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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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Jesus Antonio Cachaya

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

We have offices located in Westchester, White Plains and New York City and we represent clients throughout all of New York State in various legal matt... (more)

FREE CONSULTATION

CONTACT

800-318-9750

203 E Post Rd, White Plains, NY 10601

Robert Aaron Benjamin

Insurance, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

200 Summit Lake Dr, Valhalla, NY 10595

Lawrence Mark Gottlieb

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

500 Summit Lake Dr, Valhalla, NY 10595

Robert Wayne Wolper

Tax Litigation, Real Estate Other, Employee Rights, Business Organization, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

400 Columbus Ave, Valhalla, NY 10595

Christopher D. Acosta

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 8 Years

CONTACT

7 Skyline Dr, Hawthorne, NY 10532

Debra Palazzo

Landlord-Tenant, Trusts, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

317 Elwood Ave, Hawthorne, NY 10532

Angela Dee Williams

Employment, Religious Discrimination, Commercial Bankruptcy, Household Mold, Nursing Home

Status: In Good Standing Licensed: 15 Years

CONTACT

7 Skyline Dr, Hawthorne, NY 10532

J Patrick Carley

Litigation, Employee Rights, Consumer Protection, Commercial Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

Seven Skyline Drive, Hawthorne, NY 10532

Dominick Rendina

Real Estate, Estate, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 22 Years

CONTACT

42 Rolling Hills Road, Thornwood, NY 10594

Joanne Stabile

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

399 Knollwood Rd, White Plains, NY 10603

800-923-0641

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LEGAL TERMS

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.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CCCS

See Consumer Credit Counseling Service.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

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Valhalla Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jesus Antonio Cachaya

Robert Aaron Benjamin

Lawrence Mark Gottlieb

Robert Wayne Wolper

Christopher D. Acosta

Debra Palazzo

Angela Dee Williams

J Patrick Carley

Dominick Rendina

Joanne Stabile

TIPS

LEGAL TERMS

COSIGNER

TRADE DRESS

ABUSE

CCCS

CREDIT INSURANCE

TRADE NAME

DEFINED CONTRIBUTION PLAN

PREFERENCE

SETOFF

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