Colliersville Credit & 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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Robert Lee Moore

Family Law, Corporate, Collection, Personal Injury

Status: In Good Standing Licensed: 51 Years

CONTACT

35 University Ave, Hamilton, NY 13346

Robert Lawrence Moore

Family Law, Corporate, Collection, Personal Injury

Status: In Good Standing Licensed: 51 Years

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35 University Ave, Hamilton, NY 13346

Scott Harris Oberman

Motor Vehicle, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 42 Years

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110 W Albany St, Herkimer, NY 13350

Beverley Joy Forrest

Dispute Resolution, Bankruptcy

Status: In Good Standing Licensed: 45 Years

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104 N Washington St, Herkimer, NY 13350

Karl Erik Manne

Landlord-Tenant, Wills & Probate, Collection, Bankruptcy

Status: In Good Standing

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107 Court Street, Herkimer, NY 13350

Todd Daniel Bennett

Traffic, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 33 Years

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123 Court St, Herkimer, NY 13350

G Kevin Ludlow

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

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Sauquoit, NY 13456

Edward Marshall Gartell

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 56 Years

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38 W Main St, Hancock, NY 13783

Theodore Richard Rogowski

Status: In Good Standing Licensed: 67 Years

CONTACT

1924 Beaverkill Rd, Livingston Manor, NY 12758

Edward Dunscomb Earl

Employment, Bankruptcy & Debt

Status: In Good Standing

CONTACT

46 N Park Row, Clinton, NY 13323

800-923-0641

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LEGAL TERMS

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.

CCCS

See Consumer Credit Counseling Service.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

CREDIT FILE

See credit report.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Colliersville Credit & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert Lee Moore

Robert Lawrence Moore

Scott Harris Oberman

Beverley Joy Forrest

Karl Erik Manne

Todd Daniel Bennett

G Kevin Ludlow

Edward Marshall Gartell

Theodore Richard Rogowski

Edward Dunscomb Earl

TIPS

LEGAL TERMS

WORKOUT

CCCS

BANKRUPTCY TRUSTEE

CREDIT FILE

IRS EXPENSES

S CORPORATION

FRAUDULENT TRANSFER

FORBEARANCE

CYBERSQUATTING

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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