Arlington Heights Bankruptcy & Debt Lawyer, Illinois

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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 H. Sparacino

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Estate, Bankruptcy & Debt

Joseph H. Sparacino is a practicing lawyer in the state of Illinois.

CONTACT

847-259-5700

1845 E. Rand Rd. Suite 211, Arlington Heights, IL 60004

Karl H. Magnus

Residential Real Estate, Wills & Probate, Trusts, Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

FREE CONSULTATION

CONTACT

3030 Salt Creek Ln., Arlington Heights, IL 60005

Daniel Robin

Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

121 S. Wilke Road, Arlington Heights, IL 60005

Randall Alan Wolff

Personal Injury, Car Accident, Slip & Fall Accident, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

3325 N. Arlington Heights Rd 500, Arlington Heights, IL 60004

Cary A. Lind

Estate Planning, Contract, Business Organization, Collection

Status: In Good Standing Licensed: 51 Years

CONTACT

1655 N Arlington Hts Rd, Arlington Heights, IL 60004

Margaret Mary Cahill

Real Estate, Transactions, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

513 S Dryden Pl, Arlington Heights, IL 60005

Donald J. Cosley

Child Support, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

1855 Rohlwing Road, Rolling Meadows, IL 60008

David Siegel

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

790 Chaddick Drive, Wheeling, IL 60090

John Harold Zelenka

Adoption, Civil Rights, Contract, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

2118 Plum Grove Road, Rolling Meadows, IL 60008

Shani P. Jarrett

Commercial Real Estate, Real Estate, Litigation, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

1600 Golf Road, Rolling Meadows, IL 60008

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDITOR

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

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.

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.

CCCS

See Consumer Credit Counseling Service.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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Arlington Heights Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joseph H. Sparacino

Karl H. Magnus

Daniel Robin

Randall Alan Wolff

Cary A. Lind

Margaret Mary Cahill

Donald J. Cosley

David Siegel

John Harold Zelenka

Shani P. Jarrett

TIPS

LEGAL TERMS

GARNISHMENT

ABUSE

CREDITOR

401(K) PLAN

ACCORD AND SATISFACTION

CCCS

GENERAL PARTNER

HOUSEHOLDER

ADMINISTRATIVE EXPENSES

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