Canajoharie Bankruptcy & Debt Lawyer, New York, page 2

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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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Ralph Michael Savage

Business, Bankruptcy

Status: Licensed: 47 Years

CONTACT

Ballston Lake, NY 12019

Kathleen Anne Barclay

Federal Appellate Practice, Insurance, Business, Bankruptcy

Status: Licensed: 20 Years

CONTACT

24 Jubilee Acres Lane, Ballston Lake, NY 12020

Patricia Leonard

Bankruptcy & Debt

Status: Licensed: 34 Years

CONTACT

20 Fenwick St, Ballston Lake, NY 12020

Brandi Burns

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

20 Church Ave, Ballston Spa, NY 12020

Thomas Paul Hughes

Other, Immigration, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

8341 State Route 28, Barneveld, NY 13304

Roger M Mallery

Bankruptcy, Real Estate, Trusts, Wills & Probate, Child Custody

Status: Licensed: 69 Years

CONTACT

545 Main St, Cobleskill, NY 12043

Robert Willis Birch

Real Estate, Business, Bankruptcy & Debt

Status:

CONTACT

Cooperstown, NY 13326

Mario David Cometti

Real Estate, Estate Planning, Business & Trade, Consumer Bankruptcy, Family Law

Status: Licensed: 33 Years

CONTACT

Delmar, NY 12054

David M. Levine

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

Delmar, NY 12054

Joseph A. Nalli

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

Status: Licensed: 40 Years

CONTACT

121 Honey Hill Rd, Fort Plain, NY 13339

800-923-0641

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LEGAL TERMS

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

CREDITOR

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

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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Canajoharie Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ralph Michael Savage

Kathleen Anne Barclay

Patricia Leonard

Brandi Burns

Thomas Paul Hughes

Roger M Mallery

Robert Willis Birch

Mario David Cometti

David M. Levine

Joseph A. Nalli

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LEGAL TERMS

COSIGNER

GUARANTOR

401(K) PLAN

CREDITOR

MEANS TEST

FRAUDULENT TRANSFER

ACCORD AND SATISFACTION

BULK SALES LAW

GARNISHMENT

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