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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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Jessica Terranova

Litigation, Bankruptcy, Estate, Divorce & Family Law, Estate Planning

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CONTACT

100 Hospital Rd, Patchogue, NY 11772

Marc Andrew Kramer

Employment Discrimination, Family Law, Corporate, Collection

Status: Licensed: 23 Years

CONTACT

70 Medford Ave, Patchogue, NY 11772

Lisa Anne Carey

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

83 John St, Patchogue, NY 11772

Nicole Maria Cardiello

Foreclosure, Transactions, Banking & Finance, Bankruptcy & Debt

Status: Licensed: 23 Years

CONTACT

70 Medford Ave, Patchogue, NY 11772

Raymond W. Verdi

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

178 E Main St, Patchogue, NY 11772

Robert Walter Dapelo

Accident & Injury, Bankruptcy, Criminal, Divorce & Family Law, Family Law

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110 North Ocean Avenue, Patchogue, NY 11772

Jonathan W Lipshie

Real Estate, Bankruptcy & Debt

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CONTACT

71 Barley Lane, Patchogue, NY 11772

John Edward Messinetti

Traffic, Estate Planning, Elder Law, Bankruptcy

Status: Licensed: 56 Years

CONTACT

210 William Floyd Pkwy, Shirley, NY 11967

John Edward Messinetti

Traffic, Estate Planning, Elder Law, Bankruptcy

Status: Licensed: 56 Years

CONTACT

210 William Floyd Pkwy, Shirley, NY 11967

Mel Jacoby

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

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691 Montauk Highway, Shirley, NY 11967

800-814-6700

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LEGAL TERMS

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.

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.

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.

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.

FCRA

See Fair Credit Reporting Act.

FDCPA

See Fair Debt Collections & Practices Act.

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.

TRADE NAME

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

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.

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Bellport Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jessica Terranova

Marc Andrew Kramer

Lisa Anne Carey

Nicole Maria Cardiello

Raymond W. Verdi

Robert Walter Dapelo

Jonathan W Lipshie

John Edward Messinetti

John Edward Messinetti

Mel Jacoby

TIPS

LEGAL TERMS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

PREFERENCE

GENERAL PARTNER

DEBT COLLECTOR

FCRA

FDCPA

S CORPORATION

TRADE NAME

401(K) PLAN

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