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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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Michael Joshua Kasen

Bankruptcy & Debt, Bankruptcy, Credit & Debt, Reorganization, Foreclosure

Status: In Good Standing Licensed: 12 Years

FREE CONSULTATION

CONTACT

25 Broadway, New York, NY 10004

Jeb Lincoln Singer

Real Estate, Bankruptcy & Debt, Employment, Estate, Contract

Status: In Good Standing Licensed: 16 Years

CONTACT

222 Broadway, New York, NY 10038

Miechia L. Gulley

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

Status: In Good Standing Licensed: 15 Years

FREE CONSULTATION

CONTACT

26 Court Street, Brooklyn, NY 11242

Ralph Edward Preite

Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

90 Broad St., New York, NY 10004

Kevin C. Mallon

Bankruptcy & Debt, Credit & Debt, Identity Theft, Collection, Consumer Protection

Status: In Good Standing

FREE CONSULTATION

CONTACT

165 Broadway, New York, NY 10006

Marilyn Macron

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

Status: In Good Standing Licensed: 36 Years

FREE CONSULTATION

CONTACT

305 Broadway, New York, NY 10007

James J. DeCristofaro

Lawsuit & Dispute, Business, Commercial Bankruptcy, Reorganization, Dissolution

Status: In Good Standing Licensed: 23 Years

CONTACT

42 West 24th Street, New York, NY 10010

Martin Wolf

Accident & Injury, Bankruptcy & Debt, Business, Real Estate

Status: In Good Standing

CONTACT

225 Broadway, New York, NY 10007

Mark Ira Lefkowicz

Divorce & Family Law, Estate, Real Estate, Bankruptcy & Debt, Business Organization

Status: In Good Standing Licensed: 29 Years

FREE CONSULTATION

CONTACT

90 Broad Street, New York, NY 10004

Veer P. Patel

Real Estate, Estate, Bankruptcy & Debt, Consumer Rights, Accident & Injury

Status: In Good Standing Licensed: 11 Years

FREE CONSULTATION

CONTACT

26 Court Street, Brooklyn, NY 11242

800-923-0641

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LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

DISCHARGE (OF DEBTS)

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

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

CREDIT FILE

See credit report.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

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Santa Claus Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Joshua Kasen

Jeb Lincoln Singer

Miechia L. Gulley

Ralph Edward Preite

Kevin C. Mallon

Marilyn Macron

James J. DeCristofaro

Martin Wolf

Mark Ira Lefkowicz

Veer P. Patel

TIPS

LEGAL TERMS

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

DISCHARGE (OF DEBTS)

NUISANCE FEES

SETOFF

SECRET WARRANTY PROGRAM

CREDIT FILE

GRACE PERIOD

BANKRUPTCY TRUSTEE

DOING BUSINESS AS (DBA)

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