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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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Jack Harold Halperin

Credit & Debt

Status: In Good Standing Licensed: 54 Years

CONTACT

361 Silver Ct, Woodmere, NY 11598

Syma Freda Diamond

Divorce & Family Law, Divorce, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

4 Waverly Pl, Lawrence, NY 11559

Issac Cwibeker

Bankruptcy & Debt, Credit & Debt, Business, Lawsuit & Dispute, Criminal

Status: In Good Standing Licensed: 9 Years

FREE CONSULTATION

CONTACT

483 Chestnut Street, Cedarhurst, NY 11516

David Ruskin

Family Law, Credit & Debt, Foreclosure

Status: In Good Standing Licensed: 3 Years

CONTACT

445 Central Ave, Cedarhurst, NY 11516

Igor Meystelman

Family Law, Bankruptcy, Litigation, Intellectual Property, Credit & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

445 Central Avenue, Cedarhurst, NY 11516

Leonard M. Ross

Corporate, Contract, Business Organization, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

265 Sunrise Hwy, Rockville Centre, NY 11570

Sean Parlakian

Bankruptcy & Debt, Collection, Credit & Debt, Workout

Status: In Good Standing Licensed: 19 Years

FREE CONSULTATION

CONTACT

138 East Park Avenue, Long Beach, NY 11561

Howard A. Schwartz

Immigration, Divorce & Family Law, Criminal, Credit & Debt

Status: In Good Standing

CONTACT

125 E Broadway, Long Beach, NY 11561

800-923-0641

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LEGAL TERMS

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

FCBA

See Fair Credit Billing Act.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

LIQUIDATING PARTNER

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

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Hewlett Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jack Harold Halperin

Syma Freda Diamond

Issac Cwibeker

David Ruskin

Igor Meystelman

Leonard M. Ross

Sean Parlakian

Howard A. Schwartz

TIPS

LEGAL TERMS

IRS EXPENSES

SUBROGATION

FCBA

DEFINED CONTRIBUTION PLAN

DOING BUSINESS AS (DBA)

FRAUDULENT TRANSFER

WORKOUT

LIQUIDATING PARTNER

TOXIC TORT

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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