Ontario 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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Alexander Korotkin

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

Status: In Good Standing

CONTACT

70 Linden Oaks, Rochester, NY 14625

Steven Edward Feder

Landlord-Tenant, Lawsuit & Dispute, Estate, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

2040 E Ridge Rd, Rochester, NY 14622

Michael J. Kieffer

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 49 Years

CONTACT

40 Blackwatch Trl, Fairport, NY 14450

Barry H. Sternberg

Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

216 Crossfield Rd, Rochester, NY 14609

Steven Edward Feder

Employee Rights, Divorce & Family Law, Consumer Rights, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

1880 E Ridge Rd, Rochester, NY 14622

Edwin P. Frick

Estate, Wrongful Termination, Criminal, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

6 E Main St, Sodus, NY 14551

Pamela Beattie Webb

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

865 Victor Rd, Victor, NY 14564

C Thomas Wright

Dispute Resolution, Divorce & Family Law, Criminal, Collection

Status: In Good Standing Licensed: 54 Years

CONTACT

111 Whitewood Ln, Rochester, NY 14618

Margaret O'Reilly Hayes

Litigation, Government, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

500 1St Federal Plz, Rochester, NY 14614

Peter Scribner

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

1110 Park Ave, Rochester, NY 14610

800-923-0641

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LEGAL TERMS

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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Ontario Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alexander Korotkin

Steven Edward Feder

Michael J. Kieffer

Barry H. Sternberg

Steven Edward Feder

Edwin P. Frick

Pamela Beattie Webb

C Thomas Wright

Margaret O'Reilly Hayes

Peter Scribner

TIPS

LEGAL TERMS

DISCHARGEABLE DEBTS

DOING BUSINESS AS (DBA)

DEFINED CONTRIBUTION PLAN

ADMINISTRATIVE EXPENSES

C CORPORATION

PRIORITY DEBT

COLLECTION AGENCY

LIQUIDATING PARTNER

NONEXEMPT PROPERTY

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