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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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David Ian Pankin

Workout, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

48 Willoughby St, MetroTech, Brooklyn, NY 11201

Alex Markhasin

Construction, Contract, Workout, Personal Injury

Status: Licensed: 11 Years

CONTACT

1247 Avenue, Brooklyn, NY 11235

Antonia Golianopoulos

Workers' Compensation, Workout, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

1221 Avenue Of The Americas, New York, NY 10020

Benjamin Hoch

Business, Workout, Credit & Debt, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

1301 Avenue Of The Americas, New York, NY 10019

Eric Sleeper

Litigation, Corporate, Workout, Reorganization, Commercial Bankruptcy

Status:

CONTACT

1095 Avenue of the Americas, 38th Fl., New York, NY 10001

George Robertson Howard

Litigation, Workout, Reorganization, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

Howard Seife

Workout, Credit & Debt, Commercial Bankruptcy, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

1301 Avenue Of The Americas, New York, NY 10019

John J. Rapisardi

Litigation, Industry Specialties, Workout, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

7 Times Square, New York, NY 10036

John F. Bricker

Banking & Finance, Workout

Status: Licensed: 44 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

Karen M Platt

Children's Rights, Workout, Reorganization, Bankruptcy, Litigation

Status: Licensed: 25 Years

CONTACT

7 Times Square, New York, NY 10036

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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Springfield Gardens Workout Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Ian Pankin

Alex Markhasin

Antonia Golianopoulos

Benjamin Hoch

Eric Sleeper

George Robertson Howard

Howard Seife

John J. Rapisardi

John F. Bricker

Karen M Platt

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LEGAL TERMS

DISCHARGE (OF DEBTS)

LOSS DAMAGE WAIVER (LDW)

LIQUIDATING PARTNER

MEANS TEST

GRACE PERIOD

WORKOUT

DISPOSABLE INCOME

GARNISHMENT

MEETING OF CREDITORS

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