South Richmond Hill Reorganization 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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Rhoda Y. Andors

Administrative Law, Reorganization, Wrongful Termination, Civil Rights

Status:

CONTACT

98 Cutter Mill Road, Great Neck, NY 11021

Joseph P McGurk

Contract, Dispute Resolution, Reorganization, Advertising

Status: Licensed: 24 Years

CONTACT

350 Jay St, Brooklyn, NY 11201

Vanessa Green Spiro

Real Estate, Lending, Reorganization, Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

222 E 41st St, New York, NY 10017

Richard Hunter Engman

Reorganization, Credit & Debt, Workout

Status: Licensed: 28 Years

CONTACT

222 E 41st St, New York, NY 10017

Heather Lennox

Reorganization, Consumer Rights

Status:

CONTACT

222 East 41St Street, New York, NY 10017

Adriana Hope Foreman

Reorganization

Status: Licensed: 7 Years

CONTACT

900 3Rd Ave, New York, NY 10022

Jordan A Kroop

Corporate, Reorganization, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

780 3Rd Ave, New York, NY 10017

Kevin Eugene Roe

Reorganization

Status: Licensed: 11 Years

CONTACT

425 Lexington Ave, New York, NY 10017

Leo Muchnik

Government, Reorganization, Bankruptcy & Debt

Status: Licensed: 12 Years

CONTACT

1 Vanderbilt Ave, New York, NY 10017

Jordan A Kroop

Patent, Corporate, Reorganization, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

780 3Rd Ave, New York, NY 10017

800-923-0641

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LEGAL TERMS

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

CREDITOR

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

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

FCBA

See Fair Credit Billing Act.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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South Richmond Hill Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Rhoda Y. Andors

Joseph P McGurk

Vanessa Green Spiro

Richard Hunter Engman

Heather Lennox

Adriana Hope Foreman

Jordan A Kroop

Kevin Eugene Roe

Leo Muchnik

Jordan A Kroop

TIPS

LEGAL TERMS

MEANS TEST

LIEN

CREDITOR

PRIORITY DEBT

MEETING OF CREDITORS

FCBA

DEFINED CONTRIBUTION PLAN

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BANKRUPTCY TRUSTEE

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