Schoharie County, NY Reorganization Lawyers, 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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Not enough matches for Schoharie Reorganization lawyer.
Below are all Schoharie lawyers.

Craig T. Morlang

Real Estate, Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

125 Granite Dr, Cobleskill, NY 12043

Suzanne Hayner Graulich

Divorce & Family Law

Status: In Good Standing Licensed: 31 Years

CONTACT

Cobleskill, NY 12043

Zachary Taylor West

General Practice

Status: In Good Standing Licensed: 12 Years

CONTACT

2668 State Route 7, Cobleskill, NY 12043

Susan Jean Mallery

Divorce & Family Law

Status: In Good Standing Licensed: 31 Years

CONTACT

Cobleskill, NY 12043

James Lee Sacket

General Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

Schoharie, NY 12157

Michael Shalvoy Lynch

General Practice

Status: In Good Standing Licensed: 56 Years

CONTACT

304 Mallon Rd, Fultonham, NY 12071

Carmencita Bruno

General Practice

Status: In Good Standing Licensed: 16 Years

CONTACT

Howes Cave, NY 12092

Roger H. Mallery

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

Status: In Good Standing Licensed: 69 Years

CONTACT

Cobleskill, NY 12043

Brendan O'Donnell

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

150 State Route 30A, Schoharie, NY 12157

David Lapinel

General Practice

Status: In Good Standing Licensed: 37 Years

CONTACT

County Office Building, Schoharie, NY 12157

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

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

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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.

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.

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Schoharie County, NY Reorganization Lawyers, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Craig T. Morlang

Suzanne Hayner Graulich

Zachary Taylor West

Susan Jean Mallery

James Lee Sacket

Michael Shalvoy Lynch

Carmencita Bruno

Roger H. Mallery

Brendan O'Donnell

David Lapinel

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

REAFFIRMATION

CURRENT MONTHLY INCOME

FRAUDULENT TRANSFER

S CORPORATION

AUTOMATIC STAY

CHAPTER 13 PLAN

GENERAL PARTNER

ACCORD AND SATISFACTION

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