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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Steven William Stutman

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Real Estate, Consumer Bankruptcy, Wills & Probate, Bankruptcy

Steven Stutman is a practicing lawyer in the state of New York handling Real Estate and Estate matters.

FREE CONSULTATION

CONTACT

631-393-6001

535 Broadhollow Road, Melville, NY 11747

James S Don

Administrative Law, Dispute Resolution, Bankruptcy, Corporate

Status:

CONTACT

380 North Broadway, Jericho, NY 11753

Michael F. Schwartz

Bankruptcy

Status: Licensed: 38 Years

CONTACT

180 Froehlich Farm Blvd, Woodbury, NY 11797

Arthur Irving Blutter

Litigation, Bankruptcy, Business, International, Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

497 S Oyster Bay Rd, Plainview, NY 11803

Joanne Diamond Blutter

Real Estate, Bankruptcy, Bankruptcy & Debt, Estate Planning, Family Law

Status: Licensed: 38 Years

CONTACT

497 S Oyster Bay Rd, Plainview, NY 11803

David S. Zeidman, Esq

Divorce & Family Law, Consumer Bankruptcy, Residential Real Estate

Status: Licensed: 50 Years

CONTACT

16 Donald Dr., Syosset, NY 11791

Heath Berger

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

40 Crossways Park Drive, Woodbury, NY 11797

Christopher Michael Lackert

Intellectual Property, Industry Specialties, Personal Injury, Litigation, Commercial Bankruptcy

Status:

CONTACT

60 Vincent Rd, Hicksville, NY 11801

Darren Arthur Aronow

Real Estate, Consumer Rights, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

7600 Jericho Turnpike, Woodbury, NY 11797

Michael Collins Rupe

Industry Specialties, Employment, Business, Bankruptcy

Status: Licensed: 18 Years

CONTACT

1 Canon Park, Melville, NY 11747

800-923-0641

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LEGAL TERMS

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Plainview Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven William Stutman

James S Don

Michael F. Schwartz

Arthur Irving Blutter

Joanne Diamond Blutter

David S. Zeidman, Esq

Heath Berger

Christopher Michael Lackert

Darren Arthur Aronow

Michael Collins Rupe

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LEGAL TERMS

DEBT COLLECTOR

WINDING UP

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

REPOSSESSION

SUBROGATION

REDEMPTION

LIABILITY

ADMINISTRATIVE EXPENSES

FAIR LABOR STANDARDS ACT (FLSA)

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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