Mamaroneck 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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Agnes C. Atadika

Other, Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

50 Main St, White Plains, NY 10606

Alex Sid Talesnick

Banking & Finance, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

50 Main St, White Plains, NY 10606

Allan Theodore Cannon

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 68 Years

CONTACT

47 Brewster Rd, Scarsdale, NY 10583

Andrew Paul Marks

International Tax, Employment, Civil & Human Rights, Collection

Status: Licensed: 41 Years

CONTACT

555 Theodore Fremd Ave, Rye, NY 10580

Anna R. Schwartz

Litigation, International Tax, Trademark, Collection

Status: Licensed: 29 Years

CONTACT

555 Theodore Fremd Ave, Rye, NY 10580

Atheeb Ullah Khateeb

Real Estate, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

120 Bloomingdale Road, White Plains, NY 10605

Brie A. E. Steingarten

Business, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

44 Lyncroft Road, New Rochelle, NY 10804

Bruce James Grobe

Real Estate, Intellectual Property, Government Agencies, Bankruptcy

Status: Licensed: 48 Years

CONTACT

43 Winslow Rd, White Plains, NY 10606

Bruce Bronson

Sales & Use Tax, Litigation, Business, Bankruptcy

Status:

CONTACT

600 Mamaroneck Avenue, Harrison, NY 10528

Candi J. Fulop

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

500 Mamaroneck Ave, Harrison, NY 10528

800-814-6700

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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Mamaroneck Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Agnes C. Atadika

Alex Sid Talesnick

Allan Theodore Cannon

Andrew Paul Marks

Anna R. Schwartz

Atheeb Ullah Khateeb

Brie A. E. Steingarten

Bruce James Grobe

Bruce Bronson

Candi J. Fulop

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LEGAL TERMS

COLLATERAL

GUARANTOR

GRACE PERIOD

NUISANCE FEES

CHAPTER 13 BANKRUPTCY

LIEN

FAIR LABOR STANDARDS ACT (FLSA)

DEBT COLLECTOR

ABUSE

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