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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: Licensed: 12 Years

FREE CONSULTATION

CONTACT

25 Broadway, New York, NY 10004

James J. DeCristofaro

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

Status: Licensed: 23 Years

CONTACT

42 West 24th Street, New York, NY 10010

Andrew Stephen Midgett

Criminal, Corporate, Reorganization, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

217 Broadway, New York, NY 10007

Andrew Peter Denatale

Industry Specialties, Business, Reorganization, Bankruptcy & Debt

Status: Licensed: 49 Years

CONTACT

180 Maiden Ln, New York, NY 10038

Lauren Rachel Lifland

Business & Trade, Reorganization, Bankruptcy & Debt

Status: Licensed: 13 Years

CONTACT

7 World Trade Ctr, New York, NY 10007

Ashley Renee Hodges

Art, Environmental Law, Unfair Competition, Reorganization

Status: Licensed: 10 Years

CONTACT

1 Battery Park Plaza, New York, NY 10004

Eric Gerard Waxman

Business, Reorganization, Bankruptcy

Status:

CONTACT

200 Liberty St, New York, NY 10281

Joseph P McGurk

Contract, Dispute Resolution, Reorganization, Advertising

Status: Licensed: 24 Years

CONTACT

350 Jay St, Brooklyn, NY 11201

Elizabeth Ashley Beitler

Litigation, Reorganization

Status: Licensed: 8 Years

CONTACT

One Battery Park Plaza, New York, NY 10004

Gerard Diconza

Reorganization, Commercial Bankruptcy, Bankruptcy

Status: Licensed: 30 Years

CONTACT

630 3rd Ave, New York, NY 10017

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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Santa Claus Reorganization Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Joshua Kasen

James J. DeCristofaro

Andrew Stephen Midgett

Andrew Peter Denatale

Lauren Rachel Lifland

Ashley Renee Hodges

Eric Gerard Waxman

Joseph P McGurk

Elizabeth Ashley Beitler

Gerard Diconza

TIPS

LEGAL TERMS

HOUSEHOLDER

SUBROGATION

FAIR LABOR STANDARDS ACT (FLSA)

DISCHARGEABLE DEBTS

DEBT COLLECTOR

GRACE PERIOD

CHAPTER 13 BANKRUPTCY

INFRINGEMENT (OF TRADEMARK)

CHAPTER 7 BANKRUPTCY

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