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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Kenneth Gallant

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

1425 Jefferson Road, Rochester, NY 14623

Charles Conrad Welch

Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

1722 Lake Rd, Hamlin, NY 14464

Raymond S. DiRaddo

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

31 Erie Canal Dr, Rochester, NY 14626

Robert G. Mccarthy

Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

1600 Crossroads Bldg., Rochester, NY 14614

Anita Claire Miller

Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

1600 Crossroads Building, Rochester, NY 14614

Mary Jo S. Korona

Litigation, Employee Rights, Civil Rights, Bankruptcy Litigation

Status: In Good Standing

CONTACT

28 E Main St, Rochester, NY 14614

Christopher Michael Hudak

Litigation, Family Law, Corporate, Bankruptcy, Insurance

Status: In Good Standing Licensed: 11 Years

CONTACT

31 E Main St, Rochester, NY 14614

Jason Peter Verhagen

Litigation, Lawsuit & Dispute, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

100 Corporate Woods, Rochester, NY 14623

Carl Alfred Steinbrenner

Real Estate, Intellectual Property, Business, Commercial Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

104 Troup St, Rochester, NY 14608

Warren H. Heilbronner

Trusts, Estate, Civil & Human Rights, Bankruptcy

Status: In Good Standing

CONTACT

145 Culver Rd, Rochester, NY 14620

800-923-0641

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

CREDIT FILE

See credit report.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Brockport Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kenneth Gallant

Charles Conrad Welch

Raymond S. DiRaddo

Robert G. Mccarthy

Anita Claire Miller

Mary Jo S. Korona

Christopher Michael Hudak

Jason Peter Verhagen

Carl Alfred Steinbrenner

Warren H. Heilbronner

TIPS

LEGAL TERMS

FCBA

LOSS DAMAGE WAIVER (LDW)

FRAUDULENT TRANSFER

CREDIT FILE

S CORPORATION

HOUSEHOLDER

BANKRUPTCY TRUSTEE

GARNISHMENT

ABUSE

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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