Margaretville Bankruptcy & Debt Lawyer, New York, page 3

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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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Joseph Wilson Coburn

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

Status: Licensed: 45 Years

CONTACT

Pine Bush, NY 12566

Kevin A. Moss

Criminal, Traffic, Credit & Debt, Personal Injury

Status: Licensed: 52 Years

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462 Bond Rd, Altamont, NY 12009

Lanny Earl Walter

Real Estate Other, Wills & Probate, Bankruptcy

Status: Licensed: 54 Years

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301 Van Vlierden Rd, Saugerties, NY 12477

Marvin Robert Birnbaum

International, Business, Bankruptcy & Debt

Status: Licensed: 24 Years

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8 Locust Ln, New Paltz, NY 12561

Matthew Thomas Dunn

Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 22 Years

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260 Fair St, Kingston, NY 12401

Melissa April Manna-Williams

Health Care, Estate, Civil & Human Rights, Bankruptcy

Status: Licensed: 15 Years

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1390 Route 9W, Marlboro, NY 12542

Melvin Thomas Higgins

Real Estate, Child Support, Banking & Finance, Bankruptcy

Status: Licensed: 53 Years

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195 Wall St, Kingston, NY 12401

Michael Alan Brush

Family Law, Divorce & Family Law, Criminal, Collection

Status: Licensed: 57 Years

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14 Reynolds Ave, Oneonta, NY 13820

Michael Nelson Chamberlain

General Practice

Status: Licensed: 44 Years

CONTACT

Kerhonkson, NY 12446

Mitchell Harvey Spinac

Bankruptcy, Divorce & Family Law, Child Custody, Divorce

Status: Licensed: 45 Years

CONTACT

325 Wall St, Kingston, NY 12401

800-923-0641

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LEGAL TERMS

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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).

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.

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.

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.

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.

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.

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Margaretville Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joseph Wilson Coburn

Kevin A. Moss

Lanny Earl Walter

Marvin Robert Birnbaum

Matthew Thomas Dunn

Melissa April Manna-Williams

Melvin Thomas Higgins

Michael Alan Brush

Michael Nelson Chamberlain

Mitchell Harvey Spinac

TIPS

LEGAL TERMS

GUARANTOR

SECURED DEBT

NONEXEMPT PROPERTY

LIEN

WORKOUT

PRIORITY DEBT

NO-FAULT INSURANCE

NUISANCE FEES

ACCORD AND SATISFACTION

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