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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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Michelle Lynn Wolfenden

Child Custody, Divorce & Family Law, Business, Bankruptcy

Status: Licensed: 17 Years

CONTACT

9517 Brewerton Rd, Brewerton, NY 13029

Erik Sobkiewicz

Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

17 High Street, Carthage, NY 13619

Rafferty Elizabeth Taylor

Litigation, Medical Products & Devices, Commercial Bankruptcy, Products Liability

Status:

CONTACT

537 Riverside Dr, Clayton, NY 13624

Wallace Vancortlandt Auser

Criminal, Civil Rights, Collection, Household Mold

Status: Licensed: 49 Years

CONTACT

226 Oneida St, Fulton, NY 13069

Rocco L. Versace

Traffic, Bankruptcy

Status: Licensed: 56 Years

CONTACT

113 Rose Ln, Rome, NY 13440

Diane Marie Martin-Grande

Deportation, Divorce, Divorce & Family Law, Collection

Status:

CONTACT

1200 Floyd Ave, Rome, NY 13440

Meade Hubbard Versace

Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

113 Rose Ln, Rome, NY 13440

Donald A. Denton

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: Licensed: 54 Years

CONTACT

1400 Mony Plz, Syracuse, NY 13202

David P Antonucci

Criminal, Civil Rights, Bankruptcy, Animal Bite, Class Action

Status: Licensed: 37 Years

CONTACT

12 Public Sq, Watertown, NY 13601

Steven C Haas

Real Estate, Litigation, Estate, Bankruptcy & Debt

Status: Licensed: 52 Years

CONTACT

215 Washington St, Watertown, NY 13601

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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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Belleville Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michelle Lynn Wolfenden

Erik Sobkiewicz

Rafferty Elizabeth Taylor

Wallace Vancortlandt Auser

Rocco L. Versace

Diane Marie Martin-Grande

Meade Hubbard Versace

Donald A. Denton

David P Antonucci

Steven C Haas

TIPS

LEGAL TERMS

GARNISHMENT

PRIORITY DEBT

S CORPORATION

TOXIC TORT

NONPROFIT CORPORATION

TRADE NAME

DEBT COLLECTOR

DISPOSABLE INCOME

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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