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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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James P Mullally

Family Law, Banking & Finance, Collection, Bankruptcy

Status:

FREE CONSULTATION

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19333 East Grant Highway, Marengo, IL 60152

Thomas Gosselin

Business Organization, Collection, Commercial Real Estate, Defamation & Slander

Status:

CONTACT

2425 Royal Blvd, Elgin, IL 60123

Jeffrey Rifken

Civil Rights, Collection, Divorce, Transactions

Status: Licensed: 52 Years

CONTACT

12274 Daphne Drive, Huntley, IL 60142

Michael G. Cortina

Litigation, Banking & Finance, Business, Collection

Status: Licensed: 26 Years

CONTACT

475 W Terra Cotta Ave, Crystal Lake, IL 60014

Michael Cortina

Litigation, Banking & Finance, Business, Collection

Status: Licensed: 27 Years

CONTACT

2460 Lake Shore Drive, Woodstock, IL 60098

William Pulak

Landlord-Tenant, Divorce, Business, Collection

Status: Licensed: 33 Years

CONTACT

110 W Prairie St, Marengo, IL 60152

Carl Lloyd Ganibi Santos

Collection, Landlord-Tenant, Civil Rights, Business, Business & Trade

Status: Licensed: 22 Years

CONTACT

2500 Westfield Dr, Elgin, IL 60124

David Gervais

Divorce, Civil Rights, Collection, Personal Injury

Status:

CONTACT

Mchenry County Government Ctr, Crystal Lake, IL 60098

John Frederick Hurlbut

Arbitration, Criminal, Administrative Law, Collection, Real Estate

Status: Licensed: 40 Years

CONTACT

574 N Mclean Blvd, Elgin, IL 60123

Carey Schulze

Traffic, Divorce, DUI-DWI, Collection

Status: Licensed: 23 Years

CONTACT

17 E Ave, Crystal Lake, IL 60014

800-923-0641

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

DISCHARGE (OF DEBTS)

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

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

FCBA

See Fair Credit Billing Act.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

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Huntley Collection Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James P Mullally

Thomas Gosselin

Jeffrey Rifken

Michael G. Cortina

Michael Cortina

William Pulak

Carl Lloyd Ganibi Santos

David Gervais

John Frederick Hurlbut

Carey Schulze

TIPS

LEGAL TERMS

NONDISCHARGEABLE DEBTS

MEETING OF CREDITORS

SECURED DEBT

DISCHARGE (OF DEBTS)

AUTOMATIC STAY

BANKRUPTCY TRUSTEE

FCBA

ABUSE

DEBIT CARD

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