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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

Richard H. Cole

Alimony & Spousal Support, Bankruptcy, Criminal, Divorce

Status:

CONTACT

37 Franklin St., Buffalo, NY 14202

Michaelangelo John Cieri

Criminal, Bankruptcy, Medical Malpractice, Slip & Fall Accident, Car Accident

Status: Licensed: 14 Years

CONTACT

12364 Main Rd, Akron, NY 14001

John Kirby Colling

Traffic, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

Arcade, NY 14009

Frederick Matthew Rarick

Criminal, Bankruptcy

Status: Licensed: 41 Years

CONTACT

39 Ellicott St, Batavia, NY 14020

Lewis Lesses Schwartz

Government, Bankruptcy

Status: Licensed: 29 Years

CONTACT

1231 Delaware Ave, Buffalo, NY 14209

Mark Anthony Carey

Consumer Rights, Bankruptcy & Debt, Civil Rights, Litigation, Consumer Bankruptcy

Status: Licensed: 35 Years

CONTACT

131 N Park Ave, Buffalo, NY 14216

Derek Matthew Brondou

Litigation, Insurance, Business, Commercial Bankruptcy

Status: Licensed: 24 Years

CONTACT

1083 Delaware Ave, Buffalo, NY 14209

Michael J. Gallagher

Workers' Compensation, Constitutional Law, Insurance, Bankruptcy, Products Liability

Status: Licensed: 40 Years

CONTACT

665 Main St, Buffalo, NY 14203

James M. Maloy

Lawsuit & Dispute, Estate, Bankruptcy, Corporate, Personal Injury

Status: Licensed: 45 Years

CONTACT

65 Lincoln Boulevard, Buffalo, NY 14217

Tracey Beth Ehlers

Litigation, Commercial Bankruptcy

Status: Licensed: 20 Years

CONTACT

40 Fountain Plaza, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

CREDIT FILE

See credit report.

FDCPA

See Fair Debt Collections & Practices Act.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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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Java Center Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard H. Cole

Michaelangelo John Cieri

John Kirby Colling

Frederick Matthew Rarick

Lewis Lesses Schwartz

Mark Anthony Carey

Derek Matthew Brondou

Michael J. Gallagher

James M. Maloy

Tracey Beth Ehlers

TIPS

LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

CREDIT INSURANCE

ADMINISTRATIVE EXPENSES

GENERAL PARTNER

CREDIT FILE

FDCPA

C CORPORATION

TOXIC TORT

LIMITED PARTNERSHIP

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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