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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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James G. Yastion

Corporate, Collection, Complex Litigation, Credit & Debt

Status: In Good Standing

CONTACT

10 Matthews Street, Goshen, NY 10924

Mark T. Starkman

Administrative Law, Bankruptcy Litigation, Construction Liens, Credit & Debt

Status: In Good Standing

CONTACT

Orange Avenue, Walden, NY 12586

Victoria Lynn Anderson

Federal Appellate Practice, Family Law, Divorce & Family Law, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

1 Mediacom Way, Chester, NY 10918

Victoria Lynn Anderson

General Practice

Status: In Good Standing Licensed: 29 Years

CONTACT

1 Mediacom Way, Chester, NY 10918

Joseph J Haspel

Bankruptcy, Corporate, Credit & Debt, Litigation

Status: In Good Standing Licensed: 41 Years

CONTACT

39 Casimer Rd, Middletown, NY 10941

Gisele Camielle Rosado

Commercial Real Estate, Civil Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

717 Broadway, Newburgh, NY 12550

Michael David Pinsky

Business, Bankruptcy & Debt, Litigation, Credit & Debt

Status: In Good Standing

CONTACT

372 Fullerton Ave, Newburgh, NY 12550

Michael D. Pinsky

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

372 Fullerton Ave, Newburgh, NY 12550

Gisele Camielle Rosado

Commercial Real Estate, Contract, Credit & Debt, Civil Rights

Status: In Good Standing Licensed: 19 Years

CONTACT

717 Broadway, Newburgh, NY 12550

Haskell Rosenfeld

Litigation, Industry Specialties, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2 Perlman Dr, Spring Valley, NY 10977

800-923-0641

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LEGAL TERMS

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FCRA

See Fair Credit Reporting Act.

TRADE NAME

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

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Goshen Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James G. Yastion

Mark T. Starkman

Victoria Lynn Anderson

Victoria Lynn Anderson

Joseph J Haspel

Gisele Camielle Rosado

Michael David Pinsky

Michael D. Pinsky

Gisele Camielle Rosado

Haskell Rosenfeld

TIPS

LEGAL TERMS

C CORPORATION

CREDIT BUREAU

NONEXEMPT PROPERTY

SECURED DEBT

401(K) PLAN

DEBIT CARD

MEANS TEST

FCRA

TRADE NAME

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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