Armonk 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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Eric Justin Finkelstein

Lawsuit & Dispute, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

1 North Castle Dr, Armonk, NY 10504

Warren Scott Gottlieb

Lawsuit & Dispute, Government, Corporate, Collection

Status: In Good Standing Licensed: 28 Years

CONTACT

80 Business Park Drive, Armonk, NY 10504

Jo-Ann Theresa Lambert

Other, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

80 Business Park Drive, Armonk, NY 10504

Matthew Michael Siti

Foreclosure, Litigation, Election & Political, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

80 Business Park Dr, Armonk, NY 10504

Prassana Mahadeva

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

80 Business Park Drive, Armonk, NY 10504

Paul Francis Jenkins

Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

80 Business Park Dr, Armonk, NY 10504

Allison Elizabeth Ianni

Other, Lawsuit & Dispute, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

403 Main St, Armonk, NY 10504

Farva Jafri

Bankruptcy & Debt, Tax, Divorce, Estate Planning, White Collar Crime

Status: In Good Standing

FREE CONSULTATION

CONTACT

50 Evergreen Row, Armonk, NY 10504

Erin K. Flynn

Landlord-Tenant, Litigation, Workers' Compensation, Bankruptcy

Status: In Good Standing

CONTACT

4 New King St, West Harrison, NY 10604

Wendy Marie Weathers

Bankruptcy & Debt, Foreclosure, Wills & Probate, Landlord-Tenant

Status: In Good Standing Licensed: 28 Years

CONTACT

4 New King St, White Plains, NY 10604

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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Armonk Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Eric Justin Finkelstein

Warren Scott Gottlieb

Jo-Ann Theresa Lambert

Matthew Michael Siti

Prassana Mahadeva

Paul Francis Jenkins

Allison Elizabeth Ianni

Farva Jafri

Erin K. Flynn

Wendy Marie Weathers

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

IRS EXPENSES

REPOSSESSION

COSIGNER

DEBIT CARD

SECURED DEBT

UNDUE HARDSHIP

LIABILITY

DEFINED CONTRIBUTION PLAN

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