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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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George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce

Status:

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243 Wall Street, Kingston, NY 12401

Melvin Thomas Higgins

Real Estate, Child Support, Banking & Finance, Bankruptcy

Status: Licensed: 53 Years

CONTACT

195 Wall St, Kingston, NY 12401

Felicia S Raphael

Bankruptcy, State and Local, Civil Rights, Animal Bite, Criminal

Status: Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Richard Roy Williams

Mass Torts, Litigation, Bankruptcy, Personal Injury

Status: Licensed: 11 Years

CONTACT

244 Fair Street, Kingston, NY 12402

Chester George Krom

Real Estate, Bankruptcy & Debt

Status: Licensed: 54 Years

CONTACT

86 Elmendorf St, Kingston, NY 12401

Matthew Thomas Dunn

Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

260 Fair St, Kingston, NY 12401

Jason Joseph Kovacs

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: Licensed: 21 Years

CONTACT

255 Fair St, Kingston, NY 12402

Nicholas Anthony Pascale

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

Status:

CONTACT

255 Fair Street, Kingston, NY 12402

Rebecca Ann Millouras-Lettre

Family Law, Divorce & Family Law, Bankruptcy & Debt

Status:

CONTACT

736 Broadway, Kingston, NY 12401

John Jay Wadlin

Real Estate, Estate, Bankruptcy, Personal Injury

Status: Licensed: 56 Years

CONTACT

255 Fair St, Kingston, NY 12402

800-814-6700

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

FCRA

See Fair Credit Reporting Act.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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Barrytown Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George W. Redder

Melvin Thomas Higgins

Felicia S Raphael

Richard Roy Williams

Chester George Krom

Matthew Thomas Dunn

Jason Joseph Kovacs

Nicholas Anthony Pascale

Rebecca Ann Millouras-Lettre

John Jay Wadlin

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LEGAL TERMS

LIQUIDATING PARTNER

C CORPORATION

LOSS DAMAGE WAIVER (LDW)

SOLE PROPRIETORSHIP

FCRA

COLLATERAL

LIMITED LIABILITY

TOXIC TORT

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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