Auburndale 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
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Chukwudi M. Chigewe

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Immigration, Bankruptcy & Debt, Wills & Probate

Admission in NM; Immigration Matters Only in NY

Chukwudi M. Chigewe is a practicing lawyer in the state of New Mexico. Attorney Chigewe received his J.D. from the Thomas M. Cooley School of Law in 2... (more)

CONTACT

646-886-7995

94-04 218 Street, Queens Village, NY 11428

Heather Lynn Gregg

Bankruptcy, Commercial Real Estate, Condominiums, Contract

Status: In Good Standing

FREE CONSULTATION

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108-18 Queens Boulevard, Forest Hills, NY 11375

Andrew J. Luskin

Dispute Resolution, Franchising, Business Organization, Collection

Status: In Good Standing

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1010 Northern Blvd., Great Neck, NY 11021

David Schachter

Business Organization, Collection, Banking & Finance, Bad Faith Insurance

Status: In Good Standing

FREE CONSULTATION

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7409 37th Avenue, Jackson Heights, NY 11372

William A. Tauber

Bankruptcy, Business Organization, Contract, Criminal

Status: In Good Standing

FREE CONSULTATION

CONTACT

1967 Turnbull Avenue, Bronx, NY 10473

Georgette Miller

Foreclosure, Social Security, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

FREE CONSULTATION

CONTACT

61-43 186th Street, Fresh Meadows, NY 11365

Joseph C Perez

Bankruptcy & Debt, Divorce & Family Law, Real Estate

Status: In Good Standing Licensed: 37 Years

FREE CONSULTATION

CONTACT

216 Pennyfield Avenue, Bronx, NY 10465

Placidus Aguwa

Bankruptcy & Debt, Bankruptcy, Sexual Harassment, Consumer Bankruptcy

Status: In Good Standing Licensed: 28 Years

FREE CONSULTATION

CONTACT

89-44 162nd Street, Jamaica, NY 11432

Chijioke Metu

Bankruptcy & Debt, Medical Malpractice, Car Accident, Slip & Fall Accident

Status: In Good Standing Licensed: 18 Years

FREE CONSULTATION

CONTACT

89-44 162nd Street, Jamaica, NY 11432

Jacqueline Torchin Carey

Criminal, Divorce & Family Law, Bankruptcy & Debt, Securities Fraud

Status: In Good Standing Licensed: 34 Years

CONTACT

125-10 Queens Boulevard, Kew Gardens, NY 11415

800-923-0641

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LEGAL TERMS

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

Auburndale Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Chukwudi M. Chigewe

Heather Lynn Gregg

Andrew J. Luskin

David Schachter

William A. Tauber

Georgette Miller

Joseph C Perez

Placidus Aguwa

Chijioke Metu

Jacqueline Torchin Carey

TIPS

LEGAL TERMS

PREFERENCE

LIEN

MEETING OF CREDITORS

CURRENT MONTHLY INCOME

BANKRUPTCY

SECURED DEBT

TRADE NAME

PRIORITY DEBT

CREDIT FILE

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