Strykersville 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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Joan Casilio Adams

International Tax, Prenuptial Agreements, Family Law, Child Custody, Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

400 Essjay Rd, Buffalo, NY 14221

Harold P. Bulan

Collection

Status: Licensed: 60 Years

CONTACT

93 Hidden Ridge Commons, Buffalo, NY 14221

Donald P. Sheldon

Bankruptcy & Debt

Status: Licensed: 65 Years

CONTACT

300 International Dr, Buffalo, NY 14221

Kristen Leigh Schaub

Estate, Employee Rights, Elder Law, Bankruptcy

Status: Licensed: 14 Years

CONTACT

200 John James Audubon Pkwy, Buffalo, NY 14228

Regina A. Walker

Social Security -- Disability, Employment, Bankruptcy

Status: Licensed: 29 Years

CONTACT

300 International Dr., Buffalo, NY 14221

Jennifer Zalenski Blackhall

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

Status: Licensed: 31 Years

CONTACT

138 Barbados Dr, Buffalo, NY 14227

Courtney R. Williams

Foreclosure, Litigation, Election & Political, Bankruptcy

Status: Licensed: 10 Years

CONTACT

1775 Wehrle Dr, Buffalo, NY 14221

Jonathan Randolph Smyth

Bankruptcy & Debt

Status: Licensed: 9 Years

CONTACT

1576 Sweet Home Rd, Buffalo, NY 14228

James Carlton Thoman

Sports, Banking & Finance, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

140 Pearl St, Buffalo, NY 14224

Daniel Ryan Dahl

Lawsuit & Dispute, International, Government, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

6467 Main Street, Buffalo, NY 14221

800-814-6700

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800-943-8690

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LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

FCRA

See Fair Credit Reporting Act.

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.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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Strykersville Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joan Casilio Adams

Harold P. Bulan

Donald P. Sheldon

Kristen Leigh Schaub

Regina A. Walker

Jennifer Zalenski Blackhall

Courtney R. Williams

Jonathan Randolph Smyth

James Carlton Thoman

Daniel Ryan Dahl

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

FORBEARANCE

BANKRUPTCY TRUSTEE

FCRA

LIMITED LIABILITY

CHAPTER 13 BANKRUPTCY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

GUARANTEED RESERVATION

NO-FAULT INSURANCE

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