Massapequa Park Collection Lawyer, New York, page 2

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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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Robert Michael Adelberg

Collection

Status: Licensed: 50 Years

CONTACT

12 Garnet Ln, Plainview, NY 11803

Ijeoma O. Nduka

Collection

Status: Licensed: 13 Years

CONTACT

51 E Bethpage Rd, Plainview, NY 11803

Lawrence James Natalie

Collection

Status: Licensed: 32 Years

CONTACT

51 East Bethpage Road, Plainview, NY 11803

Bijal K. Jani

Collection

Status: Licensed: 13 Years

CONTACT

51 East Bethpage Road, Plainview, NY 11803

Richard Lee Mendelsohn

Landlord-Tenant, Immigration, Criminal, Collection

Status: Licensed: 37 Years

CONTACT

48 Shelter Hill Rd, Plainview, NY 11803

Douglas M Lieberman

Arbitration, Criminal, Collection, Animal Bite, Real Estate

Status: Licensed: 38 Years

CONTACT

115 N Broadway, Hicksville, NY 11801

Eric Bennett Schultz

Landlord-Tenant, Real Estate, Lawsuit & Dispute, Discrimination, Collection

Status: Licensed: 45 Years

CONTACT

1 Scott Pl, Plainview, NY 11803

Cynthia G. Rosicki

Real Estate, Collection

Status: Licensed: 38 Years

CONTACT

998C Old Country Rd, Plainview, NY 11803

Thomas Peter Rosicki

Collection

Status: Licensed: 28 Years

CONTACT

998C Old Country Rd, Plainview, NY 11803

Paul S. Hyl

Health Care Other, Estate Planning, Elder Law, Collection

Status:

CONTACT

225 Broad Hollow Road, Melville, NY 11747

800-814-6700

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LEGAL TERMS

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

FCRA

See Fair Credit Reporting Act.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

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.

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.

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.

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Massapequa Park Collection Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert Michael Adelberg

Ijeoma O. Nduka

Lawrence James Natalie

Bijal K. Jani

Richard Lee Mendelsohn

Douglas M Lieberman

Eric Bennett Schultz

Cynthia G. Rosicki

Thomas Peter Rosicki

Paul S. Hyl

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

CREDIT INSURANCE

FCRA

CHAPTER 7 BANKRUPTCY

C CORPORATION

GRACE PERIOD

LIABILITY

ADMINISTRATIVE EXPENSES

SECURED DEBT

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