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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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Stamatia Kampitsis Dewbury

International, Divorce, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

53 Gleneida Avenue, Carmel, NY 10512

William John Frohne

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

103 Church Hill Rd, Carmel, NY 10512

Conrad Pasquale

Motor Vehicle, Workers' Compensation, Child Custody, Collection

Status: In Good Standing

CONTACT

48 Gleneida Ave, Carmel, NY 10512

Rick S. Cowle

Real Estate, Business, Bankruptcy & Debt, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

18 Fair St, Carmel, NY 10512

B Faye Thorpe

Government, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

110 Old Rte. 6, Carmel, NY 10512

Nancy Corrigan

Consumer Protection, Litigation, Business Organization, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

71 Richardsville Road, Carmel, NY 10512

Christopher Xavier Maher

Accident & Injury, Criminal, Divorce & Family Law, Bankruptcy & Debt, Traffic

Status: In Good Standing Licensed: 39 Years

FREE CONSULTATION

CONTACT

105 Gleneida Ave, Carmel, NY 10512

Francis J. O'Reilly

Bankruptcy & Debt, Credit & Debt

Status: In Good Standing Licensed: 36 Years

FREE CONSULTATION

CONTACT

1961 Route 6, Carmel, NY 10512

Taran M. Provost

Real Estate, Government, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

227 Willow Drive, Mahopac, NY 10541

Cornelius Patrick Mccarthy

Intellectual Property, Divorce & Family Law, Business, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

612 N Lake Blvd, Mahopac, NY 10541

800-923-0641

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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Kent Cliffs Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Stamatia Kampitsis Dewbury

William John Frohne

Conrad Pasquale

Rick S. Cowle

B Faye Thorpe

Nancy Corrigan

Christopher Xavier Maher

Francis J. O'Reilly

Taran M. Provost

Cornelius Patrick Mccarthy

TIPS

LEGAL TERMS

TRADE NAME

NUISANCE FEES

SECURED DEBT

DEFINED CONTRIBUTION PLAN

DOING BUSINESS AS (DBA)

DEBIT CARD

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

BANKRUPTCY

NONPROFIT CORPORATION

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