Williston Park Bankruptcy & Debt Lawyer, New York, page 3

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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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Arthur Christopher Schupbach

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

22 Jericho Tpke, Mineola, NY 11501

Michael Dominic Pavone

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

22 Jericho Tpke, Mineola, NY 11501

Paul R. Williams

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

22 Jericho Tpke, Mineola, NY 11501

Lori Golombek

Motor Vehicle, Criminal, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 42 Years

CONTACT

114 Old Country Rd, Mineola, NY 11501

Michael Alan Borg

Real Estate, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status:

CONTACT

1565 Franklin Ave, Mineola, NY 11501

Gayle Alicia Rosen

Lawsuit & Dispute, Social Security, Business, Credit & Debt

Status: Licensed: 29 Years

CONTACT

94 Willis Ave, Mineola, NY 11501

Madeline Carol Mullane

Litigation, Elder Law, Business & Trade, Bankruptcy

Status: Licensed: 12 Years

CONTACT

15Th & West Streets, Mineola, NY 11501

Alexander Daniel Zeltser

Business, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

1527 Franklin Ave, Mineola, NY 11501

Ralph Jules Reissman

Real Estate, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

1 West St, Mineola, NY 11501

Mary Jane Sclafani

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

1539 Franklin Ave, Mineola, NY 11501

800-814-6700

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800-943-8690

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

TRADE NAME

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

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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Williston Park Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur Christopher Schupbach

Michael Dominic Pavone

Paul R. Williams

Lori Golombek

Michael Alan Borg

Gayle Alicia Rosen

Madeline Carol Mullane

Alexander Daniel Zeltser

Ralph Jules Reissman

Mary Jane Sclafani

TIPS

LEGAL TERMS

FORBEARANCE

TRADE NAME

DISPOSABLE INCOME

CHAPTER 13 BANKRUPTCY

CREDIT REPORT

BANKRUPTCY TRUSTEE

DOING BUSINESS AS (DBA)

CURRENT MONTHLY INCOME

NO-FAULT INSURANCE

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