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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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Howard Peritz

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Bankruptcy & Debt, Divorce & Family Law, Bankruptcy, Divorce, Estate

Howard Peritz is an attorney with experience as a sole proprietor, insurance industry corporate counsel, managing attorney and a senior associate in C... (more)

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CONTACT

847-665-1648

5 Revere Drive, Northbrook, IL 60062

David P. Holtkamp

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

1363 Shermer Road, Northbrook, IL 60062

William J. Factor

Government, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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1363 Shermer Road, Northbrook, IL 60062

David N Byer

Landlord-Tenant, Divorce & Family Law, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 18 Years

FREE CONSULTATION

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1780 Maple Street, Northfield, IL 60093

Steven Shaw Potts

Civil Rights, Corporate, Collection, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

2349 Walters Ave, Northbrook, IL 60062

David Siegel

Bankruptcy, Divorce & Family Law, Divorce, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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790 Chaddick Drive, Wheeling, IL 60090

Glen Neuman

Litigation, Business, Collection, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

2549 Anne Ln, Northbrook, IL 60062

Glen A. Neuman

Litigation, Business, Collection, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

2549 Anne Ln, Northbrook, IL 60062

Glen A. Neuman

Litigation, Business, Collection, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

2549 Anne Ln, Northbrook, IL 60062

George Olsen

Litigation, Banking & Finance, Workout, Bankruptcy

Status: In Good Standing

CONTACT

707 Lake Cook Road, Deerfield, IL 60015

800-923-0641

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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).

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

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Northbrook Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Howard Peritz

David P. Holtkamp

William J. Factor

David N Byer

Steven Shaw Potts

David Siegel

Glen Neuman

Glen A. Neuman

Glen A. Neuman

George Olsen

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

DEBT COLLECTOR

FRAUDULENT TRANSFER

FAIR LABOR STANDARDS ACT (FLSA)

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

CREDIT COUNSELING

CREDIT REPORT

SECURED DEBT

TOXIC TORT

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