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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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Mary Lannon Fangio

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Bankruptcy & Debt, Residential Real Estate

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When you need legal help to deal with debt, property or business matters, an experienced attorney offers you the best chance for a successful resoluti... (more)

FREE CONSULTATION

CONTACT

800-652-8481

247-259 West Fayette Street, Syracuse, NY 13202

David L Delvecchio

Bankruptcy, Contract, Estate Planning, Family Law

Status: In Good Standing

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109 South Warren Street, Syracuse, NY 13202

David P Antonucci

Criminal, Civil Rights, Bankruptcy, Animal Bite, Class Action

Status: In Good Standing Licensed: 36 Years

CONTACT

12 Public Sq, Watertown, NY 13601

Theodore L. Araujo

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

FREE CONSULTATION

CONTACT

6739 Myers Road, EAST SYRACUSE, NY 13057

Richard G. Reilly

Bankruptcy & Debt, Divorce & Family Law, Real Estate, Tax, US Courts

Status: In Good Standing Licensed: 44 Years

CONTACT

6320 fly road, East Syracuse, NY 13057

Susan N. Esce

Power of Attorney, Traffic, Dispute Resolution, Bankruptcy & Debt

Status: In Good Standing

CONTACT

10 Adler Drive, East Syracuse, NY 13057

Robert B. Ribarovski

DUI-DWI, Workout, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

101 Old Cove Rd, Liverpool, NY 13090

Laura Harris Courage

Bankruptcy & Debt, Consumer Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

225 Greenfield Parkway, Liverpool, NY 13088

Robert S Temple

Corporate, Contract, Business Organization, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

211 N Center St, East Syracuse, NY 13057

Josephine Tze Dou Yang-Patyi

Litigation, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

308 Maltbie Street, Syracuse, NY 13204

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.

DISCHARGE (OF DEBTS)

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

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

COLLATERAL

Property that guarantees payment of a secured debt.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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Richland Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mary Lannon Fangio

David L Delvecchio

David P Antonucci

Theodore L. Araujo

Richard G. Reilly

Susan N. Esce

Robert B. Ribarovski

Laura Harris Courage

Robert S Temple

Josephine Tze Dou Yang-Patyi

TIPS

LEGAL TERMS

TRADE NAME

DISCHARGE (OF DEBTS)

SECRET WARRANTY PROGRAM

COLLATERAL

FAIR CREDIT REPORTING ACT (FCRA)

GARNISHMENT

PRIORITY DEBT

LIMITED LIABILITY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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