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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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John Minardo

Real Estate, Criminal, Business, Bankruptcy & Debt

Status: Licensed: 23 Years

CONTACT

68 Madison Street, Sag Harbor, NY 11963

Cindy Ellen Tzerman

Lawsuit & Dispute, Business, Bankruptcy & Debt, Insurance

Status: Licensed: 43 Years

CONTACT

10 Whalers Walk, Sag Harbor, NY 11963

David Cohen

Real Estate, Litigation, Transportation & Shipping, Corporate, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

102 Montauk Blvd., East Hampton, NY 11937

Christian H W Mittweg

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

366 Edge Of Woods Rd, Water Mill, NY 11976

James Douglas Dougherty

Real Estate, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 62 Years

CONTACT

Shelter Island, NY 11964

William Robert Dalsimer

Estate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 57 Years

CONTACT

Southampton, NY 11969

James Michael O'Shea

Landlord-Tenant, Criminal, Business, Bankruptcy

Status: Licensed: 43 Years

CONTACT

250 N Sea Rd, Southampton, NY 11968

Leonard I. Ackerman

Dispute Resolution, Contract, Credit & Debt, Medical Malpractice

Status:

CONTACT

34 Pantigo Rd, East Hampton, NY 11937

Brian Jay Lester

Litigation, International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 27 Years

CONTACT

132 N Main St, East Hampton, NY 11937

Thomas W.E Joyce

Real Estate, Estate, Consumer Rights, Bankruptcy & Debt

Status: Licensed: 62 Years

CONTACT

Southampton, NY 11969

800-923-0641

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LEGAL TERMS

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

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.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

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.

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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Sag Harbor Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Minardo

Cindy Ellen Tzerman

David Cohen

Christian H W Mittweg

James Douglas Dougherty

William Robert Dalsimer

James Michael O'Shea

Leonard I. Ackerman

Brian Jay Lester

Thomas W.E Joyce

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LEGAL TERMS

GUARANTEED RESERVATION

SUBROGATION

401(K) PLAN

GRACE PERIOD

NUISANCE FEES

GENERAL PARTNER

DISPOSABLE INCOME

C CORPORATION

MEANS TEST

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