Blue Island Reorganization Lawyer, Illinois

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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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Gary Irwin Walt

Real Estate, Securities, Corporate, Reorganization

Status: In Good Standing

CONTACT

150 South Wacker Drive, Chicago, IL 60606

Gary Walt

Securities, Corporate, Reorganization, Real Estate

Status: In Good Standing

CONTACT

150 South Wacker Drive, Chicago, IL 60606

Bruce C. Scalambrino

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

One North Lasalle Street, Chicago, IL 60602

Gregory Eugene Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Gregory Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Jay S. Geller

Litigation, Workout, Reorganization, Commercial Bankruptcy

Status: In Good Standing

CONTACT

321 N. Clark Street, Chicago, IL 60654

Brian L. Shaw

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

CONTACT

321 North Clark Street, Chicago, IL 60654

Andrea Leigh Johnson Frost

Bankruptcy, Reorganization, Credit & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Three First National Plaza 70 West Madison Street, Chicago, IL 60602

Michael Nathan Fine

Insurance, Life & Health, Cogeneration, Reorganization

Status: In Good Standing Licensed: 19 Years

CONTACT

227 West Monroe Street, Chicago, IL 60606

800-923-0641

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CREDIT FILE

See credit report.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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Blue Island Reorganization Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gary Irwin Walt

Gary Walt

Bruce C. Scalambrino

Gregory Eugene Spitzer

Gregory Spitzer

Jay S. Geller

Brian L. Shaw

Andrea Leigh Johnson Frost

Michael Nathan Fine

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

PRIORITY DEBT

ACCORD AND SATISFACTION

MEETING OF CREDITORS

NUISANCE FEES

DISCHARGEABLE DEBTS

CREDIT FILE

SECURED DEBT

SECRET WARRANTY PROGRAM

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