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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

Michael H. Schwartz

Foreclosure, Reorganization, Credit & Debt, Consumer Bankruptcy

Status: In Good Standing Licensed: 42 Years

FREE CONSULTATION

CONTACT

One Water Street, White Plains, NY 10601

John Lawrence Marchione

Bankruptcy, Household Mold, Public Interest Law, Child Custody

Status: In Good Standing

CONTACT

445 Hamilton Avenue, White Plains, NY 10601

Robert L. Rattet

Government, Child Custody, Bankruptcy

Status: In Good Standing

CONTACT

One North Lexington Avenue, White Plains, NY 10601

Julie A. Cvek

Bankruptcy

Status: In Good Standing

CONTACT

One North Lexington Avenue, White Plains, NY 10601

Erica R. Feynman

Bankruptcy

Status: In Good Standing

CONTACT

One North Lexington Avenue, White Plains, NY 10601

Kenneth Busman

Construction, Family Law, Divorce, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

175 Main St, White Plains, NY 10601

Steven A. Campanaro

Real Estate, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

707 Westchester Ave, West Harrison, NY 10604

James Glucksman

Commercial Real Estate, Litigation, Business & Trade, Bankruptcy

Status: In Good Standing

CONTACT

One North Lexington Avenue, White Plains, NY 10601

Diana P. Cachaya

Bankruptcy, Personal Injury, Family Law, Wills & Probate

Status: In Good Standing

CONTACT

203 E Post Rd, White Plains, NY 10601

Ronald L. Konove

Litigation, Private Schools, Commercial Bankruptcy, Prenuptial Agreements

Status: In Good Standing Licensed: 53 Years

CONTACT

301 Old Tarrytown Rd, White Plains, NY 10603

800-923-0641

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LEGAL TERMS

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

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.

DISCHARGE (OF DEBTS)

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

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

CREDIT FILE

See credit report.

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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Valhalla Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael H. Schwartz

John Lawrence Marchione

Robert L. Rattet

Julie A. Cvek

Erica R. Feynman

Kenneth Busman

Steven A. Campanaro

James Glucksman

Diana P. Cachaya

Ronald L. Konove

TIPS

LEGAL TERMS

GUARANTOR

CREDIT COUNSELING

DISCHARGEABLE DEBTS

LIMITED PARTNERSHIP

GRACE PERIOD

DISCHARGE (OF DEBTS)

TRADE DRESS

COLLECTION AGENCY

CREDIT FILE

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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