Smyrna 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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Theodore L. Araujo

Real Estate, Bankruptcy & Debt

Status: Licensed: 39 Years

FREE CONSULTATION

CONTACT

6739 Myers Road, EAST SYRACUSE, NY 13057

Richard G. Reilly

Bankruptcy & Debt, Divorce & Family Law, Real Estate, Tax, US Courts

Status: Licensed: 44 Years

CONTACT

6320 fly road, East Syracuse, NY 13057

Steven Richard Dolson

Administrative Law, Bankruptcy, Environmental Law, Consumer Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

6320 Fly Rd, East Syracuse, NY 13057

Lindy Madill

Bankruptcy, Credit & Debt

Status:

FREE CONSULTATION

CONTACT

499 S. Warren Street, Syracuse, NY 13202

Joel N. Melnicoff

Social Security -- Disability, Collection, Banking & Finance, Wills & Probate

Status: Licensed: 60 Years

CONTACT

622 University Ave, Syracuse, NY 13210

Susan N. Esce

Power of Attorney, Traffic, Dispute Resolution, Bankruptcy & Debt

Status:

CONTACT

10 Adler Drive, East Syracuse, NY 13057

F Paul Vellano

Commercial Real Estate, Transactions, Banking & Finance, Credit & Debt

Status:

CONTACT

125 E Jefferson St, Syracuse, NY 13202

Steven Richard Dolson

Bankruptcy, Social Security, Disability, Bankruptcy

Status:

CONTACT

126 N Salina St, Syracuse, NY 13202

Jennifer M. S. Byrne

Real Estate, Credit & Debt, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

300 South State Street, Syracuse, NY 13202

Laurence Francis Sovik

Litigation, Lawsuit & Dispute, Employment, Commercial Bankruptcy

Status: Licensed: 68 Years

CONTACT

250 S. Clinton Street, Syracuse, NY 13202

800-923-0641

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LEGAL TERMS

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

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.

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Smyrna Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Theodore L. Araujo

Richard G. Reilly

Steven Richard Dolson

Lindy Madill

Joel N. Melnicoff

Susan N. Esce

F Paul Vellano

Steven Richard Dolson

Jennifer M. S. Byrne

Laurence Francis Sovik

TIPS

LEGAL TERMS

WORKOUT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

WINDING UP

C CORPORATION

FAIR LABOR STANDARDS ACT (FLSA)

ABUSE

AUTOMATIC STAY

ADMINISTRATIVE EXPENSES

SECURED DEBT

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