Sayville Collection 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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Jacqueline Ann Lazar

Collection, Bankruptcy

Status: In Good Standing Licensed: 12 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

John Mark Sciandra

Collection

Status: In Good Standing Licensed: 8 Years

CONTACT

400 Carleton Ave, Central Islip, NY 11722

Joseph Anthony Latona

Collection, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Keith Harvey Rothman

Real Estate, Government, Collection, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Krista Marie Rose

Collection, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

1787 Veterans Memorial Highway, Islandia, NY 11749

Krista Marie Rose

Collection, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

1787 Veterans Memorial Highway, Islandia, NY 11749

Krista Elaine Siederman

Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

1176 Portion Rd, Holtsville, NY 11742

Lisa Marie Tehranian

Industry Specialties, Estate, Criminal, Collection

Status: In Good Standing Licensed: 28 Years

CONTACT

330 Vanderbilt Motor Pkwy, Smithtown, NY 11788

Marc Andrew Kramer

Employment Discrimination, Family Law, Corporate, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

70 Medford Ave, Patchogue, NY 11772

Michael C Di Giaro

Collection

Status: In Good Standing Licensed: 14 Years

CONTACT

2950 Express Dr S, Islandia, NY 11749

800-923-0641

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LEGAL TERMS

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

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Sayville Collection Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jacqueline Ann Lazar

John Mark Sciandra

Joseph Anthony Latona

Keith Harvey Rothman

Krista Marie Rose

Krista Marie Rose

Krista Elaine Siederman

Lisa Marie Tehranian

Marc Andrew Kramer

Michael C Di Giaro

TIPS

LEGAL TERMS

DEBT COLLECTOR

FRAUDULENT TRANSFER

DISCHARGEABLE DEBTS

GENERAL PARTNER

PRESUMED ABUSE

ADMINISTRATIVE EXPENSES

SECURED DEBT

WINDING UP

REDEMPTION

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