Sullivan County, NY Reorganization 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
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Scott A Russell

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Criminal, Wills & Probate, Employee Rights, Banking & Finance

With experience serving the public as an Assistant District Attorney, prosecuting minor traffic infractions and serious felony offenses, as public def... (more)

FREE CONSULTATION

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800-305-4491

P.O. Box 622, Rock Hill, NY 12775

E. Danielle Jose-Decker

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Status: In Good Standing

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17 St. John Street, Monticello, NY 12701

Glenn Kroll

Family Law, Child Support, DUI-DWI, Real Estate

Status: In Good Standing

FREE CONSULTATION

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92 Main Street, Bloomingburg, NY 12721

Tobias A. Lake

Land Use & Zoning, Environmental Law

Status: In Good Standing

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540 Broadway, Monticello, NY 12701

Orseck

Traffic, Medical Malpractice, Real Estate

Status: In Good Standing

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1924 State Route 52, Liberty, NY 12754

Alan Stephen Deutsch

General Practice

Status: In Good Standing Licensed: 49 Years

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Amy Nagle Davidoff

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Status: In Good Standing Licensed: 21 Years

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110 Bridgeville Rd, Monticello, NY 12701

Bradford John Harris

Tax, Landlord-Tenant, Lawsuit & Dispute, Misdemeanor

Status: In Good Standing Licensed: 13 Years

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Brian Patrick Rourke

Child Custody, Divorce & Family Law, Personal Injury, Medical Malpractice

Status: In Good Standing Licensed: 26 Years

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Carl J. Silverstein

General Practice

Status: In Good Standing Licensed: 66 Years

CONTACT

Monticello, NY 12701

800-923-0641

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LEGAL TERMS

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.

COLLATERAL

Property that guarantees payment of a secured debt.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

Sullivan County, NY Reorganization Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott A Russell

E. Danielle Jose-Decker

Glenn Kroll

Tobias A. Lake

Orseck

Alan Stephen Deutsch

Amy Nagle Davidoff

Bradford John Harris

Brian Patrick Rourke

Carl J. Silverstein

TIPS

LEGAL TERMS

C CORPORATION

COLLATERAL

IRS EXPENSES

DEFINED CONTRIBUTION PLAN

MEETING OF CREDITORS

BANKRUPTCY TRUSTEE

UNDUE HARDSHIP

DOING BUSINESS AS (DBA)

CREDITOR

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