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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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Ann W. Manion

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

2106 Genesee St, Utica, NY 13502

Bartle J. Gorman

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 58 Years

CONTACT

150 Genesee St, New Hartford, NY 13413

Beverley Joy Forrest

Dispute Resolution, Bankruptcy

Status: Licensed: 45 Years

CONTACT

104 N Washington St, Herkimer, NY 13350

Cindy Marie Domingue-Hendrickson

Credit & Debt, Landlord-Tenant, Social Security, Elder Law

Status:

CONTACT

120 Bleecker St, Utica, NY 13501

Clifford Craig Eisenhut

Divorce & Family Law, Bankruptcy

Status: Licensed: 17 Years

CONTACT

25 Hopper Street, Utica, NY 13501

David Gurion Goldbas

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

Status: Licensed: 39 Years

CONTACT

185 Genesee St, Utica, NY 13501

Erin P. Champion

Estate, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

10 Broad St, Utica, NY 13501

G Kevin Ludlow

Real Estate, Other, Estate, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

Sauquoit, NY 13456

Grant E. Johnson

Immigration, Estate Planning, Divorce, Bankruptcy

Status: Licensed: 66 Years

CONTACT

405 Court St, Utica, NY 13502

J.K. Hage

Communication & Media Law, Family Law, Corporate, Reorganization

Status:

CONTACT

283 Genesee Street, Utica, NY 13501

800-814-6700

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LEGAL TERMS

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

CREDIT FILE

See credit report.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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Herkimer Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ann W. Manion

Bartle J. Gorman

Beverley Joy Forrest

Cindy Marie Domingue-Hendrickson

Clifford Craig Eisenhut

David Gurion Goldbas

Erin P. Champion

G Kevin Ludlow

Grant E. Johnson

J.K. Hage

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LEGAL TERMS

DISCHARGEABLE DEBTS

CCCS

SECURED DEBT

CURRENT MONTHLY INCOME

CREDIT FILE

LOSS DAMAGE WAIVER (LDW)

UNSECURED DEBT

S CORPORATION

CHAPTER 7 BANKRUPTCY

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