Lawrence Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

x
Click For More Info:

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
3. Refer
5. Visit:
6. Website
7. Profile

Elliot Scott Schlissel

✓ VERIFIED

Divorce & Family Law, Criminal, Real Estate, Wills & Probate, Bankruptcy & Debt

I am available to help my clients 7 days a week.

The Law Offices of Schlissel DeCorpo is composed of attorneys and paralegals who are caring, dedicated professionals contributing experience and exper... (more)

FREE CONSULTATION

CONTACT

800-718-3171

479 Merrick Rd, Lynbrook, NY 11563

Adam L. Rosen

Real Estate, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

500 Merrick Rd, Rockville Centre, NY 11570

Adam Jon Fishbein

Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

735 Central Ave, Woodmere, NY 11598

Alan Evan Marder

Collection, Bankruptcy & Debt

Status: In Good Standing

CONTACT

406 Oceanfront, Long Beach, NY 11561

Allison Diana Polesky

Consumer Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

99 W Hawthorne Ave, Valley Stream, NY 11580

Antoinette I Pugliese

Litigation, Elder Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

381 Mulry Ln, Lawrence, NY 11559

Avinoam Cohen

Immigration, Divorce & Family Law, DUI-DWI, Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

11 Sunrise Plaza, Valley Stream, NY 11580

Bryan Gordon

Real Estate, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

70 E Sunrise Hwy, Valley Stream, NY 11581

Christal A. Cammock

Divorce & Family Law, Immigration, Estate, Bankruptcy & Debt, Business

Status: In Good Standing Licensed: 5 Years

FREE CONSULTATION

CONTACT

70 E Sunrise Hwy, Valley Stream, NY 11581

David M. Lira

Employment, Collection, Landlord-Tenant

Status: In Good Standing Licensed: 43 Years

FREE CONSULTATION

CONTACT

700 Shore Rd, Long Beach, NY 11561

800-923-0641

Free Help: Use This Form or Call 800-943-8690

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

LEGAL TERMS

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Lawrence Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Elliot Scott Schlissel

Adam L. Rosen

Adam Jon Fishbein

Alan Evan Marder

Allison Diana Polesky

Antoinette I Pugliese

Avinoam Cohen

Bryan Gordon

Christal A. Cammock

David M. Lira

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

CURRENT MONTHLY INCOME

PRIORITY DEBT

GARNISHMENT

ACCORD AND SATISFACTION

BULK SALES LAW

GRACE PERIOD

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

DISPOSABLE INCOME

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS

Lawyer.com Legal Protection Plan

Premium Membership

Additional Services

Resources

My Account Details