Maspeth 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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Jerry C. Feuerstein

Antitrust, Bankruptcy, Corporate, Business Organization

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CONTACT

360 Lexington Avenue, New York, NY 10017

Stacy Shimony

Residential Real Estate, Landlord-Tenant, Real Estate, Bankruptcy & Debt

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CONTACT

270 Madison Avenue, New York, NY 10016

Dan Shaked

Estate Planning, Corporate, Credit & Debt, Bankruptcy

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FREE CONSULTATION

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255 West 36Th Street, New York, NY 10018

Rene S. Roupinian

Employee Rights, Class Action, Bankruptcy Litigation

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500 Fifth Avenue, New York, NY 10110

Michelle Labayen

Bankruptcy & Debt

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FREE CONSULTATION

CONTACT

600 3Rd Ave, New York, NY 10016

Edward Weissman

Corporate, Construction, Contract, Credit & Debt

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CONTACT

60 East 42nd Street, New York, NY 10165

Glenn R. Meyers

Real Estate, Bankruptcy, Personal Injury, Medical Malpractice

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FREE CONSULTATION

CONTACT

1123 Broadway, New York, NY 10001

Francis A. Ortiz

Business, Estate, Bankruptcy & Debt

Status: Licensed: 66 Years

CONTACT

3272 Steinway St, Astoria, NY 11103

John Morison Allen

Estate, Child Custody, Divorce & Family Law, Bankruptcy & Debt

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3144 43rd St, Astoria, NY 11103

Douglas Buckley

Bankruptcy

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Astoria, NY 11101

800-814-6700

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LEGAL TERMS

CREDIT FILE

See credit report.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

FCRA

See Fair Credit Reporting Act.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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Maspeth Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jerry C. Feuerstein

Stacy Shimony

Dan Shaked

Rene S. Roupinian

Michelle Labayen

Edward Weissman

Glenn R. Meyers

Francis A. Ortiz

John Morison Allen

Douglas Buckley

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LEGAL TERMS

CREDIT FILE

ADMINISTRATIVE EXPENSES

MEANS TEST

SETOFF

FCRA

DOING BUSINESS AS (DBA)

TRADE NAME

INTEREST

BANKRUPTCY

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