & Finance

Status: Licensed: 29 Years

CONTACT

2425 Grand Ave, Baldwin, NY 11510

Thomas Philip Montefinise

Bankruptcy, Family Law, Criminal, Real Estate

Status: Licensed: 4 Years

CONTACT

2896 Oceanside Rd, Rockville Centre, NY 11572

Richard A. Benson

Bankruptcy

Status: Licensed: 46 Years

CONTACT

Oceanside, NY 11572

Norman M. Mendelson

Bankruptcy & Debt, Bankruptcy Litigation, Bankruptcy & Debt

Status:

CONTACT

101 Atlantic Ave, Lynbrook, NY 11563

Mark S. Cohen

Bankruptcy

Status: Licensed: 43 Years

CONTACT

338 Lester Ct, West Hempstead, NY 11552

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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Rockville Centre Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Howard H. Stein

Mitchel Kevin May

Ted Eric May

James Martin Gallagher

Douglas Garrett Tischler

Ronald D. Reid

Thomas Philip Montefinise

Richard A. Benson

Norman M. Mendelson

Mark S. Cohen

TIPS

LEGAL TERMS

COLLECTION AGENCY

FRAUDULENT TRANSFER

PRIORITY DEBT

GARNISHMENT

TOXIC TORT

MEANS TEST

CHAPTER 13 PLAN

LIMITED PARTNERSHIP

NUISANCE FEES

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