Uniondale 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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Jason Michael Romeo

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: Licensed: 21 Years

CONTACT

415 Oak St, Bellmore, NY 11710

Scott Robert Cohen

Landlord-Tenant, Insurance, Collection, Legal Malpractice

Status:

CONTACT

1921 Bellmore Avenue, Bellmore, NY 11710

Rachel M. Hollywood

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

244 Pettit Ave, Bellmore, NY 11710

David Paul Weiss

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

406 Bedford Ave, Bellmore, NY 11710

Mark David Mensher

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

213 Bedford Ave, Bellmore, NY 11710

E. Hope Greenberg

Lawsuit & Dispute, Bankruptcy & Debt, Collection

Status: Licensed: 33 Years

CONTACT

2650 Merrick Rd, Bellmore, NY 11710

Hal Lance Rose

Bankruptcy, Landlord-Tenant, Civil Rights, Business

Status:

CONTACT

2159 Hillside Avenue, Bellmore, NY 11710

Mark S Weitz

Environmental Law Other, Securities, Business, Bankruptcy, Mass Torts

Status: Licensed: 43 Years

CONTACT

2738 Ellen Rd, Bellmore, NY 11710

Kenneth Jay Halpern

Consumer Bankruptcy, Bankruptcy Litigation, Bankruptcy

Status: Licensed: 56 Years

CONTACT

1 Old Country Rd, Carle Place, NY 11514

Carl G. Cohen

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

Status: Licensed: 64 Years

CONTACT

1 Old Country Rd, Carle Place, NY 11514

800-923-0641

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LEGAL TERMS

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.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

Uniondale Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jason Michael Romeo

Scott Robert Cohen

Rachel M. Hollywood

David Paul Weiss

Mark David Mensher

E. Hope Greenberg

Hal Lance Rose

Mark S Weitz

Kenneth Jay Halpern

Carl G. Cohen

TIPS

LEGAL TERMS

LIMITED LIABILITY

UNDUE HARDSHIP

BANKRUPTCY

DEBT COLLECTOR

GENERAL PARTNER

BULK SALES LAW

DISCHARGEABLE DEBTS

REDEMPTION

CCCS

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