Williston Park Bankruptcy & Debt Lawyer, New York, page 4

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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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Ralph Jules Reissman

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

Status: In Good Standing Licensed: 40 Years

CONTACT

1 West St, Mineola, NY 11501

Mary Jane Sclafani

Industry Specialties, Business, Bankruptcy & Debt

Status: Inactive Licensed: 45 Years

CONTACT

1539 Franklin Ave, Mineola, NY 11501

Jennifer L. Feingold

International, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

262 Old Country Rd, Mineola, NY 11501

Joyce Annette Smith

Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

262 Old Country Rd, Mineola, NY 11501

Scott Adam Steinberg

Commercial Real Estate, Corporate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

190 Willis Ave, Mineola, NY 11501

Robbie Leon Vaughn

Real Estate, White Collar Crime, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

393 Jericho Tpke, Mineola, NY 11501

Sandra R. Farber

Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

393 Jericho Tpke, Mineola, NY 11501

Brian Stephan Devery

Foreclosure, Estate Planning, Business, Bankruptcy

Status: In Good Standing

CONTACT

393 Jericho Turnpike, Mineola, NY 11501

Marianne Janine Gallipoli

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

235 Emory Rd, Mineola, NY 11501

Elisa Strassler Rosenthal

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

1188 Willis Ave, Albertson, NY 11507

800-923-0641

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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Williston Park Bankruptcy & Debt Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ralph Jules Reissman

Mary Jane Sclafani

Jennifer L. Feingold

Joyce Annette Smith

Scott Adam Steinberg

Robbie Leon Vaughn

Sandra R. Farber

Brian Stephan Devery

Marianne Janine Gallipoli

Elisa Strassler Rosenthal

TIPS

LEGAL TERMS

CREDITOR

HOUSEHOLDER

FRATERNAL BENEFIT SOCIETY BENEFITS

SETOFF

DISPOSABLE INCOME

LIABILITY

LOSS DAMAGE WAIVER (LDW)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDIT BUREAU

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