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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 Gladstein

Bankruptcy, Divorce, Immigration, Commercial Real Estate, Wills

Status: In Good Standing

FREE CONSULTATION

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11821 Queens Boulevard, Forest Hills, NY 11375

Heather Lynn Gregg

Bankruptcy, Commercial Real Estate, Condominiums, Contract

Status: In Good Standing

FREE CONSULTATION

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108-18 Queens Boulevard, Forest Hills, NY 11375

Henry J. Scorcia

Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

15928 96Th St, Jamaica, NY 11414

Keith Rajendra Singh

Commercial Real Estate, Wills, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

107 29 Liberty Ave, Ozone Park, NY 11417

Judy Moses

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

Status: In Good Standing Licensed: 24 Years

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11119 120Th St, South Ozone Park, NY 11420

Richard Kistnen

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

Status: In Good Standing Licensed: 16 Years

CONTACT

12822 Rockaway Blvd, South Ozone Park, NY 11420

Angelo A. Digangi

Credit & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

10105 Lefferts Blvd, South Richmond Hill, NY 11419

Robert Lagarenne

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

Status: In Good Standing Licensed: 37 Years

CONTACT

8716 Woodhaven Blvd, Woodhaven, NY 11421

Bruce Feinstein

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

Status: In Good Standing

CONTACT

86-66 110th St., Richmond Hill, NY 11418

Bruce Irwin Feinstein

Real Estate, Child Custody, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing

CONTACT

8666 110Th St, Kew Gardens, NY 11418

800-923-0641

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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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Howard Beach Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jack Gladstein

Heather Lynn Gregg

Henry J. Scorcia

Keith Rajendra Singh

Judy Moses

Richard Kistnen

Angelo A. Digangi

Robert Lagarenne

Bruce Feinstein

Bruce Irwin Feinstein

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LEGAL TERMS

COLLECTION AGENCY

LIMITED PARTNERSHIP

CHAPTER 7 BANKRUPTCY

SECRET WARRANTY PROGRAM

REPOSSESSION

CREDIT REPORT

NONEXEMPT PROPERTY

DEBIT CARD

WORKOUT

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