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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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Issac Cwibeker

Bankruptcy & Debt, Credit & Debt, Business, Lawsuit & Dispute, Criminal

Status: Licensed: 9 Years

FREE CONSULTATION

CONTACT

483 Chestnut Street, Cedarhurst, NY 11516

Gerard Michael Bambrick

Real Estate, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

318 Carnation Ave, Floral Park, NY 11001

Simon Benjamin Landsberg

Lawsuit & Dispute, Business, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 19 Years

CONTACT

299 Jericho Tpke, Floral Park, NY 11001

Jeanne A. Greco

Adoption, Divorce & Family Law, Business, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

672 Dogwood Ave, Franklin Square, NY 11010

Steven Thomas Hansen

Education, Dispute Resolution, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 29 Years

CONTACT

828 Hempstead Tpke, Franklin Square, NY 11010

John E. Molinari

Other, Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 52 Years

CONTACT

148 S Long Beach Ave, Freeport, NY 11520

Brian Fraser Sharpe

Lawsuit & Dispute, International, Immigration, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

148 S Long Beach Ave, Freeport, NY 11520

Stanley J. Goldberg

Credit & Debt

Status: Licensed: 63 Years

CONTACT

30 S Ocean Ave, Freeport, NY 11520

Gerald Harvey Green

Estate, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 65 Years

CONTACT

72 Guy Lombardo Ave, Freeport, NY 11520

Lawrence Stuart Lefkowitz

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

Status: Licensed: 27 Years

CONTACT

72 Guy Lombardo Ave, Freeport, NY 11520

800-923-0641

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LEGAL TERMS

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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Lynbrook Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Issac Cwibeker

Gerard Michael Bambrick

Simon Benjamin Landsberg

Jeanne A. Greco

Steven Thomas Hansen

John E. Molinari

Brian Fraser Sharpe

Stanley J. Goldberg

Gerald Harvey Green

Lawrence Stuart Lefkowitz

TIPS

LEGAL TERMS

GRACE PERIOD

BULK SALES LAW

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GENERAL PARTNER

DEBT COLLECTOR

INFRINGEMENT (OF TRADEMARK)

REAFFIRMATION

FORBEARANCE

CREDIT COUNSELING

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