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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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Michael James Laucello

Social Security -- Disability, Divorce, Bankruptcy, Personal Injury, Divorce & Family Law

Status: In Good Standing Licensed: 47 Years

CONTACT

40 Chenango Avenue, Clinton, NY 13323

Edward Dunscomb Earl

Employment, Bankruptcy & Debt

Status: In Good Standing

CONTACT

46 N Park Row, Clinton, NY 13323

Bartle J. Gorman

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 58 Years

CONTACT

150 Genesee St, New Hartford, NY 13413

Justin Michael Nackley

Wills & Probate, Wrongful Termination, Workers' Compensation, Collection

Status: In Good Standing

CONTACT

23 Oxford Rd, New Hartford, NY 13413

Rocco L. Versace

Traffic, Bankruptcy

Status: In Good Standing Licensed: 56 Years

CONTACT

113 Rose Ln, Rome, NY 13440

Meade Hubbard Versace

Bankruptcy & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

113 Rose Ln, Rome, NY 13440

Diane Marie Martin-Grande

Deportation, Divorce, Divorce & Family Law, Collection

Status: In Good Standing

CONTACT

1200 Floyd Ave, Rome, NY 13440

G Kevin Ludlow

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

Sauquoit, NY 13456

Joseph Pennisi Giruzzi

International Tax, Estate, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 33 Years

CONTACT

122 Business Park Dr, Utica, NY 13502

Richard Edward Kaplan

Other, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

2626 Sunset Ave, Utica, NY 13502

800-923-0641

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

LIQUIDATING PARTNER

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

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid 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.

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.

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Westmoreland Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael James Laucello

Edward Dunscomb Earl

Bartle J. Gorman

Justin Michael Nackley

Rocco L. Versace

Meade Hubbard Versace

Diane Marie Martin-Grande

G Kevin Ludlow

Joseph Pennisi Giruzzi

Richard Edward Kaplan

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LEGAL TERMS

DISCHARGE (OF DEBTS)

LIQUIDATING PARTNER

DOING BUSINESS AS (DBA)

CURRENT MONTHLY INCOME

REDEMPTION

COLLATERAL

AUTOMATIC STAY

SUBROGATION

NONDISCHARGEABLE DEBTS

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