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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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Ian L. Crimmins

Estate Planning, Family Law, Criminal, Collection

Status:

FREE CONSULTATION

CONTACT

18 Park Row, Chatham, NY 12037

James G. Yastion

Corporate, Collection, Complex Litigation, Credit & Debt

Status:

CONTACT

10 Matthews Street, Goshen, NY 10924

Conrad Pasquale

Motor Vehicle, Workers' Compensation, Child Custody, Collection

Status:

CONTACT

48 Gleneida Ave, Carmel, NY 10512

Christina Ida Tomaselli

Collection

Status: Licensed: 14 Years

CONTACT

2 Summit Ct, Fishkill, NY 12524

Matthew David Hindin

Consumer Rights, Business, Collection

Status: Licensed: 18 Years

CONTACT

2 Summit Ct, Fishkill, NY 12524

Bernhardt Karp

International, Estate, Collection

Status: Licensed: 61 Years

CONTACT

1 Hudson City Ctr, Hudson, NY 12534

Daniel Gartenstein

Collection

Status: Licensed: 33 Years

CONTACT

Kingston, NY 12402

Leslie Andrews

Real Estate, Social Security, Permits, Collection

Status: Licensed: 32 Years

CONTACT

4 Pray Ln, Lagrangeville, NY 12540

Kevin Gomez

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

Status: Licensed: 24 Years

CONTACT

Middletown, NY 10940

Richard Schisano

Bankruptcy, Business Organization, Collection, Commercial Leasing

Status: Licensed: 45 Years

CONTACT

717 Broadway, Newburgh, NY 12550

800-814-6700

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800-943-8690

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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Olivebridge Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ian L. Crimmins

James G. Yastion

Conrad Pasquale

Christina Ida Tomaselli

Matthew David Hindin

Bernhardt Karp

Daniel Gartenstein

Leslie Andrews

Kevin Gomez

Richard Schisano

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LEGAL TERMS

FCBA

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

LIMITED PARTNERSHIP

ACCORD AND SATISFACTION

LIMITED LIABILITY

PRIORITY DEBT

GARNISHMENT

FRAUDULENT TRANSFER

GENERAL PARTNER

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