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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.
1. Contact
2. E-mail
3. Refer
5. Visit:
6. Website
7. Profile

Louis John Testa

Other, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

Washington Ave, Albany, NY 12224

Steve Kieselstein

Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

125 Wolf Rd, Albany, NY 12205

Paul J. Hyams

Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

90 State St, Albany, NY 12207

James Peter Lagios

Lawsuit & Dispute, Health Care, Business, Bankruptcy & Debt

Status:

CONTACT

9 Thurlow Ter, Albany, NY 12203

Christian Joseph Soller

Litigation, Lawsuit & Dispute, Bankruptcy & Debt, Products Liability

Status: Licensed: 26 Years

CONTACT

677 Broadway, Albany, NY 12207

Terence Leander Kindlon

Criminal, Civil Rights, Civil & Human Rights, Bankruptcy & Debt

Status:

CONTACT

69 Columbia Pl, Albany, NY 12207

Thomas D. Latin

Business, Bankruptcy & Debt

Status: Licensed: 50 Years

CONTACT

54 State St, Albany, NY 12207

Jonathan D. Deily

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

Status:

CONTACT

54 State St, Albany, NY 12207

Steven David Farer

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

Status: Licensed: 50 Years

CONTACT

250 Osborne Rd, Albany, NY 12205

Daniel J. Tyson

Lawsuit & Dispute, Criminal, Bankruptcy & Debt

Status:

CONTACT

677 Broadway, Albany, NY 12207

800-814-6700

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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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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).

LIQUIDATING PARTNER

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

DISCHARGE (OF DEBTS)

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

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Hunter Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Louis John Testa

Steve Kieselstein

Paul J. Hyams

James Peter Lagios

Christian Joseph Soller

Terence Leander Kindlon

Thomas D. Latin

Jonathan D. Deily

Steven David Farer

Daniel J. Tyson

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LEGAL TERMS

IRS EXPENSES

CURRENT MONTHLY INCOME

CREDIT REPORT

LIQUIDATING PARTNER

DISCHARGE (OF DEBTS)

NUISANCE FEES

DEFINED CONTRIBUTION PLAN

FORBEARANCE

DISCHARGEABLE DEBTS

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