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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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Paul S. Hyl

Health Care Other, Estate Planning, Elder Law, Collection

Status: In Good Standing

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225 Broad Hollow Road, Melville, NY 11747

Craig Dennison Robins

Litigation, Consumer Protection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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35 Pinelawn Road, Melville, NY 11747

Robin Sheryl Abramowitz

Mediation, Arbitration, Family Law, Credit & Debt

Status: In Good Standing

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225 Old Country Rd, Melville, NY 11747

Mel Jacoby

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

Status: In Good Standing

FREE CONSULTATION

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2545 Hempstead Turnpike, East Meadow, NY 11554

Sheryl Paige Giugliano

Corporate, Bankruptcy & Debt

Status: In Good Standing

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100 Jericho Quadrangle, Jericho, NY 11753

Gary Petropoulos

Litigation, Insurance, Reorganization, Legal Malpractice

Status: In Good Standing

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100 Jericho Quadrangle, Jericho, NY 11753

Sue Liu Chin

Real Estate, Litigation, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 19 Years

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575 Underhill Blvd, Syosset, NY 11791

Sue L. Chin

Real Estate, Litigation, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 19 Years

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575 Underhill Blvd, Syosset, NY 11791

Todd Alan Knauer

Real Estate, Banking & Finance, Business, Commercial Bankruptcy

Status: In Good Standing Licensed: 51 Years

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225 Broadhollow Rd, Melville, NY 11747

Richard Alan Auerbach

Consumer Rights, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 44 Years

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500 N Broadway, Jericho, NY 11753

800-923-0641

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LEGAL TERMS

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

FCRA

See Fair Credit Reporting Act.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

DISCHARGE (OF DEBTS)

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

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Plainview Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Paul S. Hyl

Craig Dennison Robins

Robin Sheryl Abramowitz

Mel Jacoby

Sheryl Paige Giugliano

Gary Petropoulos

Sue Liu Chin

Sue L. Chin

Todd Alan Knauer

Richard Alan Auerbach

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LEGAL TERMS

MEANS TEST

NUISANCE FEES

REAFFIRMATION

ACCORD AND SATISFACTION

FCRA

CHAPTER 13 PLAN

DISCHARGE (OF DEBTS)

DEFINED CONTRIBUTION PLAN

DISCHARGEABLE DEBTS

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