West Sand Lake 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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Marc S. Ehrlich

Bankruptcy, Bankruptcy & Debt

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CONTACT

64 2nd Street, Troy, NY 12180

David Hilleary Wilder

Litigation, Arbitration, Banking & Finance, Credit & Debt

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CONTACT

39 North Pearl Street, Albany, NY 12207

Shannan Collier Krasnokutski

Arbitration, Credit & Debt, Employee Rights, Environmental Law Other

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CONTACT

39 North Pearl Street, Albany, NY 12207

E Raymond Kolarsey

Health Care Other, Life & Health, Insurance, Reorganization

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CONTACT

121 State St, Albany, NY 12207

Rosemary Weaver Mckenna

Education, Tax, Housing & Urban Development, Reorganization

Status:

CONTACT

28 2Nd St, Troy, NY 12180

Elliott F Marinstein

Construction, Business Organization, Banking & Finance, Collection, Business

Status: Licensed: 70 Years

CONTACT

22 1St St, Troy, NY 12180

Shannon De Maranville Frazier

Bankruptcy

Status:

CONTACT

20 Corporate Woods Blvd, Albany, NY 12211

Patrick F. Tedesco

Litigation, Banking & Finance, Business, Credit & Debt

Status:

CONTACT

39 North Pearl Street, Albany, NY 12207

Rhea Lee Levine

Bankruptcy, Business

Status: Licensed: 15 Years

CONTACT

270 River St, Troy, NY 12180

John D. Rodgers

Lawsuit & Dispute, Contract, Business, Bankruptcy & Debt

Status: Licensed: 44 Years

CONTACT

8 Thurlow Ter, Albany, NY 12203

800-814-6700

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LEGAL TERMS

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

LIQUIDATING PARTNER

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

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.

CREDIT FILE

See credit report.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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West Sand Lake Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Marc S. Ehrlich

David Hilleary Wilder

Shannan Collier Krasnokutski

E Raymond Kolarsey

Rosemary Weaver Mckenna

Elliott F Marinstein

Shannon De Maranville Frazier

Patrick F. Tedesco

Rhea Lee Levine

John D. Rodgers

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LEGAL TERMS

INTEREST

AUTOMATIC STAY

SUBROGATION

SECURED DEBT

PREFERENCE

LIQUIDATING PARTNER

FRATERNAL BENEFIT SOCIETY BENEFITS

CREDIT FILE

FAIR LABOR STANDARDS ACT (FLSA)

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