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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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Andrew David Brautigam

Traffic, Wills & Probate, Workers' Compensation, Criminal, Bankruptcy

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32 White St, Fredonia, NY 14063

Anthony J. Spann

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

Status: Licensed: 71 Years

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23 E 6Th St, Dunkirk, NY 14048

Charles Robert Loveland

Real Estate, Traffic, Family Law, Bankruptcy

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11 Lake Avenue, Brocton, NY 14716

David Matthew Civilette

Landlord-Tenant, Bankruptcy, Divorce & Family Law

Status: Licensed: 52 Years

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643 Central Ave, Dunkirk, NY 14048

Dennis Charles Gaughan

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status:

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6161 S Park Ave, Hamburg, NY 14075

James Monroe Shaw

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

4819 S Park Ave, Hamburg, NY 14075

Lee Jason Fabiatos

Workers' Compensation, Securities, Bankruptcy, Medical Malpractice

Status: Licensed: 11 Years

CONTACT

202 Main St, Hamburg, NY 14075

Michael Joseph Montesano

Real Estate, Estate, Environmental Law, Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

38 Lake St, Hamburg, NY 14075

Michael Lawrence Schwartz

Bankruptcy

Status:

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Hamburg, NY 14075

Richard James Friedman

Divorce, Divorce & Family Law, Securities, Bankruptcy

Status: Licensed: 17 Years

CONTACT

202 Main St, Hamburg, NY 14075

800-923-0641

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LEGAL TERMS

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

FCBA

See Fair Credit Billing Act.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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Silver Creek Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew David Brautigam

Anthony J. Spann

Charles Robert Loveland

David Matthew Civilette

Dennis Charles Gaughan

James Monroe Shaw

Lee Jason Fabiatos

Michael Joseph Montesano

Michael Lawrence Schwartz

Richard James Friedman

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

FCBA

LIMITED PARTNERSHIP

LIMITED LIABILITY

FRATERNAL BENEFIT SOCIETY BENEFITS

DEFINED CONTRIBUTION PLAN

401(K) PLAN

INTEREST

FORBEARANCE

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