Elma Collection 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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Brian R. Goodwin

Commercial Banks, Commercial Real Estate, Credit & Debt, Motor Vehicle, Collection

Status: Licensed: 21 Years

CONTACT

97 Virginia Road, Buffalo, NY 14225

Charlotte Werner-Kohler

Commercial Real Estate, Civil & Human Rights, Collection, Household Mold

Status:

CONTACT

350 Main St, Buffalo, NY 14202

Daria Lynnette Pratcher

Commercial Real Estate, Real Estate, Business & Trade, Collection

Status: Licensed: 21 Years

CONTACT

37 Franklin St, Buffalo, NY 14202

David T Stephenson

Intellectual Property, Industry Specialties, Collection, Products Liability

Status: Licensed: 20 Years

CONTACT

1150 Maple Rd, Elma, NY 14059

Gerald Chiari

Collection

Status: Licensed: 53 Years

CONTACT

1440 Rand Building, Buffalo, NY 14203

Harold P. Bulan

Collection

Status: Licensed: 60 Years

CONTACT

93 Hidden Ridge Commons, Buffalo, NY 14221

James Michael Joyce

General Practice

Status: Licensed: 38 Years

CONTACT

4733 Transit Rd, Depew, NY 14043

Jennifer Volhard Schiffmacher

Family Law, Civil Rights, Collection, Personal Injury, Criminal

Status: Licensed: 26 Years

CONTACT

2350 N Forest Rd A, Getzville, NY 14068

Joseph J. Marusak

Patent, DUI-DWI, Collection, Products Liability

Status: Licensed: 43 Years

CONTACT

69 Delaware Ave, Buffalo, NY 14202

Joseph John Terranova

Consumer Protection, Civil Rights, Collection, Household Mold

Status: Licensed: 45 Years

CONTACT

2901 Bowen Rd, Elma, NY 14059

800-814-6700

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FCBA

See Fair Credit Billing Act.

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.

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.

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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Elma Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian R. Goodwin

Charlotte Werner-Kohler

Daria Lynnette Pratcher

David T Stephenson

Gerald Chiari

Harold P. Bulan

James Michael Joyce

Jennifer Volhard Schiffmacher

Joseph J. Marusak

Joseph John Terranova

TIPS

LEGAL TERMS

AUTOMATIC STAY

DEBT COLLECTOR

ACCORD AND SATISFACTION

CHAPTER 13 PLAN

GENERAL PARTNER

FCBA

WORKOUT

PREFERENCE

S CORPORATION

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