Sayville Collection 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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Eric Samuel Pillischer

Real Estate, Collection, Bankruptcy

Status: Licensed: 34 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Edward L. Zelmanow

Insurance, Contract, Collection, Bankruptcy & Debt

Status:

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

David Chaim Rothman

Criminal, Corporate, Collection, Bankruptcy

Status: Licensed: 10 Years

CONTACT

1787 Veterans Memorial Hwy, Islandia, NY 11749

Paul John Klemm

Civil Rights, Business, Collection, Bankruptcy, Credit & Debt

Status: Licensed: 26 Years

CONTACT

1787 Veterans Highway, Islandia, NY 11749

Krista Marie Rose

Collection, Bankruptcy

Status: Licensed: 11 Years

CONTACT

1787 Veterans Memorial Highway, Islandia, NY 11749

Keith Harvey Rothman

Real Estate, Government, Collection, Bankruptcy

Status: Licensed: 49 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Jacqueline Ann Lazar

Collection, Bankruptcy

Status: Licensed: 12 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Marc Andrew Kramer

Employment Discrimination, Family Law, Corporate, Collection

Status: Licensed: 23 Years

CONTACT

70 Medford Ave, Patchogue, NY 11772

Alan Peter Pressman

Bankruptcy, Bankruptcy & Debt, DUI-DWI, Criminal, Collection

Status: Licensed: 44 Years

CONTACT

2950 Express Dr S, Islandia, NY 11749

Michael C Di Giaro

Collection

Status: Licensed: 14 Years

CONTACT

2950 Express Dr S, Islandia, NY 11749

800-814-6700

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800-943-8690

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

LIQUIDATING PARTNER

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

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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Sayville Collection Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Eric Samuel Pillischer

Edward L. Zelmanow

David Chaim Rothman

Paul John Klemm

Krista Marie Rose

Keith Harvey Rothman

Jacqueline Ann Lazar

Marc Andrew Kramer

Alan Peter Pressman

Michael C Di Giaro

TIPS

LEGAL TERMS

TRADE NAME

IRS EXPENSES

CREDIT INSURANCE

GUARANTEED RESERVATION

NONDISCHARGEABLE DEBTS

LIQUIDATING PARTNER

MEETING OF CREDITORS

S CORPORATION

DISCHARGEABLE DEBTS

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