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

Richard H. Cole

Alimony & Spousal Support, Bankruptcy, Criminal, Divorce

Status: In Good Standing

CONTACT

37 Franklin St., Buffalo, NY 14202

James M. Maloy

Bankruptcy, Corporate, Personal Injury, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

424 Main Street, Buffalo, NY 14202

Surinder Kaur Virk

Accident & Injury, Bankruptcy, Criminal, Divorce & Family Law

Status: In Good Standing Licensed: 23 Years

CONTACT

300 International Drive, Williamsville, NY 14221

Daniel Wisher

Family Law, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

5678 Main St, Buffalo, NY 14221

Regina A. Walker

Social Security -- Disability, Employment, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

300 International Dr., Buffalo, NY 14221

Kyle Clark Didone

Real Estate, Government, DUI-DWI, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

424 Main Street, Buffalo, NY 14202

Thomas F. Hewner

Estate Administration, Estate Planning, Corporate, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

37 Franklin St, Buffalo, NY 14202

Krista Gottlieb

Mediation, Arbitration, Employment Discrimination, Dissolution

Status: In Good Standing Licensed: 45 Years

CONTACT

43 Court Street, Buffalo, NY 14202

Gary Bluestein

Bankruptcy, Tax

Status: In Good Standing

CONTACT

Buffalo, NY 14202

Jane B. Wolfe

Bankruptcy, Foreclosure

Status: In Good Standing Licensed: 44 Years

CONTACT

138 Delaware Ave, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

DISCHARGE (OF DEBTS)

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

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

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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Houghton Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard H. Cole

James M. Maloy

Surinder Kaur Virk

Daniel Wisher

Regina A. Walker

Kyle Clark Didone

Thomas F. Hewner

Krista Gottlieb

Gary Bluestein

Jane B. Wolfe

TIPS

LEGAL TERMS

TRADE DRESS

COLLATERAL

PRIORITY DEBT

BANKRUPTCY

DISCHARGE (OF DEBTS)

CHAPTER 7 BANKRUPTCY

UNDUE HARDSHIP

TOXIC TORT

ABUSE

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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