Whippleville 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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Thomas H. Mccann

Divorce & Family Law, Divorce & Family Law, Elder Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

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3 Morton St, Malone, NY 12953

Richard Harold Edwards

Residential Real Estate, Title Insurance, Municipal

Status: In Good Standing Licensed: 48 Years

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346 W Main St, Malone, NY 12953

Luke John Babbie

Accident & Injury, Personal Injury, Child Custody, Car Accident

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367 W Main St, Malone, NY 12953

John James Muldowney

Litigation, Insurance, Products Liability, Personal Injury

Status: In Good Standing Licensed: 36 Years

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43 Golf Course Rd, Malone, NY 12953

John J Muldowney

Litigation, Insurance, Personal Injury, Medical Malpractice

Status: In Good Standing Licensed: 36 Years

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43 Golf Course Rd, Malone, NY 12953

Aisling Margaret Mcallister

Lawsuit & Dispute, Immigration, Employment

Status: In Good Standing Licensed: 16 Years

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43 Golf Course Rd, Malone, NY 12953

Frank R. Cositore

Government

Status: In Good Standing Licensed: 34 Years

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25 Miner Rd, Malone, NY 12953

Alexander Lesyk

General Practice

Status: In Good Standing Licensed: 42 Years

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184 Finney Blvd, Malone, NY 12953

Joy Lorraine Gokey

General Practice

Status: In Good Standing Licensed: 34 Years

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34 Clay St, Malone, NY 12953

Mary Louise Mills

General Practice

Status: In Good Standing Licensed: 38 Years

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568 E Main St, Malone, NY 12953

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

FCBA

See Fair Credit Billing Act.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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Whippleville Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Thomas H. Mccann

Richard Harold Edwards

Luke John Babbie

John James Muldowney

John J Muldowney

Aisling Margaret Mcallister

Frank R. Cositore

Alexander Lesyk

Joy Lorraine Gokey

Mary Louise Mills

TIPS

LEGAL TERMS

401(K) PLAN

DISCHARGE (OF DEBTS)

LIABILITY

WORKOUT

FCBA

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

MEETING OF CREDITORS

CREDITOR

S CORPORATION

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