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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

Cheryl-Lane Heather Bechakas

Commercial Real Estate, Electronic Commerce, Trusts, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

5330 Main St, Buffalo, NY 14221

Christina Valerie Crowe

General Practice

Status: In Good Standing Licensed: 17 Years

CONTACT

290 Main St, Buffalo, NY 14202

Christine Marie Jurusik

Landlord-Tenant, Immigration, Child Support, Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Courtney R. Williams

Foreclosure, Litigation, Election & Political, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

1775 Wehrle Dr, Buffalo, NY 14221

Daniel E. Brick

Other, Real Estate, Government, Bankruptcy

Status: In Good Standing Licensed: 55 Years

CONTACT

91 Tremont St, Lockport, NY 14120

Daniel Wisher

Family Law, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

5678 Main St, Buffalo, NY 14221

Darren Michael Swetz

Real Estate, Trusts, Estate, Bankruptcy

Status: In Good Standing

CONTACT

5488 Sheridan Dr, Buffalo, NY 14221

David Brian Smith

Employee Rights, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 31 Years

CONTACT

475 Delaware Ave, Buffalo, NY 14202

Dennis R. Dawson

Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

Geneseo, NY 14454

Derek Matthew Brondou

Litigation, Insurance, Business, Commercial Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

1083 Delaware Ave, Buffalo, NY 14209

800-923-0641

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LEGAL TERMS

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

FCBA

See Fair Credit Billing Act.

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.

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.

CCCS

See Consumer Credit Counseling Service.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Cheryl-Lane Heather Bechakas

Christina Valerie Crowe

Christine Marie Jurusik

Courtney R. Williams

Daniel E. Brick

Daniel Wisher

Darren Michael Swetz

David Brian Smith

Dennis R. Dawson

Derek Matthew Brondou

TIPS

LEGAL TERMS

SUBROGATION

AUTOMATIC STAY

FCBA

ADMINISTRATIVE EXPENSES

GENERAL PARTNER

UNSECURED DEBT

CCCS

MEANS TEST

NONEXEMPT PROPERTY

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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