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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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Gioacchino Prato

Litigation, Business, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

1789 35Th St, Hinsdale, IL 60523

Gioacchino Vincent Prato

Litigation, Business, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

1789 35Th St, Hinsdale, IL 60523

David Keith Barhydt

Landlord-Tenant, Government, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

2901 Butterfield Rd, Hinsdale, IL 60523

David Barhydt

Landlord-Tenant, Government, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

2901 Butterfield Rd, Hinsdale, IL 60523

Nicole Serpico

Bankruptcy, Traffic, Divorce, DUI-DWI

Status: In Good Standing Licensed: 22 Years

CONTACT

18W140 Butterfield Road, Villa Park, IL 60181

Nicole Ann Serpico

Traffic, Divorce, DUI-DWI, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

18W140 Butterfield Road, Villa Park, IL 60181

John Dysart Landry

Divorce, Elder Law, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 50 Years

CONTACT

120 E. Ogden Avenue, Hinsdale, IL 60521

John Landry

Divorce, Elder Law, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 50 Years

CONTACT

120 E. Ogden Avenue, Hinsdale, IL 60521

Gary Paul Mcfarling

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1701 S 1St Ave, Maywood, IL 60153

Gary Mcfarling

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1701 S 1St Ave, Maywood, IL 60153

800-923-0641

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LEGAL TERMS

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

CREDIT FILE

See credit report.

LIQUIDATING PARTNER

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

FCBA

See Fair Credit Billing Act.

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.

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.'

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Berkeley Bankruptcy & Debt Lawyer, Illinois, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gioacchino Prato

Gioacchino Vincent Prato

David Keith Barhydt

David Barhydt

Nicole Serpico

Nicole Ann Serpico

John Dysart Landry

John Landry

Gary Paul Mcfarling

Gary Mcfarling

TIPS

LEGAL TERMS

TRADE DRESS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

BULK SALES LAW

BANKRUPTCY

CREDIT FILE

LIQUIDATING PARTNER

FCBA

PRIORITY DEBT

LOSS DAMAGE WAIVER (LDW)

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