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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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Arthur Irving Blutter

Litigation, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

497 S Oyster Bay Rd, Plainview, NY 11803

Joanne Diamond Blutter

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

497 S Oyster Bay Rd, Plainview, NY 11803

Joseph C Ranaldo

Landlord-Tenant, Divorce, Collection

Status: In Good Standing Licensed: 22 Years

CONTACT

199 Crossways Park Dr, Woodbury, NY 11797

Daniel Hanan Adler

Intellectual Property, Securities, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

199 Crossways Park Dr, Woodbury, NY 11797

Michael G. Mcauliffe

Lawsuit & Dispute, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

68 S Service Rd, Melville, NY 11747

Jennifer L Coden

International, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

100 Crossways Park Drive West, Woodbury, NY 11797

Michael Dennis Bosso

Lawsuit & Dispute, Immigration, Employment, Credit & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

100 Crossways Park Dr W, Woodbury, NY 11797

Glenn A. Krebs

Immigration, Credit & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

100 Crossways Park Dr W, Woodbury, NY 11797

Christopher Peter Ohara

Government, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

100 Crossways Park Dr W, Woodbury, NY 11797

David S. Zeidman, Esq

Divorce & Family Law, Consumer Bankruptcy, Residential Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

16 Donald Dr., Syosset, NY 11791

800-923-0641

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LEGAL TERMS

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

CCCS

See Consumer Credit Counseling Service.

DISCHARGE (OF DEBTS)

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

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Plainview Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur Irving Blutter

Joanne Diamond Blutter

Joseph C Ranaldo

Daniel Hanan Adler

Michael G. Mcauliffe

Jennifer L Coden

Michael Dennis Bosso

Glenn A. Krebs

Christopher Peter Ohara

David S. Zeidman, Esq

TIPS

LEGAL TERMS

HOUSEHOLDER

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GRACE PERIOD

GENERAL PARTNER

REAFFIRMATION

NONDISCHARGEABLE DEBTS

FRATERNAL BENEFIT SOCIETY BENEFITS

CCCS

DISCHARGE (OF DEBTS)

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