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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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Mark T. Starkman

Administrative Law, Bankruptcy Litigation, Construction Liens, Credit & Debt

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CONTACT

Orange Avenue, Walden, NY 12586

Jay Allen Kaplan

Admiralty & Maritime, Personal Injury, Contract, Credit & Debt, Commercial Real Estate

Status: Licensed: 52 Years

CONTACT

Kingston, NY 12402

Karen Elizabeth Morgan-D'Amelio

Divorce & Family Law, Credit & Debt

Status: Licensed: 28 Years

CONTACT

2 Jefferson Plaza, Poughkeepsie, NY 12601

Jill Clement

Government, Divorce & Family Law, Credit & Debt

Status: Licensed: 15 Years

CONTACT

14 Tall Tree Ln, Poughkeepsie, NY 12601

Thomas Genova

Contract, Banking & Finance, Credit & Debt, Bankruptcy

Status:

FREE CONSULTATION

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1136 Route 9, Wappingers Falls, NY 12590

Andrea B. Malin

Banking & Finance, Contract, Bankruptcy, Credit & Debt

Status: Licensed: 34 Years

CONTACT

1136 Route 9, Wappingers Falls, NY 12590

Michael D. Pinsky

Business, Litigation, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

372 Fullerton Ave, Newburgh, NY 12550

Gisele Camielle Rosado

Commercial Real Estate, Civil Rights, Contract, Credit & Debt

Status: Licensed: 19 Years

CONTACT

717 Broadway, Newburgh, NY 12550

Nancy Corrigan

Consumer Protection, Litigation, Business Organization, Credit & Debt

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FREE CONSULTATION

CONTACT

71 Richardsville Road, Carmel, NY 10512

800-923-0641

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LEGAL TERMS

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

FCBA

See Fair Credit Billing Act.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

TRADE NAME

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

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.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Mount Marion Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mark T. Starkman

Jay Allen Kaplan

Karen Elizabeth Morgan-D'Amelio

Jill Clement

Thomas Genova

Andrea B. Malin

Michael D. Pinsky

Gisele Camielle Rosado

Nancy Corrigan

TIPS

LEGAL TERMS

UNDUE HARDSHIP

S CORPORATION

CREDIT COUNSELING

NO-FAULT INSURANCE

CYBERSQUATTING

FCBA

FAIR LABOR STANDARDS ACT (FLSA)

TRADE NAME

AUTOMATIC STAY

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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