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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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Jay Wolf Ungerman

Bankruptcy

Status: Licensed: 63 Years

CONTACT

136 Grand Street, Croton On Hudson, NY 10520

Jason Lloyd Stern

General Practice

Status: Licensed: 30 Years

CONTACT

420 S Riverside Ave, Croton On Hudson, NY 10520

Lori G. Feldman

Litigation, Employment Discrimination, Civil Rights, Securities, Consumer Bankruptcy

Status: Licensed: 34 Years

CONTACT

102 Half Moon Bay Dr, Croton On Hudson, NY 10520

John Balch Mcbride

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

1 Croton Point Ave, Croton On Hudson, NY 10520

Ari Joshua Stein

Other, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

1 Railroad Square, Haverstraw, NY 10927

Mary Lynn Mccaffrey

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

49 Maple Ave, New City, NY 10956

Seth Howard Schlanger

Tax, Traffic, Collection

Status: Licensed: 45 Years

CONTACT

36 E Heritage Dr, New City, NY 10956

Mark S. Swartz

Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

20 Squadron Blvd, New City, NY 10956

Richard J. Feinberg

International, Family Law, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 56 Years

CONTACT

254 S Main St, New City, NY 10956

Isabel L. Becker

Industry Specialties, Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 55 Years

CONTACT

49 Maple Ave, New City, NY 10956

800-923-0641

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LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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West Haverstraw Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jay Wolf Ungerman

Jason Lloyd Stern

Lori G. Feldman

John Balch Mcbride

Ari Joshua Stein

Mary Lynn Mccaffrey

Seth Howard Schlanger

Mark S. Swartz

Richard J. Feinberg

Isabel L. Becker

TIPS

LEGAL TERMS

FRATERNAL BENEFIT SOCIETY BENEFITS

C CORPORATION

ADMINISTRATIVE EXPENSES

LOSS DAMAGE WAIVER (LDW)

LIMITED PARTNERSHIP

INFRINGEMENT (OF TRADEMARK)

REAFFIRMATION

CREDIT COUNSELING

MEETING OF CREDITORS

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