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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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Brian Christopher Fetzko

Criminal, Real Estate, Traffic, Bankruptcy, Bankruptcy & Debt

Status:

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12 Evergreen Dr, Middletown, NY 10940

Bruce Perlmutter

Government, Divorce & Family Law, Business, Bankruptcy & Debt

Status: Licensed: 51 Years

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51 Broadway, Woodridge, NY 12789

David Alexander Maho

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 28 Years

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Woodridge, NY 12789

David Jon Doyaga

Consumer Bankruptcy, Bankruptcy

Status: Licensed: 20 Years

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280 Route 211 E, Middletown, NY 10940

David John Galalis

Other, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status: Licensed: 20 Years

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414 Broadway, Monticello, NY 12701

Joseph J. Haspel

Timeshare, Real Estate, Traffic, Dispute Resolution, Bankruptcy

Status: Licensed: 41 Years

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39 Casimer Rd, Middletown, NY 10941

Joseph A. Episcopio

Bankruptcy & Debt, Accident & Injury

Status: Licensed: 21 Years

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193 Jeffersonville North Branch Rd, Jeffersonville, NY 12748

Joseph Wilson Coburn

Real Estate, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

Pine Bush, NY 12566

Kevin Gomez

Real Estate, Wills, Divorce & Family Law, Criminal, Collection

Status: Licensed: 24 Years

CONTACT

Middletown, NY 10940

Michael O'Leary

Bankruptcy, Bankruptcy & Debt

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CONTACT

Middletown, NY 10940

800-923-0641

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LEGAL TERMS

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

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.

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.

CREDITOR

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

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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Fallsburg Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian Christopher Fetzko

Bruce Perlmutter

David Alexander Maho

David Jon Doyaga

David John Galalis

Joseph J. Haspel

Joseph A. Episcopio

Joseph Wilson Coburn

Kevin Gomez

Michael O'Leary

TIPS

LEGAL TERMS

DISCHARGEABLE DEBTS

BULK SALES LAW

UNSECURED DEBT

CURRENT MONTHLY INCOME

CREDITOR

CREDIT REPORT

GUARANTEED RESERVATION

FRAUDULENT TRANSFER

TRADE DRESS

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