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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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Derek Akiwumi

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Accident & Injury, Criminal, Divorce & Family Law, Estate, Bankruptcy & Debt

Derek Akiwumi, representing clients throughout WNY, has a proven reputation for getting the results you need. From criminal defense, appeals, and pers... (more)

CONTACT

800-711-9031

300 International Dr, Buffalo, NY 14221

Ruth Rachel Wiseman

Bankruptcy & Debt, Wills & Probate, Residential Real Estate, Tax

Status: Licensed: 41 Years

CONTACT

9145 Main St, Clarence, NY 14031

Surinder Kaur Virk

Accident & Injury, Bankruptcy, Criminal, Divorce & Family Law

Status: Licensed: 24 Years

CONTACT

300 International Drive, Williamsville, NY 14221

Regina A. Walker

Social Security -- Disability, Employment, Bankruptcy

Status: Licensed: 29 Years

CONTACT

300 International Dr., Buffalo, NY 14221

Daniel Wisher

Family Law, Bankruptcy

Status: Licensed: 21 Years

CONTACT

5678 Main St, Buffalo, NY 14221

Stephen J. Paluch

Bankruptcy, Foreclosure, Real Estate

Status:

CONTACT

105 Crosspoint Pkwy, Getzville, NY 14068

Cyrus Bahram Chubineh

Lawsuit & Dispute, Consumer Rights, Bankruptcy & Debt, Wrongful Death

Status: Licensed: 15 Years

CONTACT

2655 Millersport Hwy., Getzville, NY 14068

Frank Stephen Ieraci

Health Care, Workers' Compensation, Divorce & Family Law, Bankruptcy

Status:

CONTACT

2140 Eggert Rd, Buffalo, NY 14226

Philip Stephen Chamot

Real Estate, Estate Planning, Estate, Commercial Bankruptcy

Status: Licensed: 37 Years

CONTACT

76 West Ave, Lockport, NY 14094

800-923-0641

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LEGAL TERMS

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

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.

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Crittenden Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Derek Akiwumi

Ruth Rachel Wiseman

Surinder Kaur Virk

Regina A. Walker

Daniel Wisher

Stephen J. Paluch

Cyrus Bahram Chubineh

Frank Stephen Ieraci

Philip Stephen Chamot

TIPS

LEGAL TERMS

GUARANTOR

NONEXEMPT PROPERTY

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

CREDITOR

C CORPORATION

LIMITED PARTNERSHIP

SECURED DEBT

INFRINGEMENT (OF TRADEMARK)

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