Star Lake 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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Mindy E. McDermott

Workers' Compensation, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing

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602 State Street, Ogdensburg, NY 13669

Krista Ann Freego

Traffic, Family Law, Child Custody, DUI-DWI

Status: In Good Standing Licensed: 17 Years

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24 Goodrich St, Canton, NY 13617

Earl B. Dunckel

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 57 Years

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5352 Summit Ave, Lowville, NY 13367

Erik Sobkiewicz

Bankruptcy & Debt

Status: Suspended Licensed: 35 Years

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17 High Street, Carthage, NY 13619

William Michael Duskas

Commercial Real Estate, Municipal, Divorce, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

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44 Court St, Canton, NY 13617

Richard C. Cummings

Real Estate, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 70 Years

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6435 E Shore Rd, Glenfield, NY 13343

Nicholas E. Fodor

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

Status: In Good Standing Licensed: 41 Years

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315 State St, Ogdensburg, NY 13669

Clarence Henry Gratto

Estate, Business, Bankruptcy & Debt

Status: Suspended Licensed: 35 Years

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3953 State Highway 37, Ogdensburg, NY 13669

Neil Tarak Bhatt

Estate, Wills & Probate, Bankruptcy & Debt, Business, Real Estate

Status: In Good Standing Licensed: 20 Years

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536 State Street, Ogdensburg, NY 13669

Karen Levan Bergman

General Practice

Status: Inactive Licensed: 23 Years

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Harrisville, NY 13648

800-923-0641

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LEGAL TERMS

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

FCBA

See Fair Credit Billing Act.

CREDIT FILE

See credit report.

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.

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.

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Star Lake Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mindy E. McDermott

Krista Ann Freego

Earl B. Dunckel

Erik Sobkiewicz

William Michael Duskas

Richard C. Cummings

Nicholas E. Fodor

Clarence Henry Gratto

Neil Tarak Bhatt

Karen Levan Bergman

TIPS

LEGAL TERMS

LIMITED LIABILITY

C CORPORATION

CHAPTER 7 BANKRUPTCY

401(K) PLAN

ADMINISTRATIVE EXPENSES

FCBA

CREDIT FILE

WORKOUT

S CORPORATION

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