Suffolk County, NY Bankruptcy Lawyers

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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Steven William Stutman

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Real Estate, Consumer Bankruptcy, Wills & Probate, Bankruptcy

Steven Stutman is a practicing lawyer in the state of New York handling Real Estate and Estate matters.

FREE CONSULTATION

CONTACT

631-393-6001

535 Broadhollow Road, Melville, NY 11747

Ronald D. Weiss

Landlord-Tenant, Foreclosure, Credit & Debt, Bankruptcy

Status: Licensed: 36 Years

FREE CONSULTATION

CONTACT

734 Walt Whitman Rd, Melville, NY 11747

Michael Macco

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

The Old Post Office Unit, Riverhead, NY 11901

Panagiota Betty Tufariello

Intellectual Property, Entertainment, US Courts, Bankruptcy

Status: Licensed: 30 Years

CONTACT

25 Little Harbor Rd, Mount Sinai, NY 11766

Craig Dennison Robins

Litigation, Consumer Protection, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

35 Pinelawn Road, Melville, NY 11747

Robert Walter Dapelo

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

Status:

CONTACT

110 North Ocean Avenue, Patchogue, NY 11772

Andrew M. Doktofsky

Commercial Real Estate, Credit & Debt, Collection, Bankruptcy

Status:

CONTACT

52 Elm St, Huntington, NY 11743

Jennifer Lynn Silvestro

Litigation, Banking & Finance, Credit & Debt, Bankruptcy

Status:

CONTACT

East Quogue, NY 11942

Howard Edward Knispel

Real Estate, Trusts, DUI-DWI, Bankruptcy

Status:

CONTACT

354 Veterans Hwy, Commack, NY 11725

Frank Prestia

Corporate, Commercial Real Estate, Commercial Bankruptcy, Intellectual Property

Status: Licensed: 20 Years

CONTACT

223 Wall St, Huntington, NY 11743

800-814-6700

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800-943-8690

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LEGAL TERMS

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

CREDITOR

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

CCCS

See Consumer Credit Counseling Service.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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.'

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Suffolk County, NY Bankruptcy Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven William Stutman

Ronald D. Weiss

Michael Macco

Panagiota Betty Tufariello

Craig Dennison Robins

Robert Walter Dapelo

Andrew M. Doktofsky

Jennifer Lynn Silvestro

Howard Edward Knispel

Frank Prestia

TIPS

LEGAL TERMS

PREFERENCE

CREDITOR

CCCS

FRAUDULENT TRANSFER

PRIORITY DEBT

LOSS DAMAGE WAIVER (LDW)

ACCORD AND SATISFACTION

NUISANCE FEES

DISPOSABLE INCOME

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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PRACTICE AREAS 70