Santa Claus 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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Richard A. Kraus

Identity Theft, Consumer Protection, Credit & Debt

CONTACT

332-999-2995

60 E 42Nd St, New York, NY 10165

Joshua G. Losardo

Condominiums, Administrative Law, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

270 Madison Avenue, New York, NY 10016

Stacy Shimony

Residential Real Estate, Landlord-Tenant, Real Estate, Bankruptcy & Debt

Status: In Good Standing

CONTACT

270 Madison Avenue, New York, NY 10016

Michael J. Semack

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing

CONTACT

40 Wall Street, New York, NY 10005

Patricia L. Martin-Gibbons

Adoption, Affirmative Action, Alimony & Spousal Support, Bankruptcy

Status: In Good Standing

CONTACT

The Woolworth Building, 233 Broadway, New York, NY 10279

Zhijun Liu

Administrative Law, Asylum, Bankruptcy, Business Organization

Status: In Good Standing

CONTACT

225 Broadway, New York, NY 10007

Dan Shaked

Estate Planning, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

255 West 36Th Street, New York, NY 10018

David Ian Pankin

Workout, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

48 Willoughby St, MetroTech, Brooklyn, NY 11201

S. Stewart Smith

Administrative Law, Bankruptcy, Commercial Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

CONTACT

270 Madison Avenue, New York, NY 10016

Edward G. Baer

Condominiums, Commercial Leasing, Landlord-Tenant, Bankruptcy Litigation

Status: In Good Standing

CONTACT

270 Madison Avenue, New York, NY 10016

800-923-0641

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

LIQUIDATING PARTNER

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

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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Santa Claus Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard A. Kraus

Joshua G. Losardo

Stacy Shimony

Michael J. Semack

Patricia L. Martin-Gibbons

Zhijun Liu

Dan Shaked

David Ian Pankin

S. Stewart Smith

Edward G. Baer

TIPS

LEGAL TERMS

FCBA

LIQUIDATING PARTNER

REPOSSESSION

CHAPTER 13 PLAN

HOUSEHOLDER

LIMITED LIABILITY

SETOFF

GUARANTOR

CHAPTER 13 BANKRUPTCY

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