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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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Angela Tese-Milner

Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

735 Wickham Avenue, Mattituck, NY 11952

Arthur Barry Malman

Business, Bankruptcy & Debt

Status: Licensed: 57 Years

CONTACT

99 Georgica Close 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

Christian H W Mittweg

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

366 Edge Of Woods Rd, Water Mill, NY 11976

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

Denise Civiletti

Credit & Debt

Status: Licensed: 42 Years

CONTACT

Riverhead, NY 11901

Edward Timothy Mcauliffe

Landlord-Tenant, Dispute Resolution, Consumer Protection, Collection, Lawsuit & Dispute

Status: Licensed: 26 Years

CONTACT

3 Breeze Hill Rd, East Hampton, NY 11937

Elizabeth A. Pfister

Divorce & Family Law, Civil & Human Rights, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

210 Center Dr, Riverhead, NY 11901

Evans Michael Hillen

International, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

148 E Montauk Hwy, Hampton Bays, NY 11946

800-923-0641

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

COLLATERAL

Property that guarantees payment of a secured debt.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

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.

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Sag Harbor Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Angela Tese-Milner

Arthur Barry Malman

Brian Jay Lester

Christian H W Mittweg

Cindy Ellen Tzerman

David Cohen

Denise Civiletti

Edward Timothy Mcauliffe

Elizabeth A. Pfister

Evans Michael Hillen

TIPS

LEGAL TERMS

WINDING UP

CREDIT REPORT

COLLATERAL

CYBERSQUATTING

CREDITOR

GARNISHMENT

LIABILITY

DISCHARGEABLE DEBTS

ADMINISTRATIVE EXPENSES

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