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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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Patrick Noe

Business Organization, Family Law, Eminent Domain, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

1301 North Forest Road, Buffalo, NY 14221

Daria Lynnette Pratcher

Commercial Real Estate, Real Estate, Business & Trade, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

37 Franklin St, Buffalo, NY 14202

Joseph J. Marusak

Patent, DUI-DWI, Collection, Products Liability

Status: In Good Standing Licensed: 43 Years

CONTACT

69 Delaware Ave, Buffalo, NY 14202

Mitchell M. Stenger

Other, Patent, Industry Specialties, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

69 Delaware Ave, Buffalo, NY 14202

William Edward Nowakowski

Lawsuit & Dispute, Collection, Bankruptcy & Debt, Products Liability

Status: In Good Standing Licensed: 40 Years

CONTACT

69 Delaware Ave, Buffalo, NY 14202

Richard John Biryla

Real Estate, Lawsuit & Dispute, Estate, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

14 Lafayette Square, Buffalo, NY 14203

Gerald Chiari

Collection

Status: In Good Standing Licensed: 53 Years

CONTACT

1440 Rand Building, Buffalo, NY 14203

Vincent Lotempio

Trademark, Patent, Intellectual Property, Collection

Status: In Good Standing

CONTACT

8555 Main St, Buffalo, NY 14221

Roseanne J. Moran

Collection

Status: In Good Standing Licensed: 25 Years

CONTACT

4476 Main St, Buffalo, NY 14226

Vincent G. Lo Tempio

Intellectual Property, DUI-DWI, Collection, Products Liability

Status: In Good Standing Licensed: 38 Years

CONTACT

8555 Main St, Buffalo, NY 14221

800-923-0641

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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Farnham Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patrick Noe

Daria Lynnette Pratcher

Joseph J. Marusak

Mitchell M. Stenger

William Edward Nowakowski

Richard John Biryla

Gerald Chiari

Vincent Lotempio

Roseanne J. Moran

Vincent G. Lo Tempio

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

SECURED DEBT

FAIR CREDIT BILLING ACT (FCBA)

DEBT COLLECTOR

GENERAL PARTNER

S CORPORATION

C CORPORATION

DISCHARGE (OF DEBTS)

GUARANTOR

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