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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Kenneth Gallant

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

1425 Jefferson Road, Rochester, NY 14623

John Lindsay Grow

Estate, Divorce & Family Law, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

6431 State Route 21, Williamson, NY 14589

David B. Cook

Other, Government, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

153 W Main St, Webster, NY 14580

Frank Junior Borgese

Consumer Rights, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

1695 Empire Blvd, Webster, NY 14580

Kris Graham

Credit & Debt, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

1695 Allen Creek Road, Webster, NY 14580

Kristin Joseph Graham

Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

1695 Empire Blvd, Webster, NY 14580

David M. Kaplan

Commercial Banks, Collection, Class Action, Bankruptcy

Status: In Good Standing

CONTACT

46 Helmsford Way, Penfield, NY 14526

Jennifer Lee Montante Vigneri

Wills, Estate Planning, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

1828 Penfield Rd, Penfield, NY 14526

Peter John Glennon

Litigation, Aviation, Commercial Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

The Glennon Law Firm, P.C., Rochester, NY 14625

L. Paul Kehoe

Mediation, Arbitration, Trademark, Bankruptcy

Status: In Good Standing

CONTACT

300 Linden Oaks, Rochester, NY 14625

800-923-0641

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LEGAL TERMS

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

FDCPA

See Fair Debt Collections & Practices Act.

TRADE NAME

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

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed 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.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Ontario Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kenneth Gallant

John Lindsay Grow

David B. Cook

Frank Junior Borgese

Kris Graham

Kristin Joseph Graham

David M. Kaplan

Jennifer Lee Montante Vigneri

Peter John Glennon

L. Paul Kehoe

TIPS

LEGAL TERMS

DISPOSABLE INCOME

BULK SALES LAW

IRS EXPENSES

FDCPA

TRADE NAME

DISCHARGE (OF DEBTS)

WORKOUT

GENERAL PARTNER

UNSECURED DEBT

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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