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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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Robert Willis Birch

Real Estate, Business, Bankruptcy & Debt

Status:

CONTACT

Cooperstown, NY 13326

Rosemarie Richards

Bankruptcy, Family Law, Adoption, Real Estate

Status: Licensed: 24 Years

CONTACT

156 Coye Brook Rd, South New Berlin, NY 13843

Michael Alan Brush

Family Law, Divorce & Family Law, Criminal, Collection

Status: Licensed: 57 Years

CONTACT

14 Reynolds Ave, Oneonta, NY 13820

Carol Ann Malz

Real Estate, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

554 Main St, Oneonta, NY 13820

G Kevin Ludlow

Real Estate, Other, Estate, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

Sauquoit, NY 13456

Rosemarie Anne Richards

Family Law, Divorce, Child Custody, Bankruptcy

Status: Licensed: 24 Years

CONTACT

26 Conkey Avenue, Norwich, NY 13815

Scott Harris Oberman

Motor Vehicle, Criminal, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 42 Years

CONTACT

110 W Albany St, Herkimer, NY 13350

Beverley Joy Forrest

Dispute Resolution, Bankruptcy

Status: Licensed: 45 Years

CONTACT

104 N Washington St, Herkimer, NY 13350

Karl Erik Manne

Landlord-Tenant, Wills & Probate, Collection, Bankruptcy

Status:

CONTACT

107 Court Street, Herkimer, NY 13350

Todd Daniel Bennett

Traffic, Criminal, Bankruptcy, Personal Injury

Status: Licensed: 33 Years

CONTACT

123 Court St, Herkimer, NY 13350

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.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

LIQUIDATING PARTNER

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

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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West Burlington Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert Willis Birch

Rosemarie Richards

Michael Alan Brush

Carol Ann Malz

G Kevin Ludlow

Rosemarie Anne Richards

Scott Harris Oberman

Beverley Joy Forrest

Karl Erik Manne

Todd Daniel Bennett

TIPS

LEGAL TERMS

GARNISHMENT

BANKRUPTCY TRUSTEE

CHAPTER 7 BANKRUPTCY

CYBERSQUATTING

LIQUIDATING PARTNER

PREFERENCE

GUARANTEED RESERVATION

DEBT COLLECTOR

CREDIT INSURANCE

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