Sugar Loaf Reorganization 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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Timothy R. Wheeler

Government, Bankruptcy & Debt, Foreign Investment, Reorganization, Bankruptcy

Status:

CONTACT

1270 Avenue Of The Americas, New York, NY 10020

Heather Lennox

Reorganization, Consumer Rights

Status:

CONTACT

222 East 41St Street, New York, NY 10017

Summer Marie Mckee

Reorganization

Status: Licensed: 10 Years

CONTACT

55 Hudson Yards, New York, NY 10001

Jordan A Kroop

Patent, Corporate, Reorganization, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

780 3Rd Ave, New York, NY 10017

Puja Dave

Construction, Communication & Media Law, Banking & Finance, Reorganization

Status: Licensed: 9 Years

CONTACT

605 3Rd Ave, New York, NY 10158

Daniel John Pohlman

Litigation, White Collar Crime, Reorganization

Status: Licensed: 9 Years

CONTACT

7 Times Square, New York, NY 10036

Jeffrey D. Pawlitz

Class Action, Reorganization, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

787 7Th Ave, New York, NY 10019

Matthew Scott De La Torre

Litigation, Trusts, Reorganization, Bankruptcy & Debt

Status: Licensed: 8 Years

CONTACT

1350 Broadway, New York, NY 10018

Adriana Hope Foreman

Reorganization

Status: Licensed: 7 Years

CONTACT

900 3Rd Ave, New York, NY 10022

Myles R. Macdonald

Reorganization, Bankruptcy

Status:

CONTACT

1251 Avenue Of The Americas, New York, NY 10020

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

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.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Sugar Loaf Reorganization Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Timothy R. Wheeler

Heather Lennox

Summer Marie Mckee

Jordan A Kroop

Puja Dave

Daniel John Pohlman

Jeffrey D. Pawlitz

Matthew Scott De La Torre

Adriana Hope Foreman

Myles R. Macdonald

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

CYBERSQUATTING

REPOSSESSION

GENERAL PARTNER

INTEREST

CHAPTER 7 BANKRUPTCY

SETOFF

MEETING OF CREDITORS

SUBROGATION

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