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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

Bethany Ann Ralph

Divorce & Family Law, Bankruptcy, Estate, Motor Vehicle

Status: In Good Standing Licensed: 48 Years

CONTACT

3294 East Main Street, Amenia, NY 12501

Richard B. Levin

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

Status: In Good Standing Licensed: 49 Years

CONTACT

143 Browning Rd, Hyde Park, NY 12538

Ariadne Santiago Montare

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

Status: In Good Standing Licensed: 30 Years

CONTACT

Rhinebeck, NY 12572

Charles Erwin Tebbe

Commercial Bankruptcy, Insurance, Litigation

Status: Inactive Licensed: 33 Years

CONTACT

35 Pine Woods Rd, Hyde Park, NY 12538

Paul L. Banner

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

515 Haight Ave, Poughkeepsie, NY 12603

Michael John O'Connor

Real Estate, Traffic, Pension & Benefits, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

224 Church St, Poughkeepsie, NY 12601

Kevin A. Prue

Divorce & Family Law, Criminal, Civil & Human Rights, Bankruptcy

Status: In Good Standing

CONTACT

2 Cannon St, Poughkeepsie, NY 12601

Frank P. Izzo

Real Estate, Business, Bankruptcy, Products Liability

Status: In Good Standing

CONTACT

2649 South Rd, Poughkeepsie, NY 12601

Eric Santos

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 8 Years

CONTACT

2649 South Rd, Poughkeepsie, NY 12601

Richard Austin Mitchell

Health Care, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2649 South Rd, Poughkeepsie, NY 12601

800-923-0641

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LEGAL TERMS

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

FDCPA

See Fair Debt Collections & Practices 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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Amenia Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bethany Ann Ralph

Richard B. Levin

Ariadne Santiago Montare

Charles Erwin Tebbe

Paul L. Banner

Michael John O'Connor

Kevin A. Prue

Frank P. Izzo

Eric Santos

Richard Austin Mitchell

TIPS

LEGAL TERMS

GUARANTOR

PREFERENCE

FDCPA

BULK SALES LAW

COSIGNER

ACCORD AND SATISFACTION

GARNISHMENT

WORKOUT

DISCHARGEABLE DEBTS

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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