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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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Bruce S. Scolton

Alimony & Spousal Support, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

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414 E. Fairmount Avenue, Lakewood, NY 14750

Richard H. Cole

Alimony & Spousal Support, Bankruptcy, Criminal, Divorce

Status: In Good Standing

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37 Franklin St., Buffalo, NY 14202

Jeffrey K. Moncher

Real Estate, Workers' Compensation, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing

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37 Franklin St., Buffalo, NY 14202

James M. Maloy

Bankruptcy, Corporate, Personal Injury, Real Estate

Status: In Good Standing

FREE CONSULTATION

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424 Main Street, Buffalo, NY 14202

John Albert Cappellini

White Collar Crime, Estate Planning, Bankruptcy, Contract, Natural Resources

Status: In Good Standing Licensed: 27 Years

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1 East Main St., Cuba, NY 14727

Charles Robert Loveland

Real Estate, Traffic, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

11 Lake Avenue, Brocton, NY 14716

Thomas F. Hewner

Estate Administration, Estate Planning, Corporate, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

37 Franklin St, Buffalo, NY 14202

Kyle Clark Didone

Real Estate, Government, DUI-DWI, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

424 Main Street, Buffalo, NY 14202

Richard John Biryla

Real Estate, Lawsuit & Dispute, Estate, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

14 Lafayette Square, Buffalo, NY 14203

Daniel Joseph Bobbett

Lawsuit & Dispute, Wills & Probate, Business, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 12 Years

CONTACT

350 Main Street, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

FCRA

See Fair Credit Reporting Act.

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.

DISCHARGE (OF DEBTS)

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

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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Otto Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bruce S. Scolton

Richard H. Cole

Jeffrey K. Moncher

James M. Maloy

John Albert Cappellini

Charles Robert Loveland

Thomas F. Hewner

Kyle Clark Didone

Richard John Biryla

Daniel Joseph Bobbett

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LEGAL TERMS

CREDITOR

TOXIC TORT

COSIGNER

DEFINED CONTRIBUTION PLAN

ADMINISTRATIVE EXPENSES

FCRA

INTEREST

DISCHARGE (OF DEBTS)

GENERAL PARTNER

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