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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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Ann W. Manion

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

2106 Genesee St, Utica, NY 13502

Bartle J. Gorman

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 58 Years

CONTACT

150 Genesee St, New Hartford, NY 13413

Beverley Joy Forrest

Dispute Resolution, Bankruptcy

Status: In Good Standing Licensed: 45 Years

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104 N Washington St, Herkimer, NY 13350

Cindy Marie Domingue-Hendrickson

Credit & Debt, Landlord-Tenant, Social Security, Elder Law

Status: In Good Standing

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120 Bleecker St, Utica, NY 13501

Clifford Craig Eisenhut

Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 17 Years

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25 Hopper Street, Utica, NY 13501

David Gurion Goldbas

Real Estate, Divorce & Family Law, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

185 Genesee St, Utica, NY 13501

Diane Marie Martin-Grande

Deportation, Divorce, Divorce & Family Law, Collection

Status: In Good Standing

CONTACT

1200 Floyd Ave, Rome, NY 13440

Edward Dunscomb Earl

Employment, Bankruptcy & Debt

Status: In Good Standing

CONTACT

46 N Park Row, Clinton, NY 13323

Erin P. Champion

Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

10 Broad St, Utica, NY 13501

Grant E. Johnson

Immigration, Estate Planning, Divorce, Bankruptcy

Status: In Good Standing Licensed: 66 Years

CONTACT

405 Court St, Utica, NY 13502

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

FCRA

See Fair Credit Reporting Act.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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Hinckley Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ann W. Manion

Bartle J. Gorman

Beverley Joy Forrest

Cindy Marie Domingue-Hendrickson

Clifford Craig Eisenhut

David Gurion Goldbas

Diane Marie Martin-Grande

Edward Dunscomb Earl

Erin P. Champion

Grant E. Johnson

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

SETOFF

FRAUDULENT TRANSFER

DEBT COLLECTOR

FCRA

GARNISHMENT

REAFFIRMATION

REDEMPTION

AUTOMATIC STAY

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