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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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Joseph Pennisi Giruzzi

International Tax, Estate, Bankruptcy, Personal Injury

Status: Licensed: 33 Years

CONTACT

122 Business Park Dr, Utica, NY 13502

Richard Edward Kaplan

Other, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

2626 Sunset Ave, Utica, NY 13502

Maxsen David Champion

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

8578 E Genesee St, Fayetteville, NY 13066

Ann W. Manion

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

2106 Genesee St, Utica, NY 13502

Peter Michael Hobaica

Estate, Criminal, Bankruptcy, Accident & Injury, Personal Injury

Status: Licensed: 40 Years

CONTACT

2045 Genesee St, Utica, NY 13501

Michael N. Kalil

Family Law, Business Organization, Banking & Finance, Collection, Child Custody

Status: Licensed: 38 Years

CONTACT

1602 Sunset Ave, Utica, NY 13502

G Kevin Ludlow

Real Estate, Other, Estate, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

Sauquoit, NY 13456

J.K. Hage

Communication & Media Law, Family Law, Corporate, Reorganization

Status:

CONTACT

283 Genesee Street, Utica, NY 13501

Grant E. Johnson

Immigration, Estate Planning, Divorce, Bankruptcy

Status: Licensed: 66 Years

CONTACT

405 Court St, Utica, NY 13502

Karlene Ann Archer

Bankruptcy & Debt

Status: Licensed: 12 Years

CONTACT

4262 Trout Lilly Ln, Manlius, NY 13104

800-814-6700

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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Sherrill Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joseph Pennisi Giruzzi

Richard Edward Kaplan

Maxsen David Champion

Ann W. Manion

Peter Michael Hobaica

Michael N. Kalil

G Kevin Ludlow

J.K. Hage

Grant E. Johnson

Karlene Ann Archer

TIPS

LEGAL TERMS

REDEMPTION

INFRINGEMENT (OF TRADEMARK)

FRATERNAL BENEFIT SOCIETY BENEFITS

LIEN

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

SECURED DEBT

LIABILITY

COLLATERAL

TRADE DRESS

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