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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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Louis Wool

Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

8445 Kedvale Ave, Skokie, IL 60076

Louis Joseph Wool

Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

8445 Kedvale Ave, Skokie, IL 60076

Scott E. Hillison

Collection, Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

707 Lake Cook Road, Deerfield, IL 60015

Allan Stasica

Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

8858 N. Wisner Street, Niles, IL 60714

Karnig Kerkonian

Litigation, Business, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

1555 Sherman Avenue, Evanston, IL 60201

Karnig Kerkonian

Litigation, Collection, Business

Status: In Good Standing Licensed: 26 Years

CONTACT

1555 Sherman Avenue, Evanston, IL 60201

John Joseph Ferrentino

Landlord-Tenant, Bankruptcy, Traffic, State Appellate Practice

Status: In Good Standing Licensed: 14 Years

CONTACT

1 Northfield Plaza, Winnetka, IL 60093

Richard I. Atlas

Lawsuit & Dispute, Estate Planning, Collection

Status: In Good Standing Licensed: 48 Years

CONTACT

1550 Woodlark Drive, Northbrook, IL 60062

Richard Atlas

Lawsuit & Dispute, Estate Planning, Collection

Status: In Good Standing Licensed: 48 Years

CONTACT

1550 Woodlark Drive, Northbrook, IL 60062

John Louis Dentzer

Bankruptcy & Debt, Litigation, Personal Injury

Status: In Good Standing Licensed: 62 Years

CONTACT

2654 Reese Ave, Evanston, IL 60201

800-923-0641

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LEGAL TERMS

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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Winnetka Bankruptcy & Debt Lawyer, Illinois, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Louis Wool

Louis Joseph Wool

Scott E. Hillison

Allan Stasica

Karnig Kerkonian

Karnig Kerkonian

John Joseph Ferrentino

Richard I. Atlas

Richard Atlas

John Louis Dentzer

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LEGAL TERMS

FAIR CREDIT BILLING ACT (FCBA)

CHAPTER 13 PLAN

DEBIT CARD

SUBROGATION

TOXIC TORT

FAIR LABOR STANDARDS ACT (FLSA)

BANKRUPTCY TRUSTEE

LIEN

COLLECTION AGENCY

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