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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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Rosemarie E. Matera

Litigation, Corporate, Business Organization, Bankruptcy, Bankruptcy & Debt

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FREE CONSULTATION

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664 Chestnut Ridge Road, Spring Valley, NY 10977

Jonathan Hook

Industry Specialties, Bankruptcy & Debt

Status:

CONTACT

178 Route 59, Suffern, NY 10952

Jeffrey L. Sapir

Real Estate, Bankruptcy & Debt

Status:

CONTACT

10 Topaz Ct, Suffern, NY 10901

Arnold Philip Etelson

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 63 Years

CONTACT

1 Executive Blvd, Suffern, NY 10901

Michael Leslie Klein

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

2 Executive Blvd, Suffern, NY 10901

Jeffrey Levitin

Other, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: Licensed: 26 Years

CONTACT

777 Chestnut Ridge Rd, Spring Valley, NY 10977

Michael Profita

Litigation, Environmental Law Other, Employee Rights, Bankruptcy

Status: Licensed: 47 Years

CONTACT

80 Red Schoolhouse Rd, Spring Valley, NY 10977

Steven M. Greco

Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

4 Executive Blvd, Suffern, NY 10901

Marc I. Kissel

Bankruptcy & Debt

Status: Licensed: 34 Years

CONTACT

4 Executive Blvd, Suffern, NY 10901

Julian A. Schulman

Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

Four Executive Blvd, Suffern, NY 10901

800-814-6700

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LEGAL TERMS

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

CCCS

See Consumer Credit Counseling Service.

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.

CREDITOR

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

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.

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.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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Monsey Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Rosemarie E. Matera

Jonathan Hook

Jeffrey L. Sapir

Arnold Philip Etelson

Michael Leslie Klein

Jeffrey Levitin

Michael Profita

Steven M. Greco

Marc I. Kissel

Julian A. Schulman

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LEGAL TERMS

DOING BUSINESS AS (DBA)

CHAPTER 13 PLAN

CCCS

ACCORD AND SATISFACTION

CREDITOR

PREFERENCE

GRACE PERIOD

CREDIT COUNSELING

WORKOUT

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