Queens Reorganization 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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Gerard Diconza

Reorganization, Commercial Bankruptcy, Bankruptcy

Status: Licensed: 30 Years

CONTACT

630 3rd Ave, New York, NY 10017

Gregory Laurence Matalon

Estate Administration, Estate Planning, Elder Law, Reorganization

Status: Licensed: 26 Years

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

Heather Lennox

Reorganization, Consumer Rights

Status:

CONTACT

222 East 41St Street, New York, NY 10017

Ingrid E. Morning

Reorganization, Estate Planning, Trusts, Estate

Status:

CONTACT

88 Pine Street, New York, NY 10005

Ivan Taback

Litigation, Estate Planning, Shareholders' Rights, Non-profit, Reorganization

Status: Licensed: 31 Years

CONTACT

None listed, New York, NY 10036

James J. DeCristofaro

Lawsuit & Dispute, Business, Commercial Bankruptcy, Reorganization, Dissolution

Status: Licensed: 23 Years

CONTACT

42 West 24th Street, New York, NY 10010

Jason A. Nagi

Criminal, Corporate, Business, Reorganization

Status:

CONTACT

14 Wall Street, New York, NY 10005

Jeffrey D. Pawlitz

Class Action, Reorganization, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

787 7Th Ave, New York, NY 10019

Jessica Gittle Berman

Litigation, Business Organization, Reorganization, Bankruptcy & Debt

Status:

CONTACT

990 Stewart Avenue, Garden City, NY 11530

Jonathan Louis Seliger

Real Estate, Bankruptcy & Debt, Reorganization, Commercial Real Estate, Business

Status: Licensed: 8 Years

CONTACT

200 Liberty St, New York, NY 10281

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

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.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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Queens Reorganization Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gerard Diconza

Gregory Laurence Matalon

Heather Lennox

Ingrid E. Morning

Ivan Taback

James J. DeCristofaro

Jason A. Nagi

Jeffrey D. Pawlitz

Jessica Gittle Berman

Jonathan Louis Seliger

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LEGAL TERMS

CREDIT BUREAU

UNSECURED DEBT

CHAPTER 7 BANKRUPTCY

LIMITED PARTNERSHIP

ACCORD AND SATISFACTION

WORKOUT

CURRENT MONTHLY INCOME

LIMITED LIABILITY

NUISANCE FEES

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