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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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James Matthew Wujcik

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

11 Exchange St, Attica, NY 14011

John R. Scura

Real Estate, Government, Estate, Bankruptcy & Debt

Status: Licensed: 57 Years

CONTACT

131 Main St, Dansville, NY 14437

Peter J. Degnan

Motor Vehicle, Wrongful Termination, Criminal, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

2 Schuyler St, Belmont, NY 14813

John Albert Cappellini

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

Status: Licensed: 27 Years

CONTACT

1 East Main St., Cuba, NY 14727

Dennis R. Dawson

Bankruptcy

Status: Licensed: 46 Years

CONTACT

Geneseo, NY 14454

Anthony Charles Parlato

Employment, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 35 Years

CONTACT

400 Seven Day Rd, Darien Center, NY 14040

Brandon Michael Wrazen

Business, Bankruptcy & Debt

Status: Licensed: 12 Years

CONTACT

128 Church St, East Aurora, NY 14052

John Francis Leyden

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

Wayland, NY 14572

Thomas A. Steffan

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

13132 Main St, Alden, NY 14004

Joseph Gerald Pelych

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Wills

Status: Licensed: 42 Years

CONTACT

211 Main St, Hornell, NY 14843

800-814-6700

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LEGAL TERMS

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.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

TRADE NAME

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

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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Pike Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Matthew Wujcik

John R. Scura

Peter J. Degnan

John Albert Cappellini

Dennis R. Dawson

Anthony Charles Parlato

Brandon Michael Wrazen

John Francis Leyden

Thomas A. Steffan

Joseph Gerald Pelych

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LEGAL TERMS

GENERAL PARTNER

IRS EXPENSES

DEBIT CARD

DOING BUSINESS AS (DBA)

TRADE NAME

CHAPTER 13 BANKRUPTCY

LIMITED LIABILITY

LIMITED PARTNERSHIP

HOUSEHOLDER

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