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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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Daniel Gartenstein

Collection

Status: Licensed: 33 Years

CONTACT

Kingston, NY 12402

Nancy T. Riseley

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 57 Years

CONTACT

111 Green St, Kingston, NY 12401

Chester George Krom

Real Estate, Bankruptcy & Debt

Status: Licensed: 54 Years

CONTACT

86 Elmendorf St, Kingston, NY 12401

David Ellis Blabey

Bankruptcy & Debt

Status: Licensed: 57 Years

CONTACT

27 Wexford Rd, Delmar, NY 12054

Mitchell Harvey Spinac

Bankruptcy, Divorce & Family Law, Child Custody, Divorce

Status: Licensed: 45 Years

CONTACT

325 Wall St, Kingston, NY 12401

Javier Jose Mendez Rodriguez

Bankruptcy, Employment, Real Estate

Status: Licensed: 10 Years

CONTACT

9 Winding Brook Dr., Guilderland, NY 12084

Felicia S Raphael

Bankruptcy, State and Local, Civil Rights, Animal Bite, Criminal

Status: Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Nicholas Anthony Pascale

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

Status:

CONTACT

255 Fair Street, Kingston, NY 12402

John Jay Wadlin

Real Estate, Estate, Bankruptcy, Personal Injury

Status: Licensed: 56 Years

CONTACT

255 Fair St, Kingston, NY 12402

Jason Joseph Kovacs

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: Licensed: 21 Years

CONTACT

255 Fair St, Kingston, NY 12402

800-923-0641

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LEGAL TERMS

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

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Grand Gorge Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Daniel Gartenstein

Nancy T. Riseley

Chester George Krom

David Ellis Blabey

Mitchell Harvey Spinac

Javier Jose Mendez Rodriguez

Felicia S Raphael

Nicholas Anthony Pascale

John Jay Wadlin

Jason Joseph Kovacs

TIPS

LEGAL TERMS

CHAPTER 7 BANKRUPTCY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

NO-FAULT INSURANCE

LOSS DAMAGE WAIVER (LDW)

INFRINGEMENT (OF TRADEMARK)

DISPOSABLE INCOME

FAIR LABOR STANDARDS ACT (FLSA)

C CORPORATION

DISCHARGE (OF DEBTS)

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