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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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Gayle Alicia Rosen

Lawsuit & Dispute, Social Security, Business, Credit & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

94 Willis Ave, Mineola, NY 11501

Sean Kevin Monahan

Litigation, Family Law, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 15 Years

CONTACT

1325 Franklin Ave, Garden City, NY 11530

Stuart Paul Gelberg

Child Custody, Collection, Bankruptcy, Bankruptcy & Debt, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

600 Old Country Rd, Garden City, NY 11530

Michael Stephen Mosscrop

Power of Attorney, Credit & Debt, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

666 Old Country Rd, Garden City, NY 11530

Paula Jeanette Mcgill

Sexual Harassment, Discrimination, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

1225 Franklin Ave, Garden City, NY 11530

William Chung

Credit & Debt, Insurance, Complex Litigation, Immigration

Status: In Good Standing

CONTACT

400 Garden City Plaza, Garden City, NY 11530

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

Brian John Davis

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

400 Garden City Plaza, Garden City, NY 11530

Jacqueline M. Della Chiesa

Bankruptcy & Debt, Foreclosure, Credit & Debt, Litigation

Status: In Good Standing

CONTACT

401 Franklin Avenue, Garden City, NY 11530

Dennis Steven Malen

General Practice

Status: In Good Standing Licensed: 56 Years

CONTACT

123 Frost St, Old Westbury, NY 11590

800-923-0641

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LEGAL TERMS

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.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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).

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

TRADE NAME

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

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.

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.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Williston Park Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gayle Alicia Rosen

Sean Kevin Monahan

Stuart Paul Gelberg

Michael Stephen Mosscrop

Paula Jeanette Mcgill

William Chung

Annilus J. Gilot

Brian John Davis

Jacqueline M. Della Chiesa

Dennis Steven Malen

TIPS

LEGAL TERMS

GARNISHMENT

CHAPTER 7 BANKRUPTCY

401(K) PLAN

FRATERNAL BENEFIT SOCIETY BENEFITS

CREDIT REPORT

LIABILITY

TRADE NAME

C CORPORATION

FAIR LABOR STANDARDS ACT (FLSA)

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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