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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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Todd Alan Morth

Consumer Bankruptcy, Credit & Debt, Bankruptcy Litigation

Status: In Good Standing Licensed: 26 Years

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Peter David Grubea

Bankruptcy & Debt, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing Licensed: 31 Years

FREE CONSULTATION

CONTACT

336 Harris Hill Rd, Buffalo, NY 14221

Bruce Devoin Mcallister

Workers' Compensation, Corporate, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

30 Eagle St, Buffalo, NY 14221

Bruce D. Mcallister

Workers' Compensation, Corporate, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

30 Eagle St, Buffalo, NY 14221

Brian R. Goodwin

Commercial Banks, Commercial Real Estate, Credit & Debt, Motor Vehicle, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

97 Virginia Road, Buffalo, NY 14225

Thomas E. Hare

Credit & Debt, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

418 Obrian Hall, Buffalo, NY 14260

Benjamin David Burge

Estate Planning, Credit & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

424 Main St, Buffalo, NY 14202

Maximillian G. Tresmond

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

424 Main St, Buffalo, NY 14202

John Peter Amershadian

Real Estate, Banking & Finance, Business, Credit & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Lisa Ann Kurbiel

Divorce & Family Law, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

240 Selkirk Dr, Lockport, NY 14120

800-923-0641

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LEGAL TERMS

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CCCS

See Consumer Credit Counseling Service.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or 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.

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.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Lancaster Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Todd Alan Morth

Peter David Grubea

Bruce Devoin Mcallister

Bruce D. Mcallister

Brian R. Goodwin

Thomas E. Hare

Benjamin David Burge

Maximillian G. Tresmond

John Peter Amershadian

Lisa Ann Kurbiel

TIPS

LEGAL TERMS

CYBERSQUATTING

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GENERAL PARTNER

DISCHARGEABLE DEBTS

CCCS

GRACE PERIOD

WINDING UP

WORKOUT

UNSECURED DEBT

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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