Auburndale 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.
1. Contact
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Jack Ira Slepian

Commercial Real Estate, Estate Planning, Business & Trade, Bankruptcy

Status: In Good Standing

CONTACT

21408 41St Ave, Bayside, NY 11361

Joseph Gillette

Real Estate, Criminal, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

21548 Jamaica Ave, Queens Village, NY 11428

Anthony Robert Mordente

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

16029 Union Tpke, Fresh Meadows, NY 11366

Peter Vito Maimone

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

12716 14Th Ave, College Point, NY 11356

Hal R. Ginsburg

Construction Liens, Complex Litigation, Arbitration, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

21548 Jamaica Ave, Queens Village, NY 11428

Sean Michael Walsh

Employee Rights, Native People, Contract, Collection

Status: In Good Standing Licensed: 51 Years

CONTACT

25010 Northern Blvd, Little Neck, NY 11362

Allan R. Bloomfield

Divorce, Consumer Protection, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

11821 Queens Blvd, Forest Hills, NY 11375

Hector Manuel Roman

Commercial Real Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 30 Years

CONTACT

108-14 Jamaica Ave, Kew Gardens, NY 11418

Joshua Lawrence Muss

Housing & Urban Development, Commercial Real Estate, Construction, Bankruptcy & Debt

Status: In Good Standing Licensed: 59 Years

CONTACT

11835 Queens Blvd, Forest Hills, NY 11375

Peter Martin Zirbes

Litigation, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

11627 Queens Blvd, Forest Hills, NY 11375

800-923-0641

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

TRADE NAME

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

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

Auburndale Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jack Ira Slepian

Joseph Gillette

Anthony Robert Mordente

Peter Vito Maimone

Hal R. Ginsburg

Sean Michael Walsh

Allan R. Bloomfield

Hector Manuel Roman

Joshua Lawrence Muss

Peter Martin Zirbes

TIPS

LEGAL TERMS

FDCPA

INTEREST

TRADE NAME

BULK SALES LAW

LIQUIDATING PARTNER

AUTOMATIC STAY

LIABILITY

COLLATERAL

FCBA

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