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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

George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce

Status: In Good Standing

CONTACT

243 Wall Street, Kingston, NY 12401

Charles Erwin Tebbe

Commercial Bankruptcy, Insurance, Litigation

Status: Inactive Licensed: 33 Years

CONTACT

35 Pine Woods Rd, Hyde Park, NY 12538

Richard B. Levin

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

Status: In Good Standing Licensed: 49 Years

CONTACT

143 Browning Rd, Hyde Park, NY 12538

Saraa A. Zeayter

Real Estate, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

1520 Route 9W, West Park, NY 12493

Kevin A. Prue

Divorce & Family Law, Criminal, Civil & Human Rights, Bankruptcy

Status: In Good Standing

CONTACT

2 Cannon St, Poughkeepsie, NY 12601

Michael John O'Connor

Real Estate, Traffic, Pension & Benefits, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

224 Church St, Poughkeepsie, NY 12601

Paul L. Banner

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

515 Haight Ave, Poughkeepsie, NY 12603

Eric Santos

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 8 Years

CONTACT

2649 South Rd, Poughkeepsie, NY 12601

Frank P. Izzo

Real Estate, Business, Bankruptcy, Products Liability

Status: In Good Standing

CONTACT

2649 South Rd, Poughkeepsie, NY 12601

Richard Austin Mitchell

Health Care, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2649 South Rd, Poughkeepsie, NY 12601

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

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

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

FCRA

See Fair Credit Reporting Act.

CREDIT FILE

See credit report.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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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Hyde Park Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George W. Redder

Charles Erwin Tebbe

Richard B. Levin

Saraa A. Zeayter

Kevin A. Prue

Michael John O'Connor

Paul L. Banner

Eric Santos

Frank P. Izzo

Richard Austin Mitchell

TIPS

LEGAL TERMS

LIQUIDATING PARTNER

SOLE PROPRIETORSHIP

UNSECURED DEBT

ACCORD AND SATISFACTION

TRADE DRESS

GUARANTEED RESERVATION

FCRA

CREDIT FILE

ADMINISTRATIVE EXPENSES

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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