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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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Kimberly A. Davis

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Construction, Car Accident, Divorce, Contract, Collection

Kimberly A. Davis, A.A. 1985 Morton College, B.S. 1987 Southern Illinois University at Carbondale, J.D. with honors 1997 IIT-Chicago-Kent College of L... (more)

CONTACT

630-434-0400

1001 Warrenville Rd, Lisle, IL 60532

Raya D. Bogard

Corporate, Business Successions, Business Organization, Collection

Status: In Good Standing

CONTACT

1001 Warrenville Road, Lisle, IL 60532

Reginald Campbell

Child Support, Criminal, Business Organization, Collection, DUI-DWI

Status: In Good Standing Licensed: 33 Years

CONTACT

605 N. Broadway, Aurora, IL 60505

Juan R. Thomas

Employment, Divorce & Family Law, Civil & Human Rights, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

525 N Broadway, Aurora, IL 60507

Jorie Johnson

Misdemeanor, Felony, Criminal, Merger & Acquisition, Collection

Status: In Good Standing

CONTACT

3015 East New York Street, Aurora, IL 60504

Daniel Leadley

Child Support, Civil Rights, Collection, Personal Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

Aurora, IL 60507

Steven David Titiner

Litigation, Divorce & Family Law, Transactions, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

1700 N Farnsworth Ave, Aurora, IL 60505

Steven Titiner

Litigation, Divorce & Family Law, Business & Trade, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

1700 N Farnsworth Ave, Aurora, IL 60505

Lawrence William Lobb

Estate Planning, Transactions, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

111 Flinn St, Batavia, IL 60510

Roman Joseph Seckel

Divorce, Civil Rights, Corporate, Collection

Status: In Good Standing

CONTACT

111 Flinn St, Batavia, IL 60510

800-923-0641

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LEGAL TERMS

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

FDCPA

See Fair Debt Collections & Practices Act.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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Naperville Collection Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kimberly A. Davis

Raya D. Bogard

Reginald Campbell

Juan R. Thomas

Jorie Johnson

Daniel Leadley

Steven David Titiner

Steven Titiner

Lawrence William Lobb

Roman Joseph Seckel

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LEGAL TERMS

INTEREST

FDCPA

GENERAL PARTNER

GARNISHMENT

WORKOUT

PRESUMED ABUSE

CYBERSQUATTING

LIQUIDATING PARTNER

NONEXEMPT PROPERTY

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