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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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Alexandros Tsionis

Foreclosure, Lending, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 8 Years

CONTACT

38 New 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

David Ilan Witkon

Trusts, DUI-DWI, Credit & Debt, Medical Malpractice

Status: In Good Standing

CONTACT

223 Wall St, Huntington, NY 11743

Glenn A. Krebs

Immigration, Credit & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

100 Crossways Park Dr W, Woodbury, NY 11797

Karen Marie Dowd

Employment Contracts, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

63 Cherry Ln, Syosset, NY 11791

Michael Dennis Bosso

Lawsuit & Dispute, Immigration, Employment, Credit & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

100 Crossways Park Dr W, Woodbury, NY 11797

Peter G. Zavatsky

Commercial Real Estate, Foreclosure, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

Syosset, NY 11791

Ronald D. Weiss

Landlord-Tenant, Foreclosure, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 36 Years

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CONTACT

734 Walt Whitman Rd, Melville, NY 11747

800-923-0641

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800-943-8690

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

CCCS

See Consumer Credit Counseling Service.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CREDIT FILE

See credit report.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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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Huntington Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alexandros Tsionis

Andrew M. Doktofsky

David Ilan Witkon

Glenn A. Krebs

Karen Marie Dowd

Michael Dennis Bosso

Peter G. Zavatsky

Ronald D. Weiss

TIPS

LEGAL TERMS

401(K) PLAN

CCCS

LIMITED LIABILITY

INFRINGEMENT (OF TRADEMARK)

CREDIT FILE

BULK SALES LAW

UNSECURED DEBT

FRATERNAL BENEFIT SOCIETY BENEFITS

LIEN

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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