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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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Michael Joseph Keane

Litigation, Biotechnology, Federal Appellate Practice, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Stephan B. Gleich

Litigation, Corporate, Contract, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

36 South Station Plaza, Great Neck, NY 11021

Ira S. Newman

Sexual Harassment, Elder Law, Banking & Finance, Credit & Debt

Status: In Good Standing

CONTACT

20 Devon Rd, Great Neck, NY 11023

Raymond David Radow

Commercial Real Estate, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

1010 Northern Blvd, Great Neck, NY 11021

Adam Todd Berkowitz

Commercial Real Estate, Lawsuit & Dispute, Business Organization, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Burton Saul Weston

Commercial Real Estate, Business Organization, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

John Peter Kraljic

Health Care Other, Health Care, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Raymond Radow

Commercial Real Estate, Litigation, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

1010 Northern Blvd, Great Neck, NY 11021

Sean Michael Walsh

Employee Rights, Native People, Contract, Collection

Status: In Good Standing Licensed: 51 Years

CONTACT

25010 Northern Blvd, Little Neck, NY 11362

Peter A. Saad

Criminal, Accident & Injury, Collection, Litigation, Landlord-Tenant

Status: In Good Standing Licensed: 22 Years

FREE CONSULTATION

CONTACT

114 Old Country Rd, Mineola, NY 11501

800-923-0641

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800-943-8690

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

FCRA

See Fair Credit Reporting Act.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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Great Neck Plaza Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Joseph Keane

Stephan B. Gleich

Ira S. Newman

Raymond David Radow

Adam Todd Berkowitz

Burton Saul Weston

John Peter Kraljic

Raymond Radow

Sean Michael Walsh

Peter A. Saad

TIPS

LEGAL TERMS

FCBA

INFRINGEMENT (OF TRADEMARK)

COLLATERAL

LIEN

SETOFF

COLLECTION AGENCY

FCRA

DISPOSABLE INCOME

CREDIT REPORT

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