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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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Joseph D'onofrio

Bankruptcy, Immigration

Status: In Good Standing Licensed: 24 Years

CONTACT

Deerfield, IL 60015

James Ronald Krasny

Litigation, Collection, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Constance Conole Carey

General Practice

Status: In Good Standing Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Constance Carey

General Practice

Status: In Good Standing Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

James Krasny

Litigation, Collection, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Charles Andrew Walgreen

International Tax, Consumer Rights, Bankruptcy, Litigation

Status: In Good Standing Licensed: 12 Years

CONTACT

304 Wilmot Rd, Deerfield, IL 60015

Robert Duane Peters

Oil & Gas, Estate Planning, Business, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

108 Wilmot Rd, Deerfield, IL 60015

Robert M. Greco

Commercial Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

1648 Berkley Ct, Deerfield, IL 60015

Marc Eugene Lane

Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

146 Plumtree Road, Deerfield, IL 60015

Steven R. Rappin

Litigation, Estate, Business, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

1108 Linden Ave, Deerfield, IL 60015

800-923-0641

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LEGAL TERMS

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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Techny Bankruptcy & Debt Lawyer, Illinois, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joseph D'onofrio

James Ronald Krasny

Constance Conole Carey

Constance Carey

James Krasny

Charles Andrew Walgreen

Robert Duane Peters

Robert M. Greco

Marc Eugene Lane

Steven R. Rappin

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LEGAL TERMS

SECURED DEBT

INFRINGEMENT (OF TRADEMARK)

PRIORITY DEBT

UNDUE HARDSHIP

CURRENT MONTHLY INCOME

CYBERSQUATTING

WINDING UP

TRADE NAME

NO-FAULT INSURANCE

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