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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

Gary Bluestein

Bankruptcy, Tax

Status:

CONTACT

Buffalo, NY 14202

Jay Elliot Brett

Real Estate, Business & Trade, Corporate, Commercial Bankruptcy

Status: Licensed: 67 Years

CONTACT

2645 Sheridan Dr, Tonawanda, NY 14150

Philip Stephen Chamot

Real Estate, Estate Planning, Estate, Commercial Bankruptcy

Status: Licensed: 37 Years

CONTACT

76 West Ave, Lockport, NY 14094

Ronald Allen Sutton

Contract, Bankruptcy, Medical Malpractice, Workers' Compensation, Trusts

Status: Licensed: 39 Years

CONTACT

Grand Island, NY 14072

Charles Conrad Welch

Bankruptcy

Status: Licensed: 29 Years

CONTACT

1722 Lake Rd, Hamlin, NY 14464

Raymond S. DiRaddo

Estate Planning, Family Law, Criminal, Bankruptcy, Real Estate

Status: Licensed: 47 Years

CONTACT

31 Erie Canal Dr, Rochester, NY 14626

Mary Jo S. Korona

Litigation, Employee Rights, Civil Rights, Bankruptcy Litigation, Bankruptcy & Debt

Status:

CONTACT

28 E Main St, Rochester, NY 14614

Carl Alfred Steinbrenner

Real Estate, Intellectual Property, Business, Commercial Bankruptcy

Status: Licensed: 37 Years

CONTACT

104 Troup St, Rochester, NY 14608

Jason Peter Verhagen

Litigation, Lawsuit & Dispute, Civil Rights, Bankruptcy

Status: Licensed: 23 Years

CONTACT

100 Corporate Woods, Rochester, NY 14623

Jodie L. Ryan

Mass Torts, Litigation, Divorce & Family Law, Commercial Bankruptcy

Status: Licensed: 24 Years

CONTACT

1400 First Federal Plaza, Rochester, NY 14614

800-923-0641

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LEGAL TERMS

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

LIQUIDATING PARTNER

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

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.

FCBA

See Fair Credit Billing Act.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

FDCPA

See Fair Debt Collections & Practices Act.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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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Varysburg Bankruptcy Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gary Bluestein

Jay Elliot Brett

Philip Stephen Chamot

Ronald Allen Sutton

Charles Conrad Welch

Raymond S. DiRaddo

Mary Jo S. Korona

Carl Alfred Steinbrenner

Jason Peter Verhagen

Jodie L. Ryan

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

LIQUIDATING PARTNER

WORKOUT

FCBA

AUTOMATIC STAY

HOUSEHOLDER

INTEREST

FDCPA

UNSECURED DEBT

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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