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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Frank Prestia

Corporate, Commercial Real Estate, Commercial Bankruptcy, Intellectual Property

Status: In Good Standing Licensed: 20 Years

CONTACT

223 Wall St, Huntington, NY 11743

Alexandros Tsionis

Foreclosure, Lending, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

38 New St, Huntington, NY 11743

Kelly Victoria Decker

Occupational Safety & Health, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 8 Years

CONTACT

141 E Main St, Huntington, NY 11743

Andrew M. Doktofsky

Commercial Real Estate, Credit & Debt, Collection, Bankruptcy

Status: In Good Standing

CONTACT

52 Elm St, Huntington, NY 11743

Neil Eric Weissman

Landlord-Tenant, Divorce & Family Law, DUI-DWI, Bankruptcy

Status: In Good Standing

CONTACT

233 Wall St, Huntington, NY 11743

Richard Leigh Stern

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

38 New St, Huntington, NY 11743

Georgia Skevofilax

Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

145 Pidgeon Hill Rd, Huntington Station, NY 11746

Carl Thomas Grasso

Commercial Real Estate, Litigation, Insurance, Commercial Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

24 Brookhill Ln, Huntington, NY 11743

Raymond Kim

Bankruptcy

Status: In Good Standing

CONTACT

Woodbury, NY 11797

Adam Charles Gomerman

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

807 E Jericho Tpke, Huntington Station, NY 11746

800-923-0641

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LEGAL TERMS

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

FDCPA

See Fair Debt Collections & Practices Act.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Huntington Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Frank Prestia

Alexandros Tsionis

Kelly Victoria Decker

Andrew M. Doktofsky

Neil Eric Weissman

Richard Leigh Stern

Georgia Skevofilax

Carl Thomas Grasso

Raymond Kim

Adam Charles Gomerman

TIPS

LEGAL TERMS

FORBEARANCE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FDCPA

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

TRADE NAME

SUBROGATION

DEFINED CONTRIBUTION PLAN

PREFERENCE

HOUSEHOLDER

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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