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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

John Vaughn Trop

Bankruptcy

Status: Licensed: 37 Years

CONTACT

120 White Plains Rd, Tarrytown, NY 10591

Kenneth Michael Lewis

Litigation, Corporate, Reorganization, Commercial Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

220 White Plains Rd, Tarrytown, NY 10591

Thomas Moed Geiger

Wills & Probate, Family Law, Bankruptcy, Car Accident

Status: Licensed: 54 Years

CONTACT

220 White Plains Rd, Tarrytown, NY 10591

Roderick David Woods

Education, Foreclosure, Motor Vehicle, Bankruptcy

Status: Licensed: 17 Years

CONTACT

520 White Plains Rd, Tarrytown, NY 10591

David Edward Hoffberg

Accident & Injury, Consumer Bankruptcy, Workers' Compensation, Medical Malpractice

Status:

CONTACT

570 Taxter Rd, Elmsford, NY 10523

Ellen B. Silverman

Litigation, Divorce & Family Law, Banking & Finance, Consumer Bankruptcy

Status:

CONTACT

555 Taxter Rd, Elmsford, NY 10523

Natasha Chantel Meruelo

Real Estate, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

303 S Broadway, Tarrytown, NY 10591

Todd Steven Cushner

Bankruptcy & Debt, Foreclosure, Estate, Bankruptcy, Lawsuit & Dispute

Status: Licensed: 23 Years

FREE CONSULTATION

CONTACT

399 Knollwood Rd, White Plains, NY 10603

Mark Howard Brenner

Bankruptcy

Status: Licensed: 41 Years

CONTACT

603 Warburton Ave, Hastings On Hudson, NY 10706

Ronald L. Konove

Litigation, Private Schools, Commercial Bankruptcy, Prenuptial Agreements

Status: Licensed: 53 Years

CONTACT

301 Old Tarrytown Rd, White Plains, NY 10603

800-923-0641

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800-943-8690

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

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.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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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Irvington Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Vaughn Trop

Kenneth Michael Lewis

Thomas Moed Geiger

Roderick David Woods

David Edward Hoffberg

Ellen B. Silverman

Natasha Chantel Meruelo

Todd Steven Cushner

Mark Howard Brenner

Ronald L. Konove

TIPS

LEGAL TERMS

FCBA

FORBEARANCE

IRS EXPENSES

FRAUDULENT TRANSFER

LIABILITY

CHAPTER 13 PLAN

UNSECURED DEBT

DOING BUSINESS AS (DBA)

NO-FAULT INSURANCE

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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