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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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David Brodman

Reorganization, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 28 Years

FREE CONSULTATION

CONTACT

633 Lydig Avenue, Bronx, NY 10462

Jessica Gittle Berman

Litigation, Business Organization, Reorganization, Bankruptcy & Debt

Status:

CONTACT

990 Stewart Avenue, Garden City, NY 11530

Mary Ann Catalano

Trusts, Estate, Employment, Reorganization

Status:

CONTACT

1122 Franklin Ave, Garden City, NY 11530

Lauren Marie Bernstein

Litigation, Immigration, Reorganization, Bankruptcy & Debt, Federal

Status: Licensed: 9 Years

CONTACT

400 Garden City Plaza, Garden City, NY 11530

Rhoda Y. Andors

Administrative Law, Reorganization, Wrongful Termination, Civil Rights

Status:

CONTACT

98 Cutter Mill Road, Great Neck, NY 11021

Gregory Laurence Matalon

Estate Administration, Estate Planning, Elder Law, Reorganization

Status: Licensed: 26 Years

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

Gary Petropoulos

Litigation, Insurance, Reorganization, Legal Malpractice

Status:

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

Esite J Johnson

Medical Malpractice, Property Damage, Banking & Finance, Reorganization

Status: Licensed: 58 Years

CONTACT

124 New York, New York, NY 10035

Neil Ackerman

Immigration, Reorganization, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

675 Old Country Rd, Westbury, NY 11590

800-923-0641

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LEGAL TERMS

TRADE NAME

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

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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Point Lookout Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Brodman

Jessica Gittle Berman

Mary Ann Catalano

Lauren Marie Bernstein

Rhoda Y. Andors

Gregory Laurence Matalon

Gary Petropoulos

Esite J Johnson

Neil Ackerman

TIPS

LEGAL TERMS

TRADE NAME

NONPROFIT CORPORATION

NONEXEMPT PROPERTY

CHAPTER 7 BANKRUPTCY

FRAUDULENT TRANSFER

INFRINGEMENT (OF TRADEMARK)

TOXIC TORT

401(K) PLAN

C CORPORATION

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