Richton Park Bankruptcy & Debt Lawyer, Illinois

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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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James Darrell Johnson

Litigation, Insurance, Commercial Bankruptcy, Products Liability

Status: In Good Standing

CONTACT

One First National Plaza, Chicago, IL 60603

George F. Laforte

Civil Rights, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 58 Years

CONTACT

19815 Governors Hwy, Flossmoor, IL 60422

George F. Laforte

Civil Rights, Contract, Collection, Personal Injury

Status: In Good Standing Licensed: 58 Years

CONTACT

19815 Governors Hwy, Flossmoor, IL 60422

April Senter

Health Care Other, Estate Planning, Employee Rights, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

19624 Governor'S Hwy, Flossmoor, IL 60422

Katherine G. File

Banking & Finance, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

3033 Bob O Link Rd, Flossmoor, IL 60422

Mary Kathryn Duggan

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

Flossmoor, IL 60422

April Senter

Social Security, Estate Planning, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 11 Years

CONTACT

Matteson, IL 60443

April Brandi Senter

General Practice

Status: In Good Standing Licensed: 11 Years

CONTACT

Matteson, IL 60443

Summer Mcelroy

Estate Planning, Divorce & Family Law, Transactions, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

4747 Lincoln Mall Drive, Matteson, IL 60443

James Byron Hooks

Real Estate, Collection, Transactions

Status: In Good Standing Licensed: 43 Years

CONTACT

7220 West 194Th Street, Tinley Park, IL 60487

800-923-0641

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LEGAL TERMS

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

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.

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.

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.

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.

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.

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.

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.

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Richton Park Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Darrell Johnson

George F. Laforte

George F. Laforte

April Senter

Katherine G. File

Mary Kathryn Duggan

April Senter

April Brandi Senter

Summer Mcelroy

James Byron Hooks

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LEGAL TERMS

DISPOSABLE INCOME

GRACE PERIOD

FAIR LABOR STANDARDS ACT (FLSA)

CYBERSQUATTING

HOUSEHOLDER

ADMINISTRATIVE EXPENSES

REDEMPTION

NO-FAULT INSURANCE

GENERAL PARTNER

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