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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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Carolyn Marie Nugent

Special Education, Education, Employment, Commercial Bankruptcy

Status: Licensed: 19 Years

CONTACT

Getzville, NY 14068

Charles Patrick Inclima

Lawsuit & Dispute, Divorce & Family Law, Criminal, Bankruptcy

Status: Licensed: 51 Years

CONTACT

160 Linden Oaks St, Rochester, NY 14625

Charles Conrad Welch

Bankruptcy

Status: Licensed: 29 Years

CONTACT

1722 Lake Rd, Hamlin, NY 14464

Cheryl A. Heller

Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

300 State St, Rochester, NY 14614

Cheryl-Lane Heather Bechakas

Commercial Real Estate, Electronic Commerce, Trusts, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 29 Years

CONTACT

5330 Main St, Buffalo, NY 14221

Chris T. Brunea

Estate, Criminal, Civil & Human Rights, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

609 Harris Hill Rd., Lancaster, NY 14086

Christopher K. Werner

Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

145 Culver Rd, Rochester, NY 14620

Christopher Matthew Missick

Landlord-Tenant, Real Estate, Business, Credit & Debt

Status: Licensed: 16 Years

CONTACT

7181 Brent Knl, Victor, NY 14564

Christopher John Tyrpak

Real Estate, International, Estate, Bankruptcy & Debt

Status: Licensed: 13 Years

CONTACT

2560 Walden Ave, Buffalo, NY 14225

Claire Fraze Galbraith

Employee Rights, Securities, Bankruptcy, Household Mold, Trusts

Status: Licensed: 13 Years

CONTACT

350 Linden Oaks, Rochester, NY 14625

800-814-6700

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800-943-8690

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LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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Byron Bankruptcy & Debt Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Carolyn Marie Nugent

Charles Patrick Inclima

Charles Conrad Welch

Cheryl A. Heller

Cheryl-Lane Heather Bechakas

Chris T. Brunea

Christopher K. Werner

Christopher Matthew Missick

Christopher John Tyrpak

Claire Fraze Galbraith

TIPS

LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

DEBT COLLECTOR

AUTOMATIC STAY

NONEXEMPT PROPERTY

DOING BUSINESS AS (DBA)

PRESUMED ABUSE

DISPOSABLE INCOME

CHAPTER 13 PLAN

GRACE PERIOD

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