Hillsdale 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
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Ian L. Crimmins

Estate Planning, Family Law, Criminal, Collection

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FREE CONSULTATION

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18 Park Row, Chatham, NY 12037

Kevin B. Thiemann

Foreclosure, Real Estate, Government, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

1 Hudson City Ctr, Hudson, NY 12534

John Metzner Leonardson

Real Estate, Government, Estate, Bankruptcy & Debt

Status: Licensed: 48 Years

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Hudson, NY 12534

Bernhardt Karp

International, Estate, Collection

Status: Licensed: 62 Years

CONTACT

1 Hudson City Ctr, Hudson, NY 12534

Roger M. Zaitzeff

Business, Bankruptcy & Debt

Status:

CONTACT

11 Rte 25A, Stuyvesant Falls, NY 12174

Paul Stephen Johnson

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

59 South Center Street, Millerton, NY 12546

Ariadne Santiago Montare

Bankruptcy & Debt, Credit & Debt, Litigation, Real Estate, Credit & Debt

Status: Licensed: 31 Years

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Rhinebeck, NY 12572

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

CREDIT FILE

See credit report.

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.

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

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Hillsdale Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ian L. Crimmins

Kevin B. Thiemann

John Metzner Leonardson

Bernhardt Karp

Roger M. Zaitzeff

Paul Stephen Johnson

Ariadne Santiago Montare

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LEGAL TERMS

FCRA

CREDIT FILE

CURRENT MONTHLY INCOME

HOUSEHOLDER

FRAUDULENT TRANSFER

SECRET WARRANTY PROGRAM

GENERAL PARTNER

LIABILITY

MEANS TEST

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