Witherbee Reorganization 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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Debra Ann Whitson

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Family Law, Divorce, Child Support, Child Custody, Divorce & Family Law

For the first half of her career, Debra Whitson was a prosecutor, and she spent the latter half specializing in Matrimonial and Family Law. She is an ... (more)

CONTACT

518-412-4111

P.O. Box 38, Elizabethtown, NY 12932

Miriam Cecile Hadden

Divorce & Family Law, Criminal, Estate, Medical Products & Devices

Status: In Good Standing Licensed: 20 Years

CONTACT

7551 Court St, Elizabethtown, NY 12932

James Lane Breen

General Practice

Status: In Good Standing Licensed: 37 Years

CONTACT

262 Elk Inn Rd, Port Henry, NY 12974

William James Potskowski

Government

Status: In Good Standing Licensed: 52 Years

CONTACT

56 College St, Port Henry, NY 12974

Charles J. Noth

General Practice

Status: In Good Standing Licensed: 50 Years

CONTACT

56 College St, Port Henry, NY 12974

William Van Zyverden

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

4421 Main St, Port Henry, NY 12974

William Van Zyverden

Traffic, Pension & Benefits, Child Custody, Criminal, Motor Vehicle

Status: In Good Standing

CONTACT

4421 Main St, Port Henry, NY 12974

Peter C. Chervin

General Practice

Status: Suspended Licensed: 57 Years

CONTACT

Bridgehampton, NY 11932

Katherine Elizabeth Mcnamara

General Practice

Status: In Good Standing

CONTACT

6595 Main St, Westport, NY 12993

William M. Finucane

Social Security, Estate, Divorce, Criminal

Status: In Good Standing Licensed: 43 Years

CONTACT

103 Hand Avenue, Elizabethtown, NY 12932

800-923-0641

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LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

CREDITOR

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

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.

CCCS

See Consumer Credit Counseling Service.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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Witherbee Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Debra Ann Whitson

Miriam Cecile Hadden

James Lane Breen

William James Potskowski

Charles J. Noth

William Van Zyverden

William Van Zyverden

Peter C. Chervin

Katherine Elizabeth Mcnamara

William M. Finucane

TIPS

LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

CREDITOR

FRATERNAL BENEFIT SOCIETY BENEFITS

CCCS

FRAUDULENT TRANSFER

DISCHARGEABLE DEBTS

NONPROFIT CORPORATION

S CORPORATION

DISPOSABLE INCOME

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