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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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Gary Petropoulos

Litigation, Insurance, Reorganization, Legal Malpractice

Status: In Good Standing

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

Brian Stephan Devery

Foreclosure, Estate Planning, Business, Bankruptcy

Status: In Good Standing

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393 Jericho Turnpike, Mineola, NY 11501

Neil Harris Ackerman

Commercial Real Estate, Litigation, Business & Trade, Bankruptcy

Status: In Good Standing

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675 Old Country Rd, Westbury, NY 11590

Richard Alan Auerbach

Consumer Rights, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

500 N Broadway, Jericho, NY 11753

Steven Dennis Dreyer

Tax, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

1305 Franklin Ave, Garden City, NY 11530

Sue L. Chin

Real Estate, Litigation, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

575 Underhill Blvd, Syosset, NY 11791

Sue Liu Chin

Real Estate, Litigation, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

575 Underhill Blvd, Syosset, NY 11791

Michael Adam Shichman

Family Law, Collection, Commercial Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

109 High Farms Rd, Glen Head, NY 11545

William Anthony Sheeckutz

Bankruptcy & Debt, Criminal, Divorce & Family Law, Traffic

Status: In Good Standing Licensed: 39 Years

CONTACT

215 Ronni Drive, East Meadow, NY 11554

Annilus J. Gilot

Immigration, Federal Appellate Practice, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

70 Charles Lindbergh Blvd, Garden City, NY 11553

800-923-0641

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LEGAL TERMS

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

CCCS

See Consumer Credit Counseling Service.

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.

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.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

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Old Westbury Bankruptcy & Debt Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gary Petropoulos

Brian Stephan Devery

Neil Harris Ackerman

Richard Alan Auerbach

Steven Dennis Dreyer

Sue L. Chin

Sue Liu Chin

Michael Adam Shichman

William Anthony Sheeckutz

Annilus J. Gilot

TIPS

LEGAL TERMS

DEBIT CARD

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDIT BUREAU

CCCS

GARNISHMENT

TRADE DRESS

CHAPTER 7 BANKRUPTCY

GUARANTEED RESERVATION

SECURED DEBT

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