Morristown Reorganization 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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Mindy E. McDermott

Workers' Compensation, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

602 State Street, Ogdensburg, NY 13669

Mahlon Thompson Clements

General Practice

Status: In Good Standing Licensed: 65 Years

CONTACT

912 Main St, Morristown, NY 13664

Arik G. Turner

Tax, International Tax, Gift Taxation

Status: In Good Standing Licensed: 22 Years

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3217 County Route 6, Hammond, NY 13646

Rafael Angel Olazagasti

Family Law, Criminal, Personal Injury

Status: In Good Standing Licensed: 27 Years

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316 Main Street, Morristown, NY 13664

George E. Silver

General Practice

Status: In Good Standing Licensed: 55 Years

CONTACT

69 Riverview St, Morristown, NY 13664

Molly E Clough

Litigation, Criminal, Corporate, Personal Injury, Car Accident

Status: In Good Standing Licensed: 28 Years

CONTACT

927 E David St, Ogdensburg, NY 13669

Alice J. Carrothers

Litigation, Social Security -- Disability, Corporate, Personal Injury, Car Accident

Status: In Good Standing Licensed: 33 Years

CONTACT

927 E David St, Ogdensburg, NY 13669

Preston C. Carlisle

Estate Planning, Medical Malpractice, Personal Injury, Real Estate, Workers' Compensation

Status: In Good Standing Licensed: 64 Years

CONTACT

602 State St, Ogdensburg, NY 13669

Lloyd G. Grandy

Landlord-Tenant, Employment, Medical Malpractice, Accident & Injury

Status: In Good Standing

CONTACT

602 State St, Ogdensburg, NY 13669

Preston C. Carlisle

Divorce & Family Law

Status: In Good Standing Licensed: 64 Years

CONTACT

602 State St, Ogdensburg, NY 13669

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LEGAL TERMS

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.

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.

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.

FCRA

See Fair Credit Reporting Act.

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.

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.

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.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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Morristown Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mindy E. McDermott

Mahlon Thompson Clements

Arik G. Turner

Rafael Angel Olazagasti

George E. Silver

Molly E Clough

Alice J. Carrothers

Preston C. Carlisle

Lloyd G. Grandy

Preston C. Carlisle

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LEGAL TERMS

BULK SALES LAW

WORKOUT

ACCORD AND SATISFACTION

FCRA

TOXIC TORT

UNSECURED DEBT

FRATERNAL BENEFIT SOCIETY BENEFITS

DISPOSABLE INCOME

ADMINISTRATIVE EXPENSES

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