Ontario Bankruptcy 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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Craig R. Welch

Real Estate, Estate, Business, Bankruptcy

Status:

CONTACT

130 E Main St, Rochester, NY 14692

David F. Mayer

Title Insurance, Dispute Resolution, Criminal, Civil & Human Rights, Bankruptcy

Status:

CONTACT

755 Jefferson Road,, Rochester, NY 14623

David M. Kaplan

Commercial Banks, Collection, Class Action, Bankruptcy

Status:

CONTACT

46 Helmsford Way, Penfield, NY 14526

David Robert Mowry

Wrongful Termination, Criminal, Bankruptcy

Status: Licensed: 25 Years

CONTACT

30 Church St, Rochester, NY 14614

David B. Cook

Other, Government, Bankruptcy

Status: Licensed: 46 Years

CONTACT

153 W Main St, Webster, NY 14580

Deborah Kall Schaal

Residential Real Estate, Employee Rights, Bankruptcy

Status: Licensed: 33 Years

CONTACT

1039 Monroe Ave, Rochester, NY 14620

Douglas J. Lustig

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 50 Years

CONTACT

300 Meridian Centre Blvd, Rochester, NY 14618

Edwin P. Frick

Estate, Wrongful Termination, Criminal, Bankruptcy

Status: Licensed: 11 Years

CONTACT

6 E Main St, Sodus, NY 14551

Elena F. Cariola

Real Estate, Estate, Employment, Bankruptcy

Status: Licensed: 20 Years

CONTACT

180 Canal View Blvd, Rochester, NY 14623

Eugene Michael O'Connor

Litigation, Trusts, Business, Bankruptcy

Status: Licensed: 35 Years

CONTACT

180 Canal View Blvd, Rochester, NY 14623

800-814-6700

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800-943-8690

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LEGAL TERMS

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.

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.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

CCCS

See Consumer Credit Counseling Service.

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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Ontario Bankruptcy Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Craig R. Welch

David F. Mayer

David M. Kaplan

David Robert Mowry

David B. Cook

Deborah Kall Schaal

Douglas J. Lustig

Edwin P. Frick

Elena F. Cariola

Eugene Michael O'Connor

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

WORKOUT

UNDUE HARDSHIP

SECURED DEBT

BANKRUPTCY

NONDISCHARGEABLE DEBTS

C CORPORATION

CCCS

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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