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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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Bruce Perlmutter

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

Status: Licensed: 51 Years

CONTACT

51 Broadway, Woodridge, NY 12789

David Alexander Maho

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

Status: Licensed: 28 Years

CONTACT

Woodridge, NY 12789

David John Galalis

Other, Lawsuit & Dispute, Government, Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

414 Broadway, Monticello, NY 12701

Frank A. Lombardi

Lawsuit & Dispute, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

38 Jordan Lane, Middletown, NY 10940

Howard S. Dallow

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 55 Years

CONTACT

225 Dolson Ave, Middletown, NY 10940

Joseph A. Episcopio

Bankruptcy & Debt, Accident & Injury

Status: Licensed: 21 Years

CONTACT

193 Jeffersonville North Branch Rd, Jeffersonville, NY 12748

Kevin Gomez

Real Estate, Wills, Divorce & Family Law, Criminal, Collection

Status: Licensed: 24 Years

CONTACT

Middletown, NY 10940

Michael O'Leary

Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

Middletown, NY 10940

Patrick D. Hickey

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: Licensed: 9 Years

CONTACT

1 Dolson Ave, Middletown, NY 10940

Richard Scott Zirt

Bankruptcy, Consumer Bankruptcy, Traffic, Motor Vehicle

Status:

CONTACT

10 St. John Street, Monticello, NY 12701

800-814-6700

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

Mongaup Valley Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bruce Perlmutter

David Alexander Maho

David John Galalis

Frank A. Lombardi

Howard S. Dallow

Joseph A. Episcopio

Kevin Gomez

Michael O'Leary

Patrick D. Hickey

Richard Scott Zirt

TIPS

LEGAL TERMS

FCBA

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

AUTOMATIC STAY

BULK SALES LAW

CREDIT BUREAU

NONEXEMPT PROPERTY

CREDIT REPORT

MEANS TEST

FDCPA

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