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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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David G Wallace

Adoption, Bankruptcy, Child Support, Criminal

Status: In Good Standing

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108 E. Steuben Street, Bath, NY 14810

Peter J. Degnan

Motor Vehicle, Wrongful Termination, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

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2 Schuyler St, Belmont, NY 14813

John Albert Cappellini

White Collar Crime, Estate Planning, Bankruptcy, Contract, Natural Resources

Status: In Good Standing Licensed: 27 Years

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1 East Main St., Cuba, NY 14727

Michael Anthony Morgan

Real Estate, Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

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201 N Union St, Olean, NY 14760

Joseph Gerald Pelych

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Wills

Status: In Good Standing Licensed: 42 Years

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211 Main St, Hornell, NY 14843

Mark A. Lillenstein

Real Estate, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 52 Years

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Delevan, NY 14042

Raymond Mark Pfeiffer

Landlord-Tenant, Land Use & Zoning, Bankruptcy & Debt, Accident & Injury, Estate

Status: In Good Standing Licensed: 36 Years

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22 Smith Ave, Delevan, NY 14042

John R. Scura

Real Estate, Government, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 57 Years

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131 Main St, Dansville, NY 14437

John Kirby Colling

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

Status: In Good Standing Licensed: 40 Years

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Arcade, NY 14009

Christine Valkenburgh

Real Estate, Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

7 E Steuben St, Bath, NY 14810

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

FCRA

See Fair Credit Reporting Act.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

CCCS

See Consumer Credit Counseling Service.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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Allentown Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David G Wallace

Peter J. Degnan

John Albert Cappellini

Michael Anthony Morgan

Joseph Gerald Pelych

Mark A. Lillenstein

Raymond Mark Pfeiffer

John R. Scura

John Kirby Colling

Christine Valkenburgh

TIPS

LEGAL TERMS

REPOSSESSION

FRATERNAL BENEFIT SOCIETY BENEFITS

DISCHARGEABLE DEBTS

INFRINGEMENT (OF TRADEMARK)

DISPOSABLE INCOME

FCRA

BULK SALES LAW

CCCS

SOLE PROPRIETORSHIP

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