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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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Adam Bradley McCall

Land Use & Zoning, Litigation, Collection, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

661 Glenn Ave, Wheeling, IL 60090

Alex Pirogovsky

Litigation, Collection, Divorce, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

3000 Dundee Road, Northbrook, IL 60062

Alex Pirogovsky

Litigation, Collection, Divorce, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

3000 Dundee Road, Northbrook, IL 60062

Alexander Preber

Foreclosure, Litigation, Collection, Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

790 Chaddick Dr, Wheeling, IL 60090

Ashley Darryl Dworsky

Visa, Immigration, State Appellate Practice, Child Support, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

95 Larkdale Rd, Deerfield, IL 60015

Beth Iris Katz

Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

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

Cameron Reilly

International Tax, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

Highland Park, IL 60035

Constance Conole Carey

General Practice

Status: In Good Standing Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Constance Carey

General Practice

Status: In Good Standing Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

David Alan Pines

Construction, Litigation, Occupational Safety & Health, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

113 Mchenry Rd, Buffalo Grove, IL 60089

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

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.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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Deerfield Collection Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Adam Bradley McCall

Alex Pirogovsky

Alex Pirogovsky

Alexander Preber

Ashley Darryl Dworsky

Beth Iris Katz

Cameron Reilly

Constance Conole Carey

Constance Carey

David Alan Pines

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LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

SECRET WARRANTY PROGRAM

CURRENT MONTHLY INCOME

SUBROGATION

BULK SALES LAW

NONEXEMPT PROPERTY

MEETING OF CREDITORS

IRS EXPENSES

SOLE PROPRIETORSHIP

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