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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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John Peter Brooke

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Bankruptcy & Debt, Divorce & Family Law, Foreclosure, Wills & Probate, Real Estate

My law firm is a full-service practice specializing in the areas of bankruptcy, foreclosure defense, mortgage/loan modifications as well as other area... (more)

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CONTACT

800-576-3140

85 W. Main Street, Bay Shore, NY 11706

Alan Michael Schlissel

Estate, Business, Bankruptcy & Debt

Status: Licensed: 28 Years

CONTACT

85 W Main St, Bay Shore, NY 11706

Alan Scott Trust

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

290 Federal Plaza, Central Islip, NY 11722

Anadel Canale

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

Status: Licensed: 30 Years

CONTACT

1805 5th Ave, Bay Shore, NY 11706

Bennett Ross Shelsky

Business, Residential Real Estate, Divorce & Family Law, Contract, Commercial Bankruptcy

Status: Licensed: 30 Years

CONTACT

1 John St, Babylon, NY 11702

Brittany A. Fiorenza

Litigation, Divorce, DUI-DWI, Bankruptcy

Status:

CONTACT

120 4Th Ave, Bay Shore, NY 11706

Christian D. Charron

Business, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 26 Years

CONTACT

1410 Union Blvd, Bay Shore, NY 11706

Christine H. Black

Bankruptcy & Debt

Status: Licensed: 44 Years

CONTACT

560 Federal Plaza, Central Islip, NY 11722

Cory Hal Morris

Government, Criminal, Administrative Law, Credit & Debt

Status: Licensed: 12 Years

CONTACT

863 Islip Ave, Central Islip, NY 11722

Cory John Covert

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

128 Carleton Ave, East Islip, NY 11730

800-814-6700

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LEGAL TERMS

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

TRADE NAME

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

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

CREDIT FILE

See credit report.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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Brightwaters Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Peter Brooke

Alan Michael Schlissel

Alan Scott Trust

Anadel Canale

Bennett Ross Shelsky

Brittany A. Fiorenza

Christian D. Charron

Christine H. Black

Cory Hal Morris

Cory John Covert

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LEGAL TERMS

GRACE PERIOD

MEETING OF CREDITORS

TRADE NAME

TRADE DRESS

CREDIT FILE

ABUSE

COLLATERAL

TRUTH IN LENDING ACT (TILA)

BANKRUPTCY TRUSTEE

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