Waddington 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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Eric M Parham

Intellectual Property, Business

Status: In Good Standing Licensed: 24 Years

CONTACT

5 South Main Street, Norwood, NY 13668

Robert J. Sassone

General Practice

Status: In Good Standing Licensed: 48 Years

CONTACT

40 S Main St, Norwood, NY 13668

Paula Ann Michaud

Lawsuit & Dispute, Government, Business, Accident & Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

1597A State Highway, Norfolk, NY 13667

Robert Howard Ballan

General Practice

Status: In Good Standing Licensed: 43 Years

CONTACT

207 Lakeshore Drive, Norwood, NY 13668

Steven Glen Ballan

General Practice

Status: In Good Standing Licensed: 31 Years

CONTACT

918 Judson Street Rd, Canton, NY 13617

Mark Frederick Snider

Real Estate, Lawsuit & Dispute, Business, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

252 Main St, Massena, NY 13662

Thomas John Snider

Other, Government, Business, Personal Injury

Status: In Good Standing Licensed: 46 Years

CONTACT

252 Main St, Massena, NY 13662

Eric J. Gustafson

Real Estate, Estate

Status: In Good Standing Licensed: 33 Years

CONTACT

40 Main St, Massena, NY 13662

Daniel S Pease

Construction, Criminal, Corporate, Business Organization

Status: In Good Standing Licensed: 38 Years

CONTACT

40 Main St, Massena, NY 13662

Seth B. Buchman

Government

Status: In Good Standing Licensed: 41 Years

CONTACT

804 Commerce Park Drive, Ogdensburg, NY 13669

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

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Waddington Reorganization Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Eric M Parham

Robert J. Sassone

Paula Ann Michaud

Robert Howard Ballan

Steven Glen Ballan

Mark Frederick Snider

Thomas John Snider

Eric J. Gustafson

Daniel S Pease

Seth B. Buchman

TIPS

LEGAL TERMS

FCRA

MEANS TEST

GRACE PERIOD

NO-FAULT INSURANCE

DISPOSABLE INCOME

GENERAL PARTNER

SOLE PROPRIETORSHIP

TOXIC TORT

UNSECURED DEBT

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