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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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Susan Kathleen Duke

✓ VERIFIED

Criminal, Divorce & Family Law

LLM, Masters of Law, International Taxation

I consider communication to be a key aspect of the lawyer-client relationship, which is why I return phone calls and emails promptly. My clients have ... (more)

CONTACT

800-729-1461

3407 Rochester Road, Lakeville, NY 14480

Raymond Paul Sciarrino

✓ VERIFIED

Criminal, Real Estate, Personal Injury, Traffic, Estate

Licensed: 22 Years

Sciarrino & Sciarrino, P.C. is a criminal law firm serving Rochester and the surrounding areas of Livingston County and Wyoming County. For more than ... (more)

FREE CONSULTATION

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800-737-5751

106 Main St, Mount Morris, NY 14510

J. Michael Jones

Litigation

Status: In Good Standing

FREE CONSULTATION

CONTACT

31 Main Street, Geneseo, NY 14454

Gregory J. McCaffrey

General Practice

Status: In Good Standing

FREE CONSULTATION

CONTACT

31 Main Street, Geneseo, NY 14454

Michael William Stivers

Landlord-Tenant, Divorce, Criminal, Car Accident, DUI-DWI

Status: In Good Standing

CONTACT

131 Main St, Geneseo, NY 14454

Peter K. Skivington

Commercial Real Estate, Lawsuit & Dispute, Criminal, Accident & Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

31 Main St, Geneseo, NY 14454

Scott D. Woodruff

White Collar Crime, DUI-DWI, Criminal

Status: In Good Standing

CONTACT

6 Court St, Geneseo, NY 14454

Daniel Ryan Magill

Criminal, Accident & Injury

Status: In Good Standing

CONTACT

2 Court St, Geneseo, NY 14454

David Alan Hoffmann

Lawsuit & Dispute, DUI-DWI, Criminal, Personal Injury

Status: In Good Standing

CONTACT

2 Court St, Geneseo, NY 14454

Scott David Woodruff

White Collar Crime, DUI-DWI, Criminal

Status: In Good Standing Licensed: 14 Years

CONTACT

6 Court St, Geneseo, NY 14454

800-923-0641

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LEGAL TERMS

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

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.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

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Livingston County, NY Collection Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Susan Kathleen Duke

Raymond Paul Sciarrino

J. Michael Jones

Gregory J. McCaffrey

Michael William Stivers

Peter K. Skivington

Scott D. Woodruff

Daniel Ryan Magill

David Alan Hoffmann

Scott David Woodruff

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LEGAL TERMS

HOUSEHOLDER

DOING BUSINESS AS (DBA)

BANKRUPTCY TRUSTEE

C CORPORATION

SETOFF

LIMITED PARTNERSHIP

MEETING OF CREDITORS

CREDIT INSURANCE

INTEREST

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