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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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George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce

Status: In Good Standing

CONTACT

243 Wall Street, Kingston, NY 12401

Jonathan D. Katz

Child Support, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

318 Main St, Saugerties, NY 12477

Felicia Raphael

Bankruptcy, Family Law, Commercial Real Estate, Federal Appellate Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Felicia S. Raphael

Bankruptcy, Family Law, Commercial Real Estate, Federal Appellate Practice

Status: In Good Standing Licensed: 35 Years

CONTACT

275 Wall Street, Kingston, NY 12401

Brian Juran

Bankruptcy & Debt, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

654 Aaron Ct, Kingston, NY 12401

Bruce Blatchly

Adoption, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

3 Academy St, New Paltz, NY 12561

Jon A Simonson

Alimony & Spousal Support, Criminal, Corporate, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

3 Academy St, New Paltz, NY 12561

Charles Erwin Tebbe

Commercial Bankruptcy, Insurance, Litigation

Status: Inactive Licensed: 33 Years

CONTACT

35 Pine Woods Rd, Hyde Park, NY 12538

David Alexander Maho

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

Status: In Good Standing Licensed: 27 Years

CONTACT

Woodridge, NY 12789

800-923-0641

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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Shokan Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George W. Redder

Jonathan D. Katz

Felicia Raphael

Felicia S. Raphael

Brian Juran

Bruce Blatchly

Jon A Simonson

Charles Erwin Tebbe

David Alexander Maho

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LEGAL TERMS

GENERAL PARTNER

HOUSEHOLDER

AUTOMATIC STAY

FRATERNAL BENEFIT SOCIETY BENEFITS

CREDIT BUREAU

BULK SALES LAW

COSIGNER

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CREDIT COUNSELING

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