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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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Richard S. Feinsilver

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Real Estate, Bankruptcy, Bankruptcy & Debt

Your Long Island Bankruptcy Lawyer - 25 yrs exp.

Over the past 25 years, lawyer Richard Feinsilver has represented in excess of 6,000 clients in the prosecution of consumer and business bankruptcy pr... (more)

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800-977-1321

One Old Country Road, Carle Place, NY 11514

Elliot Scott Schlissel

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Divorce & Family Law, Criminal, Real Estate, Wills & Probate, Bankruptcy & Debt

I am available to help my clients 7 days a week.

The Law Offices of Schlissel DeCorpo is composed of attorneys and paralegals who are caring, dedicated professionals contributing experience and exper... (more)

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800-718-3171

479 Merrick Rd, Lynbrook, NY 11563

Scott R. Schneider

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Bankruptcy & Debt, Immigration

My name is Scott R. Schneider, and I'm committed to bringing more than two decades of bankruptcy law experience to help you unburden yourself if you a... (more)

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800-725-7891

117 Broadway, Hicksville, NY 11801

Alan Thomas Schmidlin

Collection, Condominiums, Conveyancing, Foreclosure

Status: In Good Standing

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200 Garden City Plaza, Garden City, NY 11530

Moriah Adamo

Bankruptcy, Estate Planning, Guardianships & Conservatorships, Litigation

Status: In Good Standing

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3 Dakota Drive, Lake Success, NY 11042

Parshhueram T. Misir

Construction, Real Estate, Litigation, Bankruptcy

Status: In Good Standing

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170 Old Country Road, Mineola, NY 11501

Sean P. Lenihan

Bankruptcy, Family Law, Landlord-Tenant, Litigation

Status: In Good Standing

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1111 Marcus Avenue, New Hyde Park, NY 11042

Barbara Stegun Phair

Patent, Mental Health, Licensing, Collection

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1111 Marcus Avenue, New Hyde Park, NY 11042

Dorothy J. Santos

Bankruptcy, Estate Administration, Estate Planning

Status: In Good Standing

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1111 Marcus Avenue, New Hyde Park, NY 11042

Jerry Merola

Tax, Bankruptcy & Debt, Criminal, Business

Status: In Good Standing

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91 N. Franklin Street, Hempstead, NY 11550

800-923-0641

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LEGAL TERMS

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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Hempstead Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard S. Feinsilver

Elliot Scott Schlissel

Scott R. Schneider

Alan Thomas Schmidlin

Moriah Adamo

Parshhueram T. Misir

Sean P. Lenihan

Barbara Stegun Phair

Dorothy J. Santos

Jerry Merola

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LEGAL TERMS

UNSECURED DEBT

HOUSEHOLDER

GENERAL PARTNER

CREDIT INSURANCE

TRUTH IN LENDING ACT (TILA)

FRATERNAL BENEFIT SOCIETY BENEFITS

DISPOSABLE INCOME

SECURED DEBT

LIQUIDATING PARTNER

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