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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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Vincent Orsland Ladd

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: Licensed: 58 Years

CONTACT

Warsaw, NY 14569

Robert L. Jacobson

Collection

Status: Licensed: 44 Years

CONTACT

1080 Pittsford Victor Rd, Pittsford, NY 14534

Robert Dahl Schultz

Landlord-Tenant, Real Estate, Divorce & Family Law, Credit & Debt

Status: Licensed: 45 Years

CONTACT

1080 Pittsford Victor Rd, Pittsford, NY 14534

Kevin Wayne Tompsett

Business, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

99 Garnsey Rd, Pittsford, NY 14534

Beth Ela Wilkens

Public Finance, Corporate, Business, Credit & Debt

Status: Licensed: 50 Years

CONTACT

99 Garnsey Rd, Pittsford, NY 14534

Joseph Gerald Pelych

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Wills

Status: Licensed: 42 Years

CONTACT

211 Main St, Hornell, NY 14843

Vanessa Hanks

Immigration, Contract, Credit & Debt, Collection

Status:

FREE CONSULTATION

CONTACT

Farmington, NY 14425

Laura A. Mullin

Business, Commercial Bankruptcy

Status: Licensed: 22 Years

CONTACT

40 Wildbriar Rd, Rochester, NY 14623

Ross Joseph Cammarata

Lawsuit, Estate, Business, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

20 Wildbriar Rd, Rochester, NY 14623

David F. Mayer

Title Insurance, Dispute Resolution, Criminal, Civil & Human Rights, Bankruptcy

Status:

CONTACT

755 Jefferson Road,, Rochester, NY 14623

800-923-0641

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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.

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.

FCBA

See Fair Credit Billing Act.

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.

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.'

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

LIQUIDATING PARTNER

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

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Conesus Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Vincent Orsland Ladd

Robert L. Jacobson

Robert Dahl Schultz

Kevin Wayne Tompsett

Beth Ela Wilkens

Joseph Gerald Pelych

Vanessa Hanks

Laura A. Mullin

Ross Joseph Cammarata

David F. Mayer

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LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

S CORPORATION

FCBA

NONEXEMPT PROPERTY

LOSS DAMAGE WAIVER (LDW)

DEFINED CONTRIBUTION PLAN

GENERAL PARTNER

PREFERENCE

LIQUIDATING PARTNER

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