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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Howard Judah Klein

Intellectual Property, Criminal, Business, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

780 Long Beach Blvd, Long Beach, NY 11561

Robert H. Solomon

Real Estate, Elder Law, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

24 E Park Ave, Long Beach, NY 11561

John Joseph Vobis

Other, Lawsuit & Dispute, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

190 Franklin Ave, Island Park, NY 11558

Richard A. Benson

Criminal, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

82 W Waukena Ave, Rockville Centre, NY 11572

Richard A. Benson

Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

82 W Waukena Ave, Rockville Centre, NY 11572

Richard A. Benson

Bankruptcy

Status: Inactive Licensed: 46 Years

CONTACT

Oceanside, NY 11572

Thomas Philip Montefinise

Bankruptcy, Family Law, Criminal, Real Estate

Status: In Good Standing Licensed: 3 Years

CONTACT

2896 Oceanside Rd, Rockville Centre, NY 11572

Ted Eric May

Commercial Real Estate, Business & Trade, Business, Bankruptcy

Status: In Good Standing Licensed: 65 Years

CONTACT

255 Merrick Rd, Rockville Centre, NY 11570

Norman M. Mendelson

Bankruptcy & Debt, Bankruptcy Litigation, Bankruptcy & Debt

Status: In Good Standing

CONTACT

101 Atlantic Ave, Lynbrook, NY 11563

James Martin Gallagher

Consumer Bankruptcy, Wills & Probate, Personal Injury, Real Estate

Status: In Good Standing Licensed: 44 Years

CONTACT

2249 Derby Road (At Sunrise Highway), Baldwin, NY 11510

800-923-0641

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

TRADE NAME

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

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.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

CREDIT FILE

See credit report.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Long Beach Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Howard Judah Klein

Robert H. Solomon

John Joseph Vobis

Richard A. Benson

Richard A. Benson

Richard A. Benson

Thomas Philip Montefinise

Ted Eric May

Norman M. Mendelson

James Martin Gallagher

TIPS

LEGAL TERMS

COLLECTION AGENCY

CREDITOR

C CORPORATION

TRADE NAME

PREFERENCE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

COSIGNER

MEETING OF CREDITORS

CREDIT FILE

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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