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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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Tae Hun Kim

Real Estate, Immigration, Commercial Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

19308 Northern Blvd, Flushing, NY 11358

Barbara Wilkanowski

Motor Vehicle, Criminal, Collection, Household Mold

Status: In Good Standing Licensed: 36 Years

CONTACT

18927 39Th Ave, Flushing, NY 11358

Eric H. Gruber

Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

1129 Northern Blvd, Manhasset, NY 11030

Peter Mathew Agulnick

Construction, State Appellate Practice, Insurance, Credit & Debt

Status: In Good Standing

CONTACT

1120 Northern Blvd, Manhasset, NY 11030

Donna Lynn Denton

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

813 Jericho Tpke, New Hyde Park, NY 11040

Philip Aaron Rosen

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

Status: In Good Standing Licensed: 40 Years

CONTACT

11 Hillside Ave, Williston Park, NY 11596

Randi Beth Gilbert

Real Estate, Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

11 Hillside Ave, Williston Park, NY 11596

Rachael Renee Whalen

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

Status: In Good Standing Licensed: 16 Years

CONTACT

262 Old Country Rd, Mineola, NY 11501

Rachael Renee Whalen

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

Status: In Good Standing Licensed: 16 Years

CONTACT

262 Old Country Rd, Mineola, NY 11501

Richard T. Walsh

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

11 Hillside Ave, Williston Park, NY 11596

800-923-0641

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LEGAL TERMS

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

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.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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Great Neck Plaza Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Tae Hun Kim

Barbara Wilkanowski

Eric H. Gruber

Peter Mathew Agulnick

Donna Lynn Denton

Philip Aaron Rosen

Randi Beth Gilbert

Rachael Renee Whalen

Rachael Renee Whalen

Richard T. Walsh

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LEGAL TERMS

CREDIT COUNSELING

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FDCPA

GENERAL PARTNER

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

HOUSEHOLDER

FRAUDULENT TRANSFER

NONPROFIT CORPORATION

WORKOUT

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