Sherburne Workout 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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Not enough matches for Sherburne Workout lawyer.
Below are all Sherburne Bankruptcy & Debt lawyers.

Anthony Frank Copani

Estate Planning, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 42 Years

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224 Harrison St, Syracuse, NY 13202

Anthony J. Pietrafesa

Bankruptcy & Debt, Consumer Rights, Defect and Lemon Law, Deceptive Trade Practices, Bad Faith Insurance

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120 E Washington St, Syracuse, NY 13202

Anthony R. Hanley

Litigation, Trusts, Bankruptcy & Debt

Status: Licensed: 30 Years

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600 Onondaga Savings Bank Bd, Syracuse, NY 13202

Bartle J. Gorman

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 59 Years

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Beverley Joy Forrest

Dispute Resolution, Bankruptcy

Status: Licensed: 46 Years

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104 N Washington St, Herkimer, NY 13350

Briana Kristine Fundalinski

Lawsuit & Dispute, Civil & Human Rights, Business, Bankruptcy

Status: Licensed: 12 Years

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100 Madison St, Syracuse, NY 13202

Cameron Burgin Daniels

Lawsuit & Dispute, Child Custody, Civil Rights, Credit & Debt

Status: Licensed: 11 Years

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520 Columbia Dr, Johnson City, NY 13790

Camille Hill

Business, Bankruptcy & Debt

Status: Licensed: 37 Years

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1 Lincoln Ctr, Syracuse, NY 13202

Carol Ann Malz

Real Estate, Bankruptcy & Debt

Status: Licensed: 34 Years

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554 Main St, Oneonta, NY 13820

Catherine A. Diviney

Health Care, Environmental Law Other, Business, Bankruptcy

Status: Licensed: 37 Years

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100 Madison St, Syracuse, NY 13202

800-814-6700

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LEGAL TERMS

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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Sherburne Workout Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony Frank Copani

Anthony J. Pietrafesa

Anthony R. Hanley

Bartle J. Gorman

Beverley Joy Forrest

Briana Kristine Fundalinski

Cameron Burgin Daniels

Camille Hill

Carol Ann Malz

Catherine A. Diviney

TIPS

LEGAL TERMS

LIMITED LIABILITY

FORBEARANCE

BULK SALES LAW

CYBERSQUATTING

SETOFF

PREFERENCE

FRAUDULENT TRANSFER

WINDING UP

PRIORITY DEBT

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