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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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Thomas H. Mccann

Divorce & Family Law, Divorce & Family Law, Elder Law, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

3 Morton St, Malone, NY 12953

John J. Balkunas

Social Security -- Disability, Personal Injury, Foreclosure, Bankruptcy

Status:

CONTACT

3 Duquette Rd, Cadyville, NY 12918

Darrell L. Bowen

Government, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 42 Years

CONTACT

386 Rand Hill Rd, Morrisonville, NY 12962

Natasha Billow Hill

DUI-DWI, Bankruptcy, Medical Malpractice

Status: Licensed: 27 Years

CONTACT

213 Main St, Massena, NY 13662

Lori Ann Cantwell

Lawsuit & Dispute, Civil & Human Rights, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 34 Years

CONTACT

334 Cornelia St, Plattsburgh, NY 12901

Carolyn R. Hoffmann

Real Estate, Family Law, Business, Bankruptcy & Debt

Status:

CONTACT

100 Court Street, Plattsburgh, NY 12901

William A. Favreau

Landlord-Tenant, Traffic, Wills & Probate, Bankruptcy

Status: Licensed: 41 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Donald Willard Biggs

Landlord-Tenant, Divorce & Family Law, Collection, Bankruptcy

Status: Licensed: 29 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Mark Anderson

Traffic, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

50 Clinton Street, Plattsburgh, NY 12901

Robert Alan Kagan

Real Estate, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

Plattsburgh, NY 12901

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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).

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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Burke Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Thomas H. Mccann

John J. Balkunas

Darrell L. Bowen

Natasha Billow Hill

Lori Ann Cantwell

Carolyn R. Hoffmann

William A. Favreau

Donald Willard Biggs

Mark Anderson

Robert Alan Kagan

TIPS

LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

C CORPORATION

WORKOUT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

FDCPA

REAFFIRMATION

SECRET WARRANTY PROGRAM

LIEN

UNDUE HARDSHIP

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