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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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David Ian Pankin

Workout, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

48 Willoughby St, MetroTech, Brooklyn, NY 11201

Alex Markhasin

Construction, Contract, Workout, Personal Injury

Status: Licensed: 11 Years

CONTACT

1247 Avenue, Brooklyn, NY 11235

Sean Parlakian

Bankruptcy & Debt, Collection, Credit & Debt, Workout

Status: Licensed: 19 Years

FREE CONSULTATION

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138 East Park Avenue, Long Beach, NY 11561

John F. Bricker

Banking & Finance, Workout

Status: Licensed: 44 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

Karen M Platt

Children's Rights, Workout, Reorganization, Bankruptcy, Litigation

Status: Licensed: 25 Years

CONTACT

7 Times Square, New York, NY 10036

Michelle Kathleen Mcmahon

Workout, Reorganization, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

44 Wall St, New York, NY 10005

George Robertson Howard

Litigation, Workout, Reorganization, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

Antonia Golianopoulos

Workers' Compensation, Workout, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

1221 Avenue Of The Americas, New York, NY 10020

Eric Sleeper

Litigation, Corporate, Workout, Reorganization, Commercial Bankruptcy

Status:

CONTACT

1095 Avenue of the Americas, 38th Fl., New York, NY 10001

Ronald Joseph Silverman

Litigation, International, Workout, Commercial Bankruptcy, Car Accident

Status: Licensed: 33 Years

CONTACT

390 Madison Ave, New York, NY 10017

800-923-0641

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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.

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.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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Flushing Workout Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Ian Pankin

Alex Markhasin

Sean Parlakian

John F. Bricker

Karen M Platt

Michelle Kathleen Mcmahon

George Robertson Howard

Antonia Golianopoulos

Eric Sleeper

Ronald Joseph Silverman

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LEGAL TERMS

ACCORD AND SATISFACTION

HOUSEHOLDER

GUARANTEED RESERVATION

NO-FAULT INSURANCE

NUISANCE FEES

LIMITED LIABILITY

CURRENT MONTHLY INCOME

GENERAL PARTNER

DISPOSABLE INCOME

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