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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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Theron Edwin Howard

Foreclosure, State Government, Estate Planning, Banking & Finance, Collection

Status: Licensed: 48 Years

CONTACT

15 Clay St, Le Roy, NY 14482

Scott Anthony Bylewski

Divorce, DUI-DWI, Collection, Products Liability

Status: Licensed: 26 Years

CONTACT

5861 Goodrich Rd, Clarence Center, NY 14032

Kelly M. Ciccone

Family Law, Collection, Bankruptcy

Status: Licensed: 25 Years

CONTACT

1081 Long Pond Rd, Rochester, NY 14626

Vincent Gregory Lo Tempio

Intellectual Property, DUI-DWI, Collection, Products Liability

Status:

CONTACT

8433 William Smith Way, Buffalo, NY 14221

Mindy Lee Zoghlin

State and Local, State and Local, Environmental Law, Divorce, Collection

Status: Licensed: 41 Years

CONTACT

300 State St, Rochester, NY 14614

James Stuart Grossman

Tax, Commercial Real Estate, Health Care Other, Collection

Status: Licensed: 51 Years

CONTACT

100 Chestnut St, Rochester, NY 14604

Bridget Elizabeth Marsh

Landlord-Tenant, Collection, Personal Injury

Status: Licensed: 9 Years

CONTACT

Rochester, NY 14625

Mark Edward Czajkowski

Landlord-Tenant, Divorce & Family Law, Contract, Collection

Status: Licensed: 28 Years

CONTACT

80 W Main St, Rochester, NY 14614

Mark Andrew Foti

Criminal, Consumer Protection, Collection, Household Mold

Status:

CONTACT

16 W Main St, Rochester, NY 14614

Agostino V. Coccia

Foreclosure, Consumer Protection, Collection, Personal Injury

Status:

CONTACT

One East Main Street, Rochester, NY 14614

800-814-6700

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800-943-8690

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LEGAL TERMS

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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Elba Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Theron Edwin Howard

Scott Anthony Bylewski

Kelly M. Ciccone

Vincent Gregory Lo Tempio

Mindy Lee Zoghlin

James Stuart Grossman

Bridget Elizabeth Marsh

Mark Edward Czajkowski

Mark Andrew Foti

Agostino V. Coccia

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LEGAL TERMS

ACCORD AND SATISFACTION

UNSECURED DEBT

TOXIC TORT

REPOSSESSION

MEETING OF CREDITORS

FAIR CREDIT REPORTING ACT (FCRA)

FORBEARANCE

HOUSEHOLDER

BULK SALES LAW

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