Jericho 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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Scott R. Schneider

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Bankruptcy & Debt, Immigration

My name is Scott R. Schneider, and I'm committed to bringing more than two decades of bankruptcy law experience to help you unburden yourself if you a... (more)

FREE CONSULTATION

CONTACT

800-725-7891

117 Broadway, Hicksville, NY 11801

Jeffrey Edward Litman

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Accident & Injury, Bankruptcy & Debt, Criminal, Estate

Eugene Litman, Esq. established Litman & Litman, P.C. in 1958. Eugene raised his four sons with aspirations that they would join him in the legal prof... (more)

CONTACT

516-353-1500

5 Bering Ct., Woodbury, NY 11797

Richard S. Feinsilver

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Real Estate, Bankruptcy, Bankruptcy & Debt

Your Long Island Bankruptcy Lawyer - 25 yrs exp.

Over the past 25 years, lawyer Richard Feinsilver has represented in excess of 6,000 clients in the prosecution of consumer and business bankruptcy pr... (more)

FREE CONSULTATION

CONTACT

800-977-1321

One Old Country Road, Carle Place, NY 11514

James S Don

Administrative Law, Dispute Resolution, Bankruptcy, Corporate

Status:

CONTACT

380 North Broadway, Jericho, NY 11753

David S. Zeidman, Esq

Divorce & Family Law, Consumer Bankruptcy, Residential Real Estate

Status: Licensed: 50 Years

CONTACT

16 Donald Dr., Syosset, NY 11791

Alan Curtis Stein

Lawsuit & Dispute, Employment, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 31 Years

FREE CONSULTATION

CONTACT

7600 Jericho Tpke, Woodbury, NY 11797

Douglas M Lieberman

Arbitration, Criminal, Collection, Animal Bite, Real Estate

Status: Licensed: 39 Years

CONTACT

115 N Broadway, Hicksville, NY 11801

Dennis Steven Malen

General Practice

Status: Licensed: 57 Years

CONTACT

123 Frost St, Old Westbury, NY 11590

Bradley T. Slover

Corporate, Contract, Business Organization, Collection

Status: Licensed: 17 Years

CONTACT

173 School St, Old Westbury, NY 11590

Howard D. Weisinger

Real Estate, Criminal, Bankruptcy, Bankruptcy & Debt, Industry Specialties

Status: Licensed: 38 Years

CONTACT

393 Old Country Rd, Carle Place, NY 11514

800-814-6700

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

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Jericho Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott R. Schneider

Jeffrey Edward Litman

Richard S. Feinsilver

James S Don

David S. Zeidman, Esq

Alan Curtis Stein

Douglas M Lieberman

Dennis Steven Malen

Bradley T. Slover

Howard D. Weisinger

TIPS

LEGAL TERMS

WINDING UP

CREDIT COUNSELING

PRIORITY DEBT

PREFERENCE

LOSS DAMAGE WAIVER (LDW)

IRS EXPENSES

CHAPTER 7 BANKRUPTCY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

REDEMPTION

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