Oswego County, NY Workout Lawyers

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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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Not enough matches for Oswego Workout lawyer.
Below are all Oswego lawyers.

Sharon A. Sutter

Real Estate

Status: In Good Standing Licensed: 34 Years

CONTACT

15 Lakeshore Dr, Constantia, NY 13044

Courtney Suzanne Radick

Education, Real Estate, Lawsuit, Immigration, DUI-DWI

Status: In Good Standing

CONTACT

26 E Oneida St, Oswego, NY 13126

Paul Lloyd Pelky

Real Estate, Federal Trial Practice, Corporate, Personal Injury

Status: Retired

CONTACT

26 East Oneida Street, Oswego, NY 13126

Diego Lebaudy

General Practice

Status: In Good Standing Licensed: 23 Years

CONTACT

94 E Bridge St, Oswego, NY 13126

Gloria Flores Baldwin

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing

CONTACT

28 West Bridge Street, Oswego, NY 13126

Kimberly A. Steele

Corporate, Lawsuit & Dispute, Real Estate, Banking & Finance

Status: In Good Standing

CONTACT

949 County Route 53, Oswego, NY 13126

Mary A. Felasco

Employee Rights, Divorce & Family Law, DUI-DWI

Status: In Good Standing Licensed: 40 Years

CONTACT

151 N 2Nd St, Fulton, NY 13069

Salvatore F. Lanza

Other, Real Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 40 Years

CONTACT

154 S 2Nd St, Fulton, NY 13069

Anthony J. Dimartino

General Practice

Status: In Good Standing Licensed: 34 Years

CONTACT

28 W Bridge St, Oswego, NY 13126

Timothy J. Fennell

Landlord-Tenant, Estate, Divorce, Child Custody

Status: In Good Standing

CONTACT

26 E Oneida St, Oswego, NY 13126

800-923-0641

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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Oswego County, NY Workout Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Sharon A. Sutter

Courtney Suzanne Radick

Paul Lloyd Pelky

Diego Lebaudy

Gloria Flores Baldwin

Kimberly A. Steele

Mary A. Felasco

Salvatore F. Lanza

Anthony J. Dimartino

Timothy J. Fennell

TIPS

LEGAL TERMS

REDEMPTION

HOUSEHOLDER

COSIGNER

ADMINISTRATIVE EXPENSES

PRIORITY DEBT

PREFERENCE

LIMITED PARTNERSHIP

DISCHARGEABLE DEBTS

CHAPTER 13 BANKRUPTCY

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