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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

Todd Eric Wallace

Tax, Bankruptcy, Estate Planning, Transactions

Status: In Good Standing Licensed: 21 Years

CONTACT

Saint Charles, IL 60174

Steve A. Olczyk

Bankruptcy, DUI-DWI, Traffic, Personal Injury, Criminal

Status: In Good Standing Licensed: 21 Years

CONTACT

713 E Main St, Elburn, IL 60174

Steve Olczyk

Bankruptcy, DUI-DWI, Traffic, Personal Injury, Criminal

Status: In Good Standing Licensed: 21 Years

CONTACT

713 E Main St, Elburn, IL 60174

Scott Sheen

Estate Planning, Workers' Compensation, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

713 E Main St, Elburn, IL 60174

Gilbert Rodriguez Dizon

Traffic, DUI-DWI, Civil Rights, Bankruptcy

Status: In Good Standing

CONTACT

205 Anderson Blvd, Geneva, IL 60134

Gilbert Dizon

Traffic, DUI-DWI, Civil Rights, Bankruptcy

Status: In Good Standing

CONTACT

205 Anderson Blvd, Geneva, IL 60134

Matthew Daniel Robinson

Real Estate, Lawsuit & Dispute, Bankruptcy, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 18 Years

CONTACT

28 N. 1st Street, Geneva, IL 60134

John Steven Biallas

Government, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

3 N 918 Sunrise Lane, Saint Charles, IL 60174

John Biallas

Government, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

3 N 918 Sunrise Lane, Saint Charles, IL 60174

800-923-0641

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LEGAL TERMS

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

CCCS

See Consumer Credit Counseling Service.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FCBA

See Fair Credit Billing 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.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

... Appellees and Cross-Appellants, v. Hollis L. BRUMFIELD, Defendant and Counterplaintiff- Appellant and Cross-Appellee, and Michael J. Drewes; Constance Drewes; Beau Drewes; Zachary Fitzpatrick; Dan Fitzpatrick; Cindy Fitzpatrick; Steve Miller, Trustee in Bankruptcy for the ...

Seip v. Rogers Raw Materials Fund, LP

... Upon learning this, Beeland immediately sought to have the assets transferred either to Refco, LLC, or back to the original brokerage accounts. D. Refco Bankruptcy and the Special Redemption Letter. ... (2006)). Refco, LLC, filed for bankruptcy as well in November 2005. ...

Giannini v. Kumho Tire USA, Inc.

... While there are no Illinois cases addressing the stay granted in Rule 306, Garbe Iron Works held that the two-year statute of limitations for filing a mechanics' lien foreclosure was tolled by the automatic stay provision contained in the Federal Bankruptcy Act (11 USC Â§ 362(a)(1 ...

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Wayne Bankruptcy Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Todd Eric Wallace

Steve A. Olczyk

Steve Olczyk

Scott Sheen

Gilbert Rodriguez Dizon

Gilbert Dizon

Matthew Daniel Robinson

John Steven Biallas

John Biallas

TIPS

LEGAL TERMS

ACCORD AND SATISFACTION

CREDITOR

CCCS

INFRINGEMENT (OF TRADEMARK)

GENERAL PARTNER

FCBA

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

UNDUE HARDSHIP

FRATERNAL BENEFIT SOCIETY BENEFITS

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

Seip v. Rogers Raw Materials Fund, LP

Giannini v. Kumho Tire USA, Inc.

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