Lincolnwood Reorganization Lawyer, Illinois

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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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Brian L. Shaw

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

CONTACT

321 North Clark Street, Chicago, IL 60654

Jay S. Geller

Litigation, Workout, Reorganization, Commercial Bankruptcy

Status: In Good Standing

CONTACT

321 N. Clark Street, Chicago, IL 60654

Bruce C. Scalambrino

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

One North Lasalle Street, Chicago, IL 60602

Gregory Eugene Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Gregory Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Gary Irwin Walt

Real Estate, Securities, Corporate, Reorganization

Status: In Good Standing

CONTACT

150 South Wacker Drive, Chicago, IL 60606

Gary Walt

Securities, Corporate, Reorganization, Real Estate

Status: In Good Standing

CONTACT

150 South Wacker Drive, Chicago, IL 60606

Andrea Leigh Johnson Frost

Bankruptcy, Reorganization, Credit & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Three First National Plaza 70 West Madison Street, Chicago, IL 60602

Michael Nathan Fine

Insurance, Life & Health, Cogeneration, Reorganization

Status: In Good Standing Licensed: 19 Years

CONTACT

227 West Monroe Street, Chicago, IL 60606

800-923-0641

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LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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.

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Lincolnwood Reorganization Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian L. Shaw

Jay S. Geller

Bruce C. Scalambrino

Gregory Eugene Spitzer

Gregory Spitzer

Gary Irwin Walt

Gary Walt

Andrea Leigh Johnson Frost

Michael Nathan Fine

TIPS

LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

TRUTH IN LENDING ACT (TILA)

WINDING UP

REAFFIRMATION

INFRINGEMENT (OF TRADEMARK)

CREDITOR

CHAPTER 7 BANKRUPTCY

AUTOMATIC STAY

CREDIT BUREAU

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