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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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Anthony J. Lopresti

Divorce, Child Custody, Child Support, Collection

Status:

CONTACT

585 Stewart Ave, Garden City, NY 11530

Anthony Francis Giuliano

Bankruptcy

Status: Licensed: 30 Years

CONTACT

675 Old Country Rd, Westbury, NY 11590

Anthony Adam Capetola

International, Child Support, Felony, Bankruptcy & Debt

Status: Licensed: 54 Years

CONTACT

2 Hillside Ave, Williston Park, NY 11596

Anthony Michael Soscia

Other, Health Care, Employment, Collection

Status: Licensed: 51 Years

CONTACT

100 Quentin Roosevelt Blvd, Garden City, NY 11530

Anthony J. Perano

Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

1299 Corporate Dr, Old Westbury, NY 11590

Antonia M. Donohue

Business, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

300 Garden City Plaza, Garden City, NY 11530

Arnold M. Bottalico

Foreclosure, Mass Torts, Insurance, Bankruptcy, Personal Injury

Status:

CONTACT

1225 Franklin Ave, Garden City, NY 11530

Arthur Christopher Schupbach

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

22 Jericho Tpke, Mineola, NY 11501

Ashley Starr Osadon

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: Licensed: 10 Years

CONTACT

926 Rxr Plz, Uniondale, NY 11556

Avigael Cymrot Fyman

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: Licensed: 19 Years

CONTACT

926 Rxr Plaza, Uniondale, NY 11556

800-814-6700

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LEGAL TERMS

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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West Hempstead Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony J. Lopresti

Anthony Francis Giuliano

Anthony Adam Capetola

Anthony Michael Soscia

Anthony J. Perano

Antonia M. Donohue

Arnold M. Bottalico

Arthur Christopher Schupbach

Ashley Starr Osadon

Avigael Cymrot Fyman

TIPS

LEGAL TERMS

DEBIT CARD

REAFFIRMATION

ABUSE

ACCORD AND SATISFACTION

CREDIT BUREAU

DOING BUSINESS AS (DBA)

LIABILITY

ADMINISTRATIVE EXPENSES

GENERAL PARTNER

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