Waukegan Reorganization Lawyer, Illinois

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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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Patrick John Hart

Family Law, Corporate, Reorganization, Bankruptcy, Child Support

Status: In Good Standing

CONTACT

728 Florsheim Drive, Libertyville, IL 60048

George J. Koulogeorge

Litigation, International Tax, Insurance, Reorganization

Status: In Good Standing Licensed: 32 Years

CONTACT

645 Buena Rd, Lake Forest, IL 60045

Russell Monroe Kofoed

Identity Theft, Contract, Reorganization, Wrongful Death

Status: In Good Standing Licensed: 59 Years

CONTACT

807 Linden Ave, Wilmette, IL 60091

Russell M. Kofoed

Identity Theft, Contract, Reorganization, Wrongful Death

Status: In Good Standing Licensed: 59 Years

CONTACT

807 Linden Ave, Wilmette, IL 60091

Brian L. Shaw

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

CONTACT

321 North Clark Street, Chicago, IL 60654

Jay S. Geller

Litigation, Workout, Reorganization, Commercial Bankruptcy

Status: In Good Standing

CONTACT

321 N. Clark Street, Chicago, IL 60654

Gregory Eugene Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Gregory Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

David Theodore Holtermann

Civil & Human Rights, Reorganization

Status: In Good Standing Licensed: 30 Years

CONTACT

65 E Wacker Pl, Chicago, IL 60601

Bruce C. Scalambrino

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

One North Lasalle Street, Chicago, IL 60602

800-923-0641

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LEGAL TERMS

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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).

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Waukegan Reorganization Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patrick John Hart

George J. Koulogeorge

Russell Monroe Kofoed

Russell M. Kofoed

Brian L. Shaw

Jay S. Geller

Gregory Eugene Spitzer

Gregory Spitzer

David Theodore Holtermann

Bruce C. Scalambrino

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LEGAL TERMS

FRAUDULENT TRANSFER

CHAPTER 13 BANKRUPTCY

SECRET WARRANTY PROGRAM

COSIGNER

CREDIT REPORT

NONDISCHARGEABLE DEBTS

TRADE DRESS

COLLATERAL

SUBROGATION

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