Lake County, IL Collection Lawyers

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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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Christopher B. Morozin

Bankruptcy, Collection, Contract, Criminal

Status:

FREE CONSULTATION

CONTACT

74 East Grand Avenue, Fox Lake, IL 60020

Jed Howard Stone

DUI-DWI, Criminal, Civil Rights, Banking & Finance, Collection

Status:

CONTACT

415 Washington Street, Waukegan, IL 60085

Gary Mages

Collection, Transactions, Commercial Real Estate, Commercial Real Estate, Civil Rights

Status: Licensed: 34 Years

CONTACT

1110 W Lake Cook Rd, Buffalo Grove, IL 60089

Jennifer J. Gedville

Litigation, Estate Planning, Business, Collection

Status: Licensed: 25 Years

CONTACT

1849 Green Bay Rd, Highland Park, IL 60035

David Hazan

Litigation, Transactions, Collection, Bankruptcy

Status:

CONTACT

111 North County Street, Waukegan, IL 60085

Marc Price

Collection, Transactions, Banking & Finance, Banking & Finance, Civil Rights

Status: Licensed: 34 Years

CONTACT

1110 Lake Cook Dr, Buffalo Grove, IL 60089

Michelle Lynn Golden

Real Estate, Business, Collection, Bankruptcy & Debt

Status: Licensed: 23 Years

CONTACT

1110 W Lake Cook Rd, Buffalo Grove, IL 60089

Rosemary S. Berquist

Collection

Status: Licensed: 33 Years

CONTACT

117 South Cook Street, Barrington, IL 60010

Marlon Troy Suskin

Estate Planning, Divorce & Family Law, Elder Law, Collection

Status: Licensed: 29 Years

CONTACT

1590 S. Milwaukee Avenue, Libertyville, IL 60048

Bryant Gomez

Litigation, Collection

Status: Licensed: 20 Years

CONTACT

750 W. Lake Cook Road, Buffalo Grove, IL 60089

800-923-0641

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LEGAL TERMS

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

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Lake County, IL Collection Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christopher B. Morozin

Jed Howard Stone

Gary Mages

Jennifer J. Gedville

David Hazan

Marc Price

Michelle Lynn Golden

Rosemary S. Berquist

Marlon Troy Suskin

Bryant Gomez

TIPS

LEGAL TERMS

401(K) PLAN

DEFINED CONTRIBUTION PLAN

LIEN

PREFERENCE

GENERAL PARTNER

WORKOUT

CREDIT BUREAU

GUARANTEED RESERVATION

DEBIT CARD

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