Pierrepont Manor Bankruptcy & Debt 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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Anthony Inserra

Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

531 Washington St, Watertown, NY 13601

David Baertus Geurtsen

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

Status: Licensed: 32 Years

CONTACT

407 Sherman St, Watertown, NY 13601

Steven C Haas

Real Estate, Litigation, Estate, Bankruptcy & Debt

Status: Licensed: 52 Years

CONTACT

215 Washington St, Watertown, NY 13601

David P Antonucci

Criminal, Civil Rights, Bankruptcy, Animal Bite, Class Action

Status: Licensed: 37 Years

CONTACT

12 Public Sq, Watertown, NY 13601

Katherine Barry

Criminal, Collection, Family Law, Juvenile Law

Status: Licensed: 14 Years

CONTACT

11506A Overlook Pl, Watertown, NY 13603

Erik Sobkiewicz

Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

17 High Street, Carthage, NY 13619

Wallace Vancortlandt Auser

Criminal, Civil Rights, Collection, Household Mold

Status: Licensed: 50 Years

CONTACT

226 Oneida St, Fulton, NY 13069

Donald A. Denton

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: Licensed: 55 Years

CONTACT

1400 Mony Plz, Syracuse, NY 13202

Michelle Lynn Wolfenden

Child Custody, Divorce & Family Law, Business, Bankruptcy

Status: Licensed: 17 Years

CONTACT

9517 Brewerton Rd, Brewerton, NY 13029

Rafferty Elizabeth Taylor

Litigation, Medical Products & Devices, Commercial Bankruptcy, Products Liability

Status:

CONTACT

537 Riverside Dr, Clayton, NY 13624

800-814-6700

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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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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Pierrepont Manor Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony Inserra

David Baertus Geurtsen

Steven C Haas

David P Antonucci

Katherine Barry

Erik Sobkiewicz

Wallace Vancortlandt Auser

Donald A. Denton

Michelle Lynn Wolfenden

Rafferty Elizabeth Taylor

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

CREDITOR

FAIR LABOR STANDARDS ACT (FLSA)

CREDIT BUREAU

NO-FAULT INSURANCE

CREDIT INSURANCE

LOSS DAMAGE WAIVER (LDW)

MEETING OF CREDITORS

SOLE PROPRIETORSHIP

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