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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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Patrick Noe

Business Organization, Family Law, Eminent Domain, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

1301 North Forest Road, Buffalo, NY 14221

James Michael Joyce

General Practice

Status: In Good Standing Licensed: 38 Years

CONTACT

4733 Transit Rd, Depew, NY 14043

Richard John Biryla

Real Estate, Lawsuit & Dispute, Estate, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

14 Lafayette Square, Buffalo, NY 14203

Mitchell M. Stenger

Other, Patent, Industry Specialties, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

69 Delaware Ave, Buffalo, NY 14202

Joseph J. Marusak

Patent, DUI-DWI, Collection, Products Liability

Status: In Good Standing Licensed: 43 Years

CONTACT

69 Delaware Ave, Buffalo, NY 14202

Gerald Chiari

Collection

Status: In Good Standing Licensed: 53 Years

CONTACT

1440 Rand Building, Buffalo, NY 14203

Vincent Lotempio

Trademark, Patent, Intellectual Property, Collection

Status: In Good Standing

CONTACT

8555 Main St, Buffalo, NY 14221

Roseanne J. Moran

Collection

Status: In Good Standing Licensed: 25 Years

CONTACT

4476 Main St, Buffalo, NY 14226

Vincent G. Lo Tempio

Intellectual Property, DUI-DWI, Collection, Products Liability

Status: In Good Standing Licensed: 38 Years

CONTACT

8555 Main St, Buffalo, NY 14221

Charlotte Werner-Kohler

Commercial Real Estate, Civil & Human Rights, Collection, Household Mold

Status: In Good Standing

CONTACT

350 Main St, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

CCCS

See Consumer Credit Counseling Service.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

LIQUIDATING PARTNER

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

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.

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.

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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Concord Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patrick Noe

James Michael Joyce

Richard John Biryla

Mitchell M. Stenger

Joseph J. Marusak

Gerald Chiari

Vincent Lotempio

Roseanne J. Moran

Vincent G. Lo Tempio

Charlotte Werner-Kohler

TIPS

LEGAL TERMS

FCRA

C CORPORATION

BULK SALES LAW

CCCS

ADMINISTRATIVE EXPENSES

LIQUIDATING PARTNER

MEETING OF CREDITORS

ACCORD AND SATISFACTION

SECRET WARRANTY PROGRAM

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