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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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Andriy Troyanovych

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

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281 Sanders Creek Pkwy, East Syracuse, NY 13057

Clifford Forstadt

Family Law, Divorce & Family Law, Business, Bankruptcy & Debt

Status: Licensed: 50 Years

CONTACT

211 N Center St, East Syracuse, NY 13057

Craig C. Humpleby

Government, Criminal, Bankruptcy & Debt

Status: Licensed: 23 Years

CONTACT

4306 E Genesee St, Syracuse, NY 13214

Diane Marie Martin-Grande

Deportation, Divorce, Divorce & Family Law, Collection

Status:

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1200 Floyd Ave, Rome, NY 13440

Edward Dunscomb Earl

Employment, Bankruptcy & Debt

Status:

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46 N Park Row, Clinton, NY 13323

Harold Philip Goldberg

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 62 Years

CONTACT

201 Summerhaven Dr S, East Syracuse, NY 13057

Harris Nelson Lindenfeld

Bankruptcy

Status: Licensed: 38 Years

CONTACT

5 Adler Dr, East Syracuse, NY 13057

Karlene Ann Archer

Bankruptcy & Debt

Status: Licensed: 12 Years

CONTACT

4262 Trout Lilly Ln, Manlius, NY 13104

Maxsen David Champion

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

8578 E Genesee St, Fayetteville, NY 13066

Meade Hubbard Versace

Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

113 Rose Ln, Rome, NY 13440

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

FCRA

See Fair Credit Reporting Act.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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Verona Beach Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andriy Troyanovych

Clifford Forstadt

Craig C. Humpleby

Diane Marie Martin-Grande

Edward Dunscomb Earl

Harold Philip Goldberg

Harris Nelson Lindenfeld

Karlene Ann Archer

Maxsen David Champion

Meade Hubbard Versace

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LEGAL TERMS

GARNISHMENT

C CORPORATION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

AUTOMATIC STAY

CREDIT REPORT

UNDUE HARDSHIP

NONPROFIT CORPORATION

FCRA

NUISANCE FEES

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