Irvington 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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Agnes C. Atadika

Other, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

50 Main St, White Plains, NY 10606

Ailene Josephine Quan

Bankruptcy & Debt

Status: Inactive Licensed: 16 Years

CONTACT

1 Central Ave, Tarrytown, NY 10591

Alex Sid Talesnick

Banking & Finance, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

50 Main St, White Plains, NY 10606

Alexander Maclean Jeffrey

Credit & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

399 Knollwood Rd, White Plains, NY 10603

Allan Theodore Cannon

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 67 Years

CONTACT

47 Brewster Rd, Scarsdale, NY 10583

Andrew Harris Kulak

Estate, Lawsuit & Dispute, Real Estate, Commercial Bankruptcy, Elder Law

Status: In Good Standing Licensed: 45 Years

CONTACT

300 Hamilton Ave, White Plains, NY 10601

Angela Dee Williams

Employment, Religious Discrimination, Commercial Bankruptcy, Household Mold, Nursing Home

Status: In Good Standing Licensed: 15 Years

CONTACT

7 Skyline Dr, Hawthorne, NY 10532

Ashley Akiva Klein

Mass Torts, Litigation, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

570 Taxter Rd, Elmsford, NY 10523

Barry Neil Seidel

Lawsuit & Dispute, Health Care, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

81 Main St, White Plains, NY 10601

Barry L. Mendelson

Corporate, Litigation, Collection, Real Estate

Status: In Good Standing

CONTACT

One Water Street, White Plains, NY 10601

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

CREDIT FILE

See credit report.

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.

FCRA

See Fair Credit Reporting Act.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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Irvington Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Agnes C. Atadika

Ailene Josephine Quan

Alex Sid Talesnick

Alexander Maclean Jeffrey

Allan Theodore Cannon

Andrew Harris Kulak

Angela Dee Williams

Ashley Akiva Klein

Barry Neil Seidel

Barry L. Mendelson

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LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

WORKOUT

GUARANTEED RESERVATION

CREDIT FILE

S CORPORATION

FCRA

MEANS TEST

CURRENT MONTHLY INCOME

SOLE PROPRIETORSHIP

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