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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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Brian Patrick Barrett

Motor Vehicle, Child Custody, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

5676 Cascade Rd, Lake Placid, NY 12946

Carolyn R. Hoffmann

Real Estate, Family Law, Business, Bankruptcy & Debt

Status: In Good Standing

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100 Court Street, Plattsburgh, NY 12901

Darrell L. Bowen

Government, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 42 Years

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386 Rand Hill Rd, Morrisonville, NY 12962

Donald Willard Biggs

Landlord-Tenant, Divorce & Family Law, Collection, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Frank G. Zappala

Bankruptcy & Debt, Social Security, Insurance, Bankruptcy, Lawsuit & Dispute

Status: In Good Standing Licensed: 34 Years

CONTACT

142 Margaret St, Plattsburgh, NY 12901

Gregory M. Dennin

Real Estate, Lawsuit & Dispute, Estate, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

2745 Main St, Lake Placid, NY 12946

Jacqueline Marie Kelleher

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

1 Cumberland Ave, Plattsburgh, NY 12901

Jessica L Miller

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

1 Cumberland Ave, Plattsburgh, NY 12901

Jill Choate Beier

Estate Planning, Criminal, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1936 Saranac Ave, Lake Placid, NY 12946

John J. Balkunas

Social Security -- Disability, Personal Injury, Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

3 Duquette Rd, Cadyville, NY 12918

800-923-0641

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LEGAL TERMS

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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Au Sable Forks Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian Patrick Barrett

Carolyn R. Hoffmann

Darrell L. Bowen

Donald Willard Biggs

Frank G. Zappala

Gregory M. Dennin

Jacqueline Marie Kelleher

Jessica L Miller

Jill Choate Beier

John J. Balkunas

TIPS

LEGAL TERMS

CREDIT INSURANCE

SUBROGATION

BANKRUPTCY TRUSTEE

ABUSE

MEETING OF CREDITORS

WORKOUT

NUISANCE FEES

LIMITED LIABILITY

REAFFIRMATION

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