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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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Richard H. Cole

Alimony & Spousal Support, Bankruptcy, Criminal, Divorce

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CONTACT

37 Franklin St., Buffalo, NY 14202

Jeffrey K. Moncher

Real Estate, Workers' Compensation, Divorce & Family Law, Bankruptcy & Debt

Status:

CONTACT

37 Franklin St., Buffalo, NY 14202

John Albert Cappellini

White Collar Crime, Estate Planning, Bankruptcy, Contract, Natural Resources

Status: Licensed: 27 Years

CONTACT

1 East Main St., Cuba, NY 14727

Richard John Biryla

Real Estate, Lawsuit & Dispute, Estate, Collection

Status: Licensed: 46 Years

CONTACT

14 Lafayette Square, Buffalo, NY 14203

Kyle Clark Didone

Real Estate, Government, DUI-DWI, Bankruptcy

Status: Licensed: 17 Years

CONTACT

424 Main Street, Buffalo, NY 14202

Daniel Joseph Bobbett

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

Status: Licensed: 12 Years

CONTACT

350 Main Street, Buffalo, NY 14202

Krista Gottlieb

Mediation, Arbitration, Employment Discrimination, Dissolution

Status: Licensed: 45 Years

CONTACT

43 Court Street, Buffalo, NY 14202

Gary Bluestein

Bankruptcy, Tax

Status:

CONTACT

Buffalo, NY 14202

800-814-6700

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LEGAL TERMS

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FCRA

See Fair Credit Reporting Act.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDIT FILE

See credit report.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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Machias Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard H. Cole

Jeffrey K. Moncher

John Albert Cappellini

Richard John Biryla

Kyle Clark Didone

Daniel Joseph Bobbett

Krista Gottlieb

Gary Bluestein

TIPS

LEGAL TERMS

GUARANTEED RESERVATION

WINDING UP

LIMITED LIABILITY

FCRA

SETOFF

ABUSE

CREDIT FILE

FAIR CREDIT BILLING ACT (FCBA)

ACCORD AND SATISFACTION

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