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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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Alexander Korotkin

Criminal, Family Law, Bankruptcy & Debt, Divorce & Family Law, Child Custody

Status: In Good Standing

CONTACT

70 Linden Oaks, Rochester, NY 14625

Steven Edward Feder

Landlord-Tenant, Lawsuit & Dispute, Estate, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

2040 E Ridge Rd, Rochester, NY 14622

Barry H. Sternberg

Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

216 Crossfield Rd, Rochester, NY 14609

Michael J. Kieffer

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 49 Years

CONTACT

40 Blackwatch Trl, Fairport, NY 14450

Steven Edward Feder

Employee Rights, Divorce & Family Law, Consumer Rights, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

1880 E Ridge Rd, Rochester, NY 14622

Edwin P. Frick

Estate, Wrongful Termination, Criminal, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

6 E Main St, Sodus, NY 14551

Pamela Beattie Webb

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

Status: In Good Standing Licensed: 46 Years

CONTACT

865 Victor Rd, Victor, NY 14564

Margaret O'Reilly Hayes

Litigation, Government, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

500 1St Federal Plz, Rochester, NY 14614

C Thomas Wright

Dispute Resolution, Divorce & Family Law, Criminal, Collection

Status: In Good Standing Licensed: 54 Years

CONTACT

111 Whitewood Ln, Rochester, NY 14618

Peter Scribner

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

1110 Park Ave, Rochester, NY 14610

800-923-0641

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

FCRA

See Fair Credit Reporting Act.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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Ontario Center Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alexander Korotkin

Steven Edward Feder

Barry H. Sternberg

Michael J. Kieffer

Steven Edward Feder

Edwin P. Frick

Pamela Beattie Webb

Margaret O'Reilly Hayes

C Thomas Wright

Peter Scribner

TIPS

LEGAL TERMS

MEETING OF CREDITORS

LIABILITY

FRATERNAL BENEFIT SOCIETY BENEFITS

TOXIC TORT

DEBT COLLECTOR

IRS EXPENSES

FCRA

PREFERENCE

TRADE DRESS

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