Schoharie County, NY Reorganization Lawyers, page 5

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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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Not enough matches for Schoharie Reorganization lawyer.
Below are all Schoharie lawyers.

Joseph P. Doherty

General Practice

Status: Suspended Licensed: 41 Years

CONTACT

108 Willow St, Sharon Springs, NY 13459

James Russell Langwig

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

Schoharie, NY 12157

Jean T. Carney

General Practice

Status: Inactive Licensed: 29 Years

CONTACT

312 Cook Road, Schoharie, NY 12157

Laura Elizabeth Ayers

Other, Lawsuit & Dispute, Intellectual Property

Status: In Good Standing Licensed: 21 Years

CONTACT

Schoharie, NY 12157

William J. Minkel

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

290 Main St, Schoharie, NY 12157

Edward Wildove

General Practice

Status: In Good Standing Licensed: 47 Years

CONTACT

558 Main St, Cobleskill, NY 12043

Raynor Bailey Duncombe

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 53 Years

CONTACT

Schoharie, NY 12157

Arthur Gerard Tebbens

General Practice

Status: Suspended Licensed: 67 Years

CONTACT

112 Fancher Ln, Warnerville, NY 12187

Thomas R. Mahoney

General Practice

Status: In Good Standing Licensed: 53 Years

CONTACT

123 Middlefort Rd, Middleburgh, NY 12122

800-923-0641

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LEGAL TERMS

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

FCRA

See Fair Credit Reporting Act.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

TRADE NAME

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

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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Schoharie County, NY Reorganization Lawyers, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joseph P. Doherty

James Russell Langwig

Jean T. Carney

Laura Elizabeth Ayers

William J. Minkel

Edward Wildove

Raynor Bailey Duncombe

Arthur Gerard Tebbens

Thomas R. Mahoney

TIPS

LEGAL TERMS

SETOFF

FCRA

BANKRUPTCY

UNSECURED DEBT

REDEMPTION

LIMITED LIABILITY

LIABILITY

TRADE NAME

DISPOSABLE INCOME

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PRACTICE AREAS 70