Tomkins Cove Bankruptcy & Debt 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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Andrew William Hammond

Lawsuit & Dispute, Intellectual Property, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

22 Law Road, Briarcliff Manor, NY 10510

John Stephen Sillings

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

30 Meadow Rd, Briarcliff Manor, NY 10510

Michael Joseph Nordlicht

Business, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

555 Pleasantville Rd, Briarcliff Manor, NY 10510

Andrew W. Hammond

Lawsuit & Dispute, Intellectual Property, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

22 Law Road, Briarcliff Manor, NY 10510

Paul Nicholas Weber

Industry Specialties, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

Cornwall, NY 12518

Jay Wolf Ungerman

Bankruptcy

Status: Inactive Licensed: 63 Years

CONTACT

136 Grand Street, Croton On Hudson, NY 10520

Jason Lloyd Stern

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

420 S Riverside Ave, Croton On Hudson, NY 10520

Lori G. Feldman

Litigation, Employment Discrimination, Civil Rights, Securities, Consumer Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

102 Half Moon Bay Dr, Croton On Hudson, NY 10520

John Balch Mcbride

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

1 Croton Point Ave, Croton On Hudson, NY 10520

Alan F. Steiner

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

Status: In Good Standing Licensed: 52 Years

CONTACT

1036 Old Albany Post Rd, Garrison, NY 10524

800-923-0641

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LEGAL TERMS

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

CCCS

See Consumer Credit Counseling Service.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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Tomkins Cove Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew William Hammond

John Stephen Sillings

Michael Joseph Nordlicht

Andrew W. Hammond

Paul Nicholas Weber

Jay Wolf Ungerman

Jason Lloyd Stern

Lori G. Feldman

John Balch Mcbride

Alan F. Steiner

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LEGAL TERMS

LIABILITY

BANKRUPTCY TRUSTEE

CCCS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CHAPTER 7 BANKRUPTCY

COSIGNER

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FRAUDULENT TRANSFER

LIQUIDATING PARTNER

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