South Colton Bankruptcy & Debt Lawyer, New York

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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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Krista Ann Freego

Traffic, Family Law, Child Custody, DUI-DWI

Status: In Good Standing Licensed: 17 Years

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24 Goodrich St, Canton, NY 13617

William Michael Duskas

Commercial Real Estate, Municipal, Divorce, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

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44 Court St, Canton, NY 13617

Megan Jean Mccarthy Whitton

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Status: In Good Standing Licensed: 18 Years

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21 Court St, Canton, NY 13617

Jonathan D. Rhodes

General Practice

Status: In Good Standing Licensed: 22 Years

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Canton, NY 13617

Andrew Steven Moses

General Practice

Status: In Good Standing Licensed: 34 Years

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Canton, NY 13617

Roger B. Linden

Real Estate, Lawsuit & Dispute, Employment, Civil & Human Rights

Status: In Good Standing Licensed: 47 Years

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117 Main St, Canton, NY 13617

Jerome J. Richards

General Practice

Status: In Good Standing Licensed: 41 Years

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48 Court St, Canton, NY 13617

David Daryl Willer

General Practice

Status: In Good Standing Licensed: 38 Years

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48 Court St, Canton, NY 13617

Rosemary R. Philips

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Status: In Good Standing Licensed: 33 Years

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Canton, NY 13617

Richard Fred Hunter

General Practice

Status: In Good Standing Licensed: 34 Years

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48 Court St, Canton, NY 13617

800-923-0641

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LEGAL TERMS

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

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.

FDCPA

See Fair Debt Collections & Practices Act.

CCCS

See Consumer Credit Counseling Service.

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.

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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South Colton Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Krista Ann Freego

William Michael Duskas

Megan Jean Mccarthy Whitton

Jonathan D. Rhodes

Andrew Steven Moses

Roger B. Linden

Jerome J. Richards

David Daryl Willer

Rosemary R. Philips

Richard Fred Hunter

TIPS

LEGAL TERMS

PRIORITY DEBT

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

DISPOSABLE INCOME

LIABILITY

SETOFF

FDCPA

CCCS

REDEMPTION

TRADE DRESS

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