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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

George Samuel King

Motor Vehicle, Bankruptcy, Immigration

Status: Licensed: 50 Years

CONTACT

Albany, NY 12205

Bruce Charles Bramley

Landlord-Tenant, Government, Criminal, Bankruptcy

Status: Licensed: 49 Years

CONTACT

230 Washington Avenue Ext, Albany, NY 12203

John William Bailey

Lawsuit, Criminal, Bankruptcy, Accident & Injury

Status:

CONTACT

5 Pine West Plaza, Albany, NY 12205

Erika Catherine Browne

Litigation, Civil Rights, Corporate, Commercial Bankruptcy

Status: Licensed: 19 Years

CONTACT

255 Washington Avenue Ext, Albany, NY 12205

Michael Niels Bruno

Real Estate, Estate, Divorce & Family Law, Bankruptcy

Status:

CONTACT

52 Corporate Cir, Albany, NY 12203

Patrick Sorsby

Traffic, Immigration, Trusts, Bankruptcy

Status: Licensed: 13 Years

CONTACT

1568 Central Ave, Albany, NY 12205

Samuel Warner

Government, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

6 Automation Ln, Albany, NY 12205

Alexis Elizabeth Kim

Litigation, Contract, Bankruptcy, Personal Injury

Status: Licensed: 9 Years

CONTACT

200 Great Oaks Blvd, Albany, NY 12203

Roger M Mallery

Bankruptcy, Real Estate, Trusts, Wills & Probate, Child Custody

Status: Licensed: 69 Years

CONTACT

545 Main St, Cobleskill, NY 12043

Mario David Cometti

Real Estate, Estate Planning, Business & Trade, Consumer Bankruptcy, Family Law

Status: Licensed: 33 Years

CONTACT

Delmar, NY 12054

800-814-6700

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LEGAL TERMS

CREDIT FILE

See credit report.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDITOR

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

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Dormansville Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George Samuel King

Bruce Charles Bramley

John William Bailey

Erika Catherine Browne

Michael Niels Bruno

Patrick Sorsby

Samuel Warner

Alexis Elizabeth Kim

Roger M Mallery

Mario David Cometti

TIPS

LEGAL TERMS

CREDIT FILE

CREDIT COUNSELING

UNSECURED DEBT

CREDIT BUREAU

MEETING OF CREDITORS

CREDIT INSURANCE

FAIR CREDIT BILLING ACT (FCBA)

ABUSE

CREDITOR

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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