St Albans Bankruptcy & Debt Lawyer, New York, page 5

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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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Steven Thomas Hansen

Education, Dispute Resolution, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

828 Hempstead Tpke, Franklin Square, NY 11010

Loris Philmore Primus

Estate, Divorce & Family Law, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

18353 Camden Ave, Jamaica, NY 11412

Loris P. Primus

Estate, Divorce & Family Law, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

18353 Camden Ave, Jamaica, NY 11412

Philip A. Zelinger

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

12001 Guy R Brewer Blvd, Jamaica, NY 11434

Raul P. Meruelo

Divorce, Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

11835 Queens Boulevard, Forest Hills, NY 11375

Julian Lawrence Alfonso

Divorce & Family Law, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 38 Years

CONTACT

17561 Hillside Ave, Jamaica, NY 11432

Abdul Razzaq Ghuman

Real Estate, Immigration, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

16912 Hillside Ave, Jamaica, NY 11432

Christi Gelo

Immigration, Divorce & Family Law, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

15503 Jamaica Ave, Jamaica, NY 11432

Bright Dae-Jung Limm

International, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

146-08 Liberty Avenue, Jamaica, NY 11435

Zhaotong Li

Wills & Probate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

13633 37Th Ave, Flushing, NY 11354

800-923-0641

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LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

DISCHARGE (OF DEBTS)

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

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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St Albans Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven Thomas Hansen

Loris Philmore Primus

Loris P. Primus

Philip A. Zelinger

Raul P. Meruelo

Julian Lawrence Alfonso

Abdul Razzaq Ghuman

Christi Gelo

Bright Dae-Jung Limm

Zhaotong Li

TIPS

LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

REAFFIRMATION

BANKRUPTCY

DISCHARGE (OF DEBTS)

SETOFF

UNSECURED DEBT

C CORPORATION

ACCORD AND SATISFACTION

DOING BUSINESS AS (DBA)

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