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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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John H. Thomas

Bankruptcy, Landlord-Tenant, Real Estate, Litigation

Status: In Good Standing

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158 Orange Avenue, Walden, NY 12586

Mark T. Starkman

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

Status: In Good Standing

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Orange Avenue, Walden, NY 12586

David Alexander Maho

Divorce & Family Law, Criminal, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 28 Years

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Woodridge, NY 12789

Bruce Perlmutter

Government, Divorce & Family Law, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

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51 Broadway, Woodridge, NY 12789

Richard Scott Zirt

Bankruptcy, Consumer Bankruptcy, Traffic, Motor Vehicle

Status: In Good Standing

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10 St. John Street, Monticello, NY 12701

Joseph Wilson Coburn

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

Status: In Good Standing Licensed: 45 Years

CONTACT

Pine Bush, NY 12566

David John Galalis

Other, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

414 Broadway, Monticello, NY 12701

Michael Nelson Chamberlain

General Practice

Status: In Good Standing Licensed: 44 Years

CONTACT

Kerhonkson, NY 12446

Paul Damian Shaheen

Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

623 Granite Rd, Kerhonkson, NY 12446

Robert F Cohen

Real Estate, Sexual Harassment, Discrimination, Business Organization, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

Smallwood, NY 12778

800-923-0641

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LEGAL TERMS

CREDIT FILE

See credit report.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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).

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.

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Greenfield Park Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John H. Thomas

Mark T. Starkman

David Alexander Maho

Bruce Perlmutter

Richard Scott Zirt

Joseph Wilson Coburn

David John Galalis

Michael Nelson Chamberlain

Paul Damian Shaheen

Robert F Cohen

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LEGAL TERMS

CREDIT FILE

AUTOMATIC STAY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

BANKRUPTCY

GENERAL PARTNER

BANKRUPTCY TRUSTEE

COSIGNER

CREDIT REPORT

NONEXEMPT PROPERTY

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