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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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Not enough matches for Livingston Collection lawyer.
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Susan Kathleen Duke

✓ VERIFIED

Criminal, Divorce & Family Law

LLM, Masters of Law, International Taxation

I consider communication to be a key aspect of the lawyer-client relationship, which is why I return phone calls and emails promptly. My clients have ... (more)

CONTACT

800-729-1461

3407 Rochester Road, Lakeville, NY 14480

Raymond Paul Sciarrino

✓ VERIFIED

Criminal, Real Estate, Personal Injury, Traffic, Estate

Licensed: 22 Years

Sciarrino & Sciarrino, P.C. is a criminal law firm serving Rochester and the surrounding areas of Livingston County and Wyoming County. For more than ... (more)

FREE CONSULTATION

CONTACT

800-737-5751

106 Main St, Mount Morris, NY 14510

J. Michael Jones

Litigation

Status: In Good Standing

FREE CONSULTATION

CONTACT

31 Main Street, Geneseo, NY 14454

Gregory J. McCaffrey

General Practice

Status: In Good Standing

FREE CONSULTATION

CONTACT

31 Main Street, Geneseo, NY 14454

Michael William Stivers

Landlord-Tenant, Divorce, Criminal, Car Accident, DUI-DWI

Status: In Good Standing

CONTACT

131 Main St, Geneseo, NY 14454

Peter K. Skivington

Commercial Real Estate, Lawsuit & Dispute, Criminal, Accident & Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

31 Main St, Geneseo, NY 14454

Scott D. Woodruff

White Collar Crime, DUI-DWI, Criminal

Status: In Good Standing

CONTACT

6 Court St, Geneseo, NY 14454

Daniel Ryan Magill

Criminal, Accident & Injury

Status: In Good Standing

CONTACT

2 Court St, Geneseo, NY 14454

David Alan Hoffmann

Lawsuit & Dispute, DUI-DWI, Criminal, Personal Injury

Status: In Good Standing

CONTACT

2 Court St, Geneseo, NY 14454

Scott David Woodruff

White Collar Crime, DUI-DWI, Criminal

Status: In Good Standing Licensed: 14 Years

CONTACT

6 Court St, Geneseo, NY 14454

800-923-0641

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LEGAL TERMS

TRADE NAME

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

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.

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.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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Livingston County, NY Collection Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Susan Kathleen Duke

Raymond Paul Sciarrino

J. Michael Jones

Gregory J. McCaffrey

Michael William Stivers

Peter K. Skivington

Scott D. Woodruff

Daniel Ryan Magill

David Alan Hoffmann

Scott David Woodruff

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LEGAL TERMS

TRADE NAME

REAFFIRMATION

SECURED DEBT

C CORPORATION

PREFERENCE

DEFINED CONTRIBUTION PLAN

CURRENT MONTHLY INCOME

MEETING OF CREDITORS

NONPROFIT CORPORATION

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