Deerfield Collection 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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Haley Schechter

Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

3000 Lakeside Drive, Deerfield, IL 60015

Haley Lynne Schechter

Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

3000 Lakeside Drive, Deerfield, IL 60015

David Hancock Moon

Health Care Other, Government, Civil & Human Rights, Collection

Status: In Good Standing Licensed: 29 Years

CONTACT

707 Lake Cook Road, Chicago, IL 60614

David Moon

Health Care Other, Government, Civil & Human Rights, Collection

Status: In Good Standing Licensed: 29 Years

CONTACT

707 Lake Cook Road, Chicago, IL 60614

Beth Iris Katz

Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

1400 E. Lake Cook Rd., Buffalo Grove, IL 60089

Steven Shaw Potts

Civil Rights, Corporate, Collection, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

2349 Walters Ave, Northbrook, IL 60062

Jennifer J. Gedville

Litigation, Estate Planning, Business, Collection

Status: In Good Standing Licensed: 25 Years

CONTACT

1849 Green Bay Rd, Highland Park, IL 60035

Jennifer Gedville

Litigation, Estate Planning, Business, Collection

Status: In Good Standing Licensed: 25 Years

CONTACT

1849 Green Bay Rd, Highland Park, IL 60035

Elias Christopoulos

Lawsuit & Dispute, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

661 Glenn Avenue, Wheeling, IL 60090

Elias C. Christopoulos

Lawsuit & Dispute, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

661 Glenn Avenue, Wheeling, IL 60090

800-923-0641

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

CREDITOR

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

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.'

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Deerfield Collection Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Haley Schechter

Haley Lynne Schechter

David Hancock Moon

David Moon

Beth Iris Katz

Steven Shaw Potts

Jennifer J. Gedville

Jennifer Gedville

Elias Christopoulos

Elias C. Christopoulos

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LEGAL TERMS

REDEMPTION

CREDITOR

FAIR LABOR STANDARDS ACT (FLSA)

DISCHARGE (OF DEBTS)

PRIORITY DEBT

COLLECTION AGENCY

INTEREST

GARNISHMENT

LOSS DAMAGE WAIVER (LDW)

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