East Elmhurst Bankruptcy & Debt Lawyer, New York, page 5

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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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Diane Lynn Bodenstein

Litigation, Commercial Real Estate, Commercial Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

444 E 82Nd St, New York, NY 10028

William Somers Bailey

Contract, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

30 River Rd, New York, NY 10044

Juan Vera

Family Law, Criminal, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1305 Jackson Ave, Long Island City, NY 11101

Martin Caling Chow

Real Estate, Litigation, Lawsuit & Dispute, Commercial Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

41-07 162nd St, Flushing, NY 11358

J Andrew Rahl

Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

179 E. 70Th St., New York, NY 10021

Mark Arnot

Litigation, Lawsuit & Dispute, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

308 Eckford St, Brooklyn, NY 11222

Sunjae Lee

Foreclosure, Immigration, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

16310 Northern Blvd, Flushing, NY 11358

Robert Henry Scheibe

Freedom of Information, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

601 Lexington Ave, New York, NY 10022

Steven H. Levin

Commercial Real Estate, Merger & Acquisition, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

900 3Rd Ave, New York, NY 10022

Charles Bennett Rich

Land Use & Zoning, Construction, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

750 Lexington Ave, New York, NY 10022

800-923-0641

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

FCBA

See Fair Credit Billing Act.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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East Elmhurst Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Diane Lynn Bodenstein

William Somers Bailey

Juan Vera

Martin Caling Chow

J Andrew Rahl

Mark Arnot

Sunjae Lee

Robert Henry Scheibe

Steven H. Levin

Charles Bennett Rich

TIPS

LEGAL TERMS

REDEMPTION

NUISANCE FEES

LIMITED PARTNERSHIP

FORBEARANCE

FCBA

LIMITED LIABILITY

IRS EXPENSES

SECRET WARRANTY PROGRAM

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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