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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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Brian Jonathan Davis

Government, Divorce & Family Law, Criminal, Credit & Debt

Status: Licensed: 41 Years

CONTACT

26 Schoolhouse Pl, Glen Head, NY 11771

Brian J. Davis

Government, Divorce & Family Law, Criminal, Credit & Debt

Status:

CONTACT

26 Schoolhouse Pl, Glen Head, NY 11771

Brian John Davis

Government, Divorce & Family Law, Criminal, Credit & Debt

Status:

CONTACT

26 Schoolhouse Pl, Glen Head, NY 11771

Brian John Davis

Government, Divorce & Family Law, Criminal, Personal Injury, Credit & Debt

Status: Licensed: 41 Years

CONTACT

26 Schoolhouse Pl, Glen Head, NY 11771

Brian Jonathan Davis

General Practice

Status: Licensed: 41 Years

CONTACT

26 Schoolhouse Pl, Glen Head, NY 11771

David Andrew Brown

Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

225 Broadhollow Rd, Melville, NY 11747

Garrett Patrick Hopkins

Divorce, Criminal, Credit & Debt

Status: Licensed: 46 Years

CONTACT

68 S Service Rd, Melville, NY 11747

Gary John Bazydlo

Family Law, Antitrust, Credit & Debt, Personal Injury

Status: Licensed: 34 Years

CONTACT

Jericho, NY 11753

Glenn A. Krebs

Immigration, Credit & Debt

Status: Licensed: 40 Years

CONTACT

100 Crossways Park Dr W, Woodbury, NY 11797

Gregory Goodman

Personal Injury, Motor Vehicle, Credit & Debt, Consumer Protection, Consumer Rights

Status: Licensed: 22 Years

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CONTACT

380 North Broadway, Jericho, NY 11753

800-923-0641

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

TRADE NAME

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

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

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.

FCRA

See Fair Credit Reporting Act.

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

... Such a system is not tolerable in regard to credit card and other consumer credit debt cases where items such as the interest rate, late payment charge, and over-the-limit fees may change several times over the course of the consumer credit agreement. ...

Grasso v. Grasso

... 765 The husband also correctly contends that the Supreme Court improvidently exercised its discretion by, in effect, holding him responsible for 100% of the credit card obligations that constitute the parties' marital debt as well as all the marital debt that was solely in the wife's ...

PRA III LLC v. Gonzalez

... agreement to extend credit to the defendant, the issuance of credit cards at the defendant's address, his use of credit cards, his ... Moreover, the plaintiff submitted no evidence demonstrating the defendant's intention to pay the alleged debt (see General Obligations Law Â§ 17-101 ...

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Plainview Credit & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian Jonathan Davis

Brian J. Davis

Brian John Davis

Brian John Davis

Brian Jonathan Davis

David Andrew Brown

Garrett Patrick Hopkins

Gary John Bazydlo

Glenn A. Krebs

Gregory Goodman

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

GARNISHMENT

NO-FAULT INSURANCE

CYBERSQUATTING

TRADE NAME

SECURED DEBT

DISCHARGEABLE DEBTS

GENERAL PARTNER

FCRA

SAMPLE LEGAL CASES

COLLINS FIN. v. Vigilante

Grasso v. Grasso

PRA III LLC v. Gonzalez

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