Delphi Falls 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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Anthony Frank Copani

Estate Planning, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

224 Harrison St, Syracuse, NY 13202

Anthony J. Pietrafesa

Bankruptcy & Debt, Consumer Rights, Defect and Lemon Law, Deceptive Trade Practices, Bad Faith Insurance

Status: Licensed: 42 Years

CONTACT

120 E Washington St, Syracuse, NY 13202

Anthony R. Hanley

Litigation, Trusts, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

600 Onondaga Savings Bank Bd, Syracuse, NY 13202

Briana Kristine Fundalinski

Lawsuit & Dispute, Civil & Human Rights, Business, Bankruptcy

Status: Licensed: 11 Years

CONTACT

100 Madison St, Syracuse, NY 13202

Camille Hill

Business, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

1 Lincoln Ctr, Syracuse, NY 13202

Catherine A. Diviney

Health Care, Environmental Law Other, Business, Bankruptcy

Status: Licensed: 36 Years

CONTACT

100 Madison St, Syracuse, NY 13202

Charles Joseph Sullivan

Litigation, Corporate, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

1 Lincoln Ctr, Syracuse, NY 13202

Christina Marie Verone Juliano

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: Licensed: 16 Years

CONTACT

5786 Widewaters Pkwy, Syracuse, NY 13214

Christina Marie Verone Juliano

Lawsuit & Dispute, Environmental Law Other, Bankruptcy, Personal Injury

Status: Licensed: 16 Years

CONTACT

5786 Widewaters Pkwy, Syracuse, NY 13214

Clifford Forstadt

Family Law, Divorce & Family Law, Business, Bankruptcy & Debt

Status: Licensed: 50 Years

CONTACT

211 N Center St, East Syracuse, NY 13057

800-814-6700

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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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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Delphi Falls Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony Frank Copani

Anthony J. Pietrafesa

Anthony R. Hanley

Briana Kristine Fundalinski

Camille Hill

Catherine A. Diviney

Charles Joseph Sullivan

Christina Marie Verone Juliano

Christina Marie Verone Juliano

Clifford Forstadt

TIPS

LEGAL TERMS

REDEMPTION

FRATERNAL BENEFIT SOCIETY BENEFITS

PRIORITY DEBT

PREFERENCE

HOUSEHOLDER

NONPROFIT CORPORATION

NO-FAULT INSURANCE

REPOSSESSION

NONDISCHARGEABLE DEBTS

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