Union Hill 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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Jennifer Lee Montante Vigneri

Wills, Estate Planning, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

1828 Penfield Rd, Penfield, NY 14526

Peter John Glennon

Litigation, Aviation, Commercial Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

The Glennon Law Firm, P.C., Rochester, NY 14625

Steven Edward Feder

Landlord-Tenant, Lawsuit & Dispute, Estate, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

2040 E Ridge Rd, Rochester, NY 14622

Barry H. Sternberg

Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

216 Crossfield Rd, Rochester, NY 14609

L. Paul Kehoe

Mediation, Arbitration, Trademark, Bankruptcy

Status: In Good Standing

CONTACT

300 Linden Oaks, Rochester, NY 14625

Amanda Blair Lawrence

Trademark, Criminal, Business & Trade, Bankruptcy

Status: In Good Standing

CONTACT

300 Linden Oaks, Rochester, NY 14625

Ingrid Christine Palermo

Other, Real Estate, Intellectual Property, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

350 Linden Oaks, Rochester, NY 14625

Claire Fraze Galbraith

Employee Rights, Securities, Bankruptcy, Household Mold, Trusts

Status: In Good Standing Licensed: 13 Years

CONTACT

350 Linden Oaks, Rochester, NY 14625

Mark Francis Viencek

Landlord-Tenant, Credit & Debt, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 36 Years

CONTACT

290 Linden Oaks Lowr 1st, Rochester, NY 14625

Ernest Daniel Santoro

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 56 Years

CONTACT

290 Linden Oaks, Rochester, NY 14625

800-923-0641

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LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FCBA

See Fair Credit Billing Act.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

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.

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Union Hill Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jennifer Lee Montante Vigneri

Peter John Glennon

Steven Edward Feder

Barry H. Sternberg

L. Paul Kehoe

Amanda Blair Lawrence

Ingrid Christine Palermo

Claire Fraze Galbraith

Mark Francis Viencek

Ernest Daniel Santoro

TIPS

LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

GENERAL PARTNER

TRADE NAME

GRACE PERIOD

MEANS TEST

FCBA

SOLE PROPRIETORSHIP

UNDUE HARDSHIP

401(K) PLAN

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