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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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Scott Adam Steinberg

Commercial Real Estate, Corporate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

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190 Willis Ave, Mineola, NY 11501

Raymond David Marquez

Litigation, Business, Bankruptcy, Medical Malpractice

Status: In Good Standing

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170 Old Country Rd, Mineola, NY 11501

Mary Ann Catalano

Trusts, Estate, Employment, Reorganization

Status: In Good Standing

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1122 Franklin Ave, Garden City, NY 11530

Arnold M. Bottalico

Foreclosure, Mass Torts, Insurance, Bankruptcy, Personal Injury

Status: In Good Standing

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1225 Franklin Ave, Garden City, NY 11530

Jacqueline M. Della Chiesa

Bankruptcy & Debt, Foreclosure, Credit & Debt, Litigation

Status: In Good Standing

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401 Franklin Avenue, Garden City, NY 11530

Peter Mathew Agulnick

Construction, State Appellate Practice, Insurance, Credit & Debt

Status: In Good Standing

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1120 Northern Blvd, Manhasset, NY 11030

Brian Stephan Devery

Foreclosure, Estate Planning, Business, Bankruptcy

Status: In Good Standing

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393 Jericho Turnpike, Mineola, NY 11501

Rhoda Y. Andors

Administrative Law, Reorganization, Wrongful Termination, Civil Rights

Status: In Good Standing

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98 Cutter Mill Road, Great Neck, NY 11021

David Minsoo Pyun

Real Estate, Immigration, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

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38-39 Bell Blvd, Bayside, NY 11361

Steven Ben Gordon

Family Law, Divorce, Business & Trade, Bankruptcy

Status: In Good Standing

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6143 186Th St, Fresh Meadows, NY 11365

800-923-0641

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LEGAL TERMS

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.

CREDIT FILE

See credit report.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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 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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

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Glen Oaks Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott Adam Steinberg

Raymond David Marquez

Mary Ann Catalano

Arnold M. Bottalico

Jacqueline M. Della Chiesa

Peter Mathew Agulnick

Brian Stephan Devery

Rhoda Y. Andors

David Minsoo Pyun

Steven Ben Gordon

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

CREDIT FILE

TRADE NAME

SETOFF

FAIR CREDIT BILLING ACT (FCBA)

DOING BUSINESS AS (DBA)

FAIR CREDIT REPORTING ACT (FCRA)

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

C CORPORATION

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