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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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Dennis Francis Dowd

Family Law, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

671 Montauk Hwy, Bayport, NY 11705

Vincent Cuocci

Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

870 Montauk Highway, Bayport, NY 11705

Robert J. Rosenberg

Bankruptcy & Debt

Status: In Good Standing Licensed: 54 Years

CONTACT

24 Oak Meadow Ln, Bellport, NY 11713

Rosemarie Bruno

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

3771 Nesconset Hwy, Centereach, NY 11720

Craig Robins

Employment Discrimination, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: In Good Standing

CONTACT

479 Middle Country Road, Coram, NY 11727

Stanley Weiner

International, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

22 Stargazer Dr, Eastport, NY 11941

Krista Elaine Siederman

Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

1176 Portion Rd, Holtsville, NY 11742

Joseph Mario Mauro

Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

7 Bayberry Ct, Holtsville, NY 11742

John Joseph Gonzalez

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: In Good Standing

CONTACT

3237 Route 112, Medford, NY 11763

Richard Andrew Jacoby

DUI-DWI, Collection, Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

1737 N Ocean Ave, Medford, NY 11763

800-923-0641

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LEGAL TERMS

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

TRADE NAME

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

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

FCRA

See Fair Credit Reporting Act.

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.

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Brookhaven Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Dennis Francis Dowd

Vincent Cuocci

Robert J. Rosenberg

Rosemarie Bruno

Craig Robins

Stanley Weiner

Krista Elaine Siederman

Joseph Mario Mauro

John Joseph Gonzalez

Richard Andrew Jacoby

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

HOUSEHOLDER

FAIR CREDIT REPORTING ACT (FCRA)

LIMITED LIABILITY

SETOFF

TRADE NAME

C CORPORATION

FCRA

CYBERSQUATTING

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