Massapequa Park 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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John Weber

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Bankruptcy & Debt, Real Estate, Estate, Credit & Debt, Collection

With the singular focus of individual Bankruptcy Law, we bring a collective effort to delivering personalized and effective representation to each of ... (more)

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CONTACT

800-910-2530

PO box 866, Amityville, NY 11701

James D. Murtha

Landlord-Tenant, Credit & Debt, Copyright

Status: In Good Standing

CONTACT

4940 Merrick Rd, Massapequa Park, NY 11762

Catherine Nicole Jones-Hankins

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

Status: In Good Standing Licensed: 11 Years

CONTACT

4940 Merrick Rd, Massapequa Park, NY 11762

Robert J Cristiano

Civil & Human Rights, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

124 Front St, Massapequa Park, NY 11762

Julio Ceasar Galarza

Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

5020 Sunrise Hwy, Massapequa Park, NY 11762

Amanda Rose Lamberson

Internet, Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

5201 Merrick Rd, Massapequa, NY 11758

Richard N. Abrahams

Landlord-Tenant, Trusts, Employment, Collection

Status: In Good Standing Licensed: 60 Years

CONTACT

166 Southgate Cir, Massapequa Park, NY 11762

Dennis J. Mcgrath

Foreclosure, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 8 Years

CONTACT

567 Broadway, Massapequa, NY 11758

Robert James Shanahan

Landlord-Tenant, Real Estate, Wills & Probate, Estate, Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

686 Broadway, Massapequa, NY 11758

Michael M Iannuzzi

Credit & Debt

Status: In Good Standing

CONTACT

23 Westminster St, Massapequa, NY 11758

800-923-0641

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LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

FCRA

See Fair Credit Reporting Act.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

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Massapequa Park Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Weber

James D. Murtha

Catherine Nicole Jones-Hankins

Robert J Cristiano

Julio Ceasar Galarza

Amanda Rose Lamberson

Richard N. Abrahams

Dennis J. Mcgrath

Robert James Shanahan

Michael M Iannuzzi

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LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

FCRA

S CORPORATION

FRATERNAL BENEFIT SOCIETY BENEFITS

MEANS TEST

SUBROGATION

TOXIC TORT

GENERAL PARTNER

LIMITED LIABILITY

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