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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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Alan Julius Goldberg

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Accident & Injury, Bankruptcy & Debt, Real Estate, Landlord-Tenant

GOLDBERG & LINDENBERG, P.C. was founded in January 1981, by Alan J. Goldberg, Esq. The firm has continually grown and expanded into a full service ... (more)

FREE CONSULTATION

CONTACT

800-727-7301

6 East 45th Street, New York, NY 10017

Asher Brian White

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Divorce & Family Law, Criminal, Bankruptcy & Debt

Asher White is a practicing lawyer in the state of New York.

FREE CONSULTATION

CONTACT

800-886-0360

26 Court St, Brooklyn, NY 11242

Christopher Pierre Anderson

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Estate Planning, Civil Rights, Business & Trade, Bankruptcy, Landlord-Tenant

Christopher Anderson is a practicing lawyer in the state of New York handling a variety of legal matters.

CONTACT

646-367-2907

1270 Avenue Of The Americas, New York, NY 10020

Daniel Schlanger

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Bankruptcy & Debt, Collection, Credit & Debt, Employee Rights

Daniel Schlanger is a partner at Kakalec & Schlanger, LLP, where he heads the firm's consumer practice. His practice focuses on representing victims o... (more)

CONTACT

212-500-6114

80 Broad Street, New York, NY 10004

David Molot

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

The Law Office of David Molot is a full service law firm that provides excellent representation throughout the state of New York and all throughout th... (more)

FREE CONSULTATION

CONTACT

800-878-2460

225 W 34th St, New York, NY 10122

David Blum

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Immigration, Criminal, Divorce & Family Law, Accident & Injury, Bankruptcy & Debt

I graduated summa cum laude from the University of Miami where I clerked for the Hon. Edward Moore of the 11th Circuit Court and interned with the U... (more)

CONTACT

800-995-3530

30 Vesey Street, New York, NY 10007

Gregory M. Messer

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Bankruptcy & Debt, Bankruptcy, Credit & Debt

Providing debt relief for individual and business clients in the New York City area for more than three decades Gregory Messer, a principal in The ... (more)

FREE CONSULTATION

CONTACT

800-887-8940

26 Court Street, Brooklyn, NY 11242

Jose A. Camacho

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Criminal, Divorce & Family Law, Civil & Human Rights, Real Estate, Bankruptcy & Debt

Also Admitted to the United States District Court -New York Southern District

The Law Firm of Camacho & Associates, P.C. is a General Law Practice with over 25 years concentrating on State and Federal Criminal Defense in the tre... (more)

FREE CONSULTATION

CONTACT

917-405-4545

147 Front St, Brooklyn, NY 11201

Kent Gross

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Bankruptcy & Debt, Real Estate, Divorce & Family Law, Employment, Estate

Kent Gross is a practicing lawyer in the state of New York. Mr. Gross received his J.D. from the University of California Los Angeles School of Law.

FREE CONSULTATION

CONTACT

646-506-8662

300 Cadman Plaza West, Brooklyn, NY 11201

Richard A. Kraus

Identity Theft, Consumer Protection, Credit & Debt

CONTACT

332-999-2995

60 E 42Nd St, New York, NY 10165

800-923-0641

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800-943-8690

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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Santa Claus Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alan Julius Goldberg

Asher Brian White

Christopher Pierre Anderson

Daniel Schlanger

David Molot

David Blum

Gregory M. Messer

Jose A. Camacho

Kent Gross

Richard A. Kraus

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LEGAL TERMS

REPOSSESSION

WINDING UP

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

DEBIT CARD

MEANS TEST

BANKRUPTCY

DOING BUSINESS AS (DBA)

PRESUMED ABUSE

UNSECURED DEBT

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