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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

James S Don

Administrative Law, Dispute Resolution, Bankruptcy, Corporate

Status: In Good Standing

CONTACT

380 North Broadway, Jericho, NY 11753

Arthur Irving Blutter

Litigation, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

497 S Oyster Bay Rd, Plainview, NY 11803

Brad A. Schlossberg

Landlord-Tenant, Divorce, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

6901 Jericho Tpke, Syosset, NY 11791

Brian P. Schechter

Real Estate, Divorce, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

6901 Jericho Turnpike, Syosset, NY 11791

Christopher Lackert

Litigation, Personal Injury, Commercial Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

60 Vincent Rd, Hicksville, NY 11801

Darren Arthur Aronow

Real Estate, Consumer Rights, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

7600 Jericho Turnpike, Woodbury, NY 11797

Darren Arthur Aronow

Real Estate, Consumer Rights, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

7600 Jericho Turnpike, Woodbury, NY 11797

Darren A Aronow

Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

7600 Jericho Turnpike, Woodbury, NY 11797

David S. Zeidman, Esq

Divorce & Family Law, Consumer Bankruptcy, Residential Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

16 Donald Dr., Syosset, NY 11791

Dennis Steven Malen

General Practice

Status: In Good Standing Licensed: 56 Years

CONTACT

123 Frost St, Old Westbury, NY 11590

800-923-0641

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LEGAL TERMS

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CREDIT FILE

See credit report.

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.

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.

FCBA

See Fair Credit Billing Act.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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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East Norwich Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James S Don

Arthur Irving Blutter

Brad A. Schlossberg

Brian P. Schechter

Christopher Lackert

Darren Arthur Aronow

Darren Arthur Aronow

Darren A Aronow

David S. Zeidman, Esq

Dennis Steven Malen

TIPS

LEGAL TERMS

SETOFF

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

IRS EXPENSES

UNDUE HARDSHIP

CREDIT FILE

MEETING OF CREDITORS

GUARANTOR

FCBA

GUARANTEED RESERVATION

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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