Middle Island Bankruptcy 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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

John Catterson

Bankruptcy

Status: Licensed: 51 Years

CONTACT

58 Country View Ln, Middle Island, NY 11953

John Catterson

Real Estate, Bankruptcy

Status: Licensed: 51 Years

CONTACT

58 Country View Ln, Middle Island, NY 11953

Craig Robins

Employment Discrimination, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status:

CONTACT

479 Middle Country Road, Coram, NY 11727

Chinwe Angela Nwadiogbu

Immigration, Medical Malpractice, Divorce & Family Law, Consumer Bankruptcy

Status: Licensed: 26 Years

CONTACT

Ridge, NY 11961

John Joseph Gonzalez

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status:

CONTACT

3237 Route 112, Medford, NY 11763

Richard Andrew Jacoby

DUI-DWI, Collection, Bankruptcy, Medical Malpractice

Status:

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Richard Andrew Jacoby

Real Estate, Bankruptcy, Bankruptcy & Debt, Accident & Injury, DUI-DWI

Status: Licensed: 32 Years

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Christine Marie Schibani

Commercial Real Estate, Family Law, Bankruptcy, Personal Injury

Status: Licensed: 25 Years

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Brian Brendan Mulholland

Collection, Bankruptcy

Status: Licensed: 49 Years

CONTACT

71 Champlain St, Port Jefferson Station, NY 11776

Melvyn Lewis Jacoby

Real Estate, Motor Vehicle, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

1737 N Ocean Ave, Medford, NY 11763

800-814-6700

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Middle Island Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Catterson

John Catterson

Craig Robins

Chinwe Angela Nwadiogbu

John Joseph Gonzalez

Richard Andrew Jacoby

Richard Andrew Jacoby

Christine Marie Schibani

Brian Brendan Mulholland

Melvyn Lewis Jacoby

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

401(K) PLAN

SUBROGATION

REPOSSESSION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DISPOSABLE INCOME

CREDIT BUREAU

FORBEARANCE

ACCORD AND SATISFACTION

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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