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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Daniel T Altman

Condominiums, Commercial Real Estate, Commercial Leasing, Commercial Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

1 Grand Central Place, New York, NY 10165

Robert M. Sasloff

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

875 3Rd Ave, New York, NY 10022

Phillip Mahony

Foreclosure, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

2183 Steinway St, Long Island City, NY 11105

Philip Arwood Byler

Status: In Good Standing Licensed: 46 Years

CONTACT

363 7Th Ave, New York, NY 10001

Michael Terrance Conway

Securities, Banking & Finance, Business, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

747 3Rd Ave, New York, NY 10017

Lori A. Schwartz

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

875 3Rd Ave, New York, NY 10022

David B. Rosenberg

Corporate, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

444 Madison Ave, New York, NY 10022

Nathan Erlich

Business & Trade, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

10818 Queens Blvd, Forest Hills, NY 11375

Justin Goldblatt

Securities, Bankruptcy

Status: In Good Standing

CONTACT

885 Third Avenue, New York, NY 10022

Judith Elkin

Mediation, International Other, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

780 Third Avenue, New York, NY 10017

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

FCRA

See Fair Credit Reporting Act.

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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.

FCBA

See Fair Credit Billing Act.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Sunnyside Bankruptcy Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Daniel T Altman

Robert M. Sasloff

Phillip Mahony

Philip Arwood Byler

Michael Terrance Conway

Lori A. Schwartz

David B. Rosenberg

Nathan Erlich

Justin Goldblatt

Judith Elkin

TIPS

LEGAL TERMS

TRADE DRESS

ACCORD AND SATISFACTION

FCRA

CREDIT COUNSELING

C CORPORATION

CHAPTER 13 BANKRUPTCY

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

SECURED DEBT

FCBA

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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