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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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Charles M. Fox

Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

212 Meeker Rd, Vestal, NY 13850

John Henry Hartman

Lawsuit & Dispute, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

450 Plaza Dr, Vestal, NY 13850

Ryan Peter Wagenleitner

Gift Taxation, Bankruptcy, Class Action, Antitrust

Status: In Good Standing Licensed: 16 Years

CONTACT

2300 Hemlock Ln, Vestal, NY 13850

Mark David Spinner

Telecommunications, Credit & Debt, Collection, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

Binghamton, NY 13902

Michael Salvatore Fauci

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

Status: In Good Standing Licensed: 31 Years

CONTACT

6 Washington Ave, Endicott, NY 13760

James George Duffy

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 72 Years

CONTACT

2 Westland Ct, Binghamton, NY 13905

James Rothe

Dispute Resolution, Wills & Probate, Wrongful Termination, Criminal, Credit & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

5 Hawthorne Rd, Binghamton, NY 13903

Lauren S. Cohen

Family Law, Child Support, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

830 Oakdale Road, Johnson City, NY 13790

William James Casey

Civil Rights, Children's Rights, Contract, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

520 Columbia Dr, Johnson City, NY 13790

Cameron Burgin Daniels

Lawsuit & Dispute, Child Custody, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 10 Years

CONTACT

520 Columbia Dr, Johnson City, NY 13790

800-923-0641

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LEGAL TERMS

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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).

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Vestal Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Charles M. Fox

John Henry Hartman

Ryan Peter Wagenleitner

Mark David Spinner

Michael Salvatore Fauci

James George Duffy

James Rothe

Lauren S. Cohen

William James Casey

Cameron Burgin Daniels

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LEGAL TERMS

C CORPORATION

REDEMPTION

CREDIT COUNSELING

NONDISCHARGEABLE DEBTS

BANKRUPTCY TRUSTEE

COSIGNER

401(K) PLAN

CREDIT INSURANCE

CREDIT REPORT

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