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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Carol A. Glick

Bankruptcy & Debt

Status: In Good Standing

CONTACT

90 Merrick Ave, East Meadow, NY 11554

Stephanie G. Ovadia

Entertainment, Collection, Medical Malpractice, Accident & Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

1576 Front St, East Meadow, NY 11554

Richard Victor Rappaport

Divorce & Family Law, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

814 Surrey Dr, East Meadow, NY 11554

Garen Mkrtchian

Real Estate, Child Custody, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

1900 Hempstead Tpke, East Meadow, NY 11554

Kim D. Victor

Litigation, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

90 Merrick Ave, East Meadow, NY 11554

Marc Scott Becker

Social Security, Workers' Compensation, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

90 Merrick Ave, East Meadow, NY 11554

David Lance Perkins

Real Estate, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

1900 Hempstead Tpke, East Meadow, NY 11554

Mel Jacoby

Accident & Injury, Bankruptcy & Debt, Criminal, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

2545 Hempstead Turnpike, East Meadow, NY 11554

Mel Jacoby

Accident & Injury, Bankruptcy & Debt, Criminal, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

2545 Hempstead Turnpike, East Meadow, NY 11554

Gerard Michael Bambrick

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

318 Carnation Ave, Floral Park, NY 11001

800-923-0641

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LEGAL TERMS

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Carol A. Glick

Stephanie G. Ovadia

Richard Victor Rappaport

Garen Mkrtchian

Kim D. Victor

Marc Scott Becker

David Lance Perkins

Mel Jacoby

Mel Jacoby

Gerard Michael Bambrick

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LEGAL TERMS

DEBT COLLECTOR

REPOSSESSION

NONPROFIT CORPORATION

BANKRUPTCY

LIEN

FORBEARANCE

CHAPTER 7 BANKRUPTCY

ABUSE

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