Wanakena Reorganization Lawyer, New York, page 4

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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.
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Not enough matches for Wanakena Reorganization lawyer.
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Charles C. Merrell

General Practice

Status: Inactive Licensed: 40 Years

CONTACT

24 North State St, Lowville, NY 13367

Gary W. Miles

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

478 Smith Rd, Gouverneur, NY 13642

Kisa Marie Ruiz

General Practice

Status: In Good Standing Licensed: 15 Years

CONTACT

8706 Artz Rd., Castorland, NY 13620

Charles A. Gardner

Lawsuit & Dispute, Health Care, Business

Status: In Good Standing Licensed: 48 Years

CONTACT

123 E Main St, Gouverneur, NY 13642

Henry Joseph Leader

Real Estate

Status: In Good Standing Licensed: 37 Years

CONTACT

107 E Main St, Gouverneur, NY 13642

Vincent Terry Odonnell

General Practice

Status: Suspended Licensed: 58 Years

CONTACT

87 E Main St, Gouverneur, NY 13642

Lawrence Donald Hasseler

Business

Status: In Good Standing Licensed: 50 Years

CONTACT

225 State St, Carthage, NY 13619

Timothy Alan Farley

Foreclosure, Criminal, Personal Injury

Status: In Good Standing Licensed: 38 Years

CONTACT

514 State St., Carthage, NY 13619

Kimberly Michele Ginyard

General Practice

Status: In Good Standing

CONTACT

Carthage, NY 13619

Karen Jean Epp

General Practice

Status: In Good Standing Licensed: 38 Years

CONTACT

Rr 2, Carthage, NY 13619

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

CCCS

See Consumer Credit Counseling Service.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

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.

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Wanakena Reorganization Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Charles C. Merrell

Gary W. Miles

Kisa Marie Ruiz

Charles A. Gardner

Henry Joseph Leader

Vincent Terry Odonnell

Lawrence Donald Hasseler

Timothy Alan Farley

Kimberly Michele Ginyard

Karen Jean Epp

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

WINDING UP

CCCS

COSIGNER

CREDIT BUREAU

SUBROGATION

CREDIT REPORT

BULK SALES LAW

PREFERENCE

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