South Bethlehem Bankruptcy & Debt Lawyer, New York

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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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Adam Alvarez

Real Estate, Government, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

279 Troy Rd, Rensselaer, NY 12144

Andrea Celli

Bankruptcy

Status: Suspended Licensed: 35 Years

CONTACT

100 State St, Albany, NY 12207

Anthony Leopoldo Polizzi

Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

110 State St, Albany, NY 12236

Anthony Yudd

Bankruptcy

Status: In Good Standing

CONTACT

Albany, NY 12201

Barbara A. Whipple

Other, Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

284 State St, Albany, NY 12210

Brian J. Mccann

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

Washington Ave, Albany, NY 12227

Brian J. Mccann

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

Washington Ave, Albany, NY 12227

Caitlin Donovan

Lawsuit & Dispute, Child Custody, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

677 Broadway, Albany, NY 12207

Charles Terry Kriss

Landlord-Tenant, Wills & Probate, Employment Discrimination, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

350 Northern Blvd, Albany, NY 12204

Christopher James Dewitt

Federal Appellate Practice, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

20 Hurst Ave, Albany, NY 12208

800-923-0641

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LEGAL TERMS

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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 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.

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

LIQUIDATING PARTNER

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

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South Bethlehem Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Adam Alvarez

Andrea Celli

Anthony Leopoldo Polizzi

Anthony Yudd

Barbara A. Whipple

Brian J. Mccann

Brian J. Mccann

Caitlin Donovan

Charles Terry Kriss

Christopher James Dewitt

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LEGAL TERMS

SUBROGATION

MEANS TEST

CHAPTER 13 BANKRUPTCY

COLLECTION AGENCY

LIMITED PARTNERSHIP

CREDITOR

ACCORD AND SATISFACTION

CHAPTER 7 BANKRUPTCY

LIQUIDATING PARTNER

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