Kaser Bankruptcy & Debt Lawyer, New York, page 2

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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
2. E-mail
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7. Profile

Joshua N. Bleichman

Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

117 S Main St, Spring Valley, NY 10977

Desiree Venicia De Moya

Divorce, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing

CONTACT

163 S Main St, New City, NY 10956

Garry M. Bolnick

Lawsuit & Dispute, Family Law, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

151 N Main St, New City, NY 10956

Keith Lane Miller

Criminal, Bankruptcy, Car Accident

Status: In Good Standing Licensed: 43 Years

CONTACT

New City, NY 10956

Richard J. Feinberg

International, Family Law, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 56 Years

CONTACT

254 S Main St, New City, NY 10956

Harvey Stephen Barr

Bankruptcy & Debt, Bankruptcy, Collection

Status: In Good Standing

CONTACT

80 Red Schoolhouse Road, Spring Valley, NY 10977

Lawrence Albert Cline

Real Estate, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

44 Lafayette Ave., Suffern, NY 10901

R. Spencer Lauterbach

Corporate, Workout, Household Mold, Trusts

Status: In Good Standing

CONTACT

151 North Main Street, New City, NY 10956

Michael Profita

Litigation, Environmental Law Other, Employee Rights, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

80 Red Schoolhouse Rd, Spring Valley, NY 10977

Jonathan Hook

Industry Specialties, Bankruptcy & Debt

Status: In Good Standing

CONTACT

178 Route 59, Suffern, NY 10952

800-923-0641

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LEGAL TERMS

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.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

Kaser Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joshua N. Bleichman

Desiree Venicia De Moya

Garry M. Bolnick

Keith Lane Miller

Richard J. Feinberg

Harvey Stephen Barr

Lawrence Albert Cline

R. Spencer Lauterbach

Michael Profita

Jonathan Hook

TIPS

LEGAL TERMS

UNDUE HARDSHIP

TRUTH IN LENDING ACT (TILA)

UNSECURED DEBT

AUTOMATIC STAY

GARNISHMENT

PRESUMED ABUSE

WINDING UP

SETOFF

CREDIT FILE

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