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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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Jeffrey Edward Litman

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Accident & Injury, Bankruptcy & Debt, Criminal, Estate

Eugene Litman, Esq. established Litman & Litman, P.C. in 1958. Eugene raised his four sons with aspirations that they would join him in the legal prof... (more)

CONTACT

516-353-1500

5 Bering Ct., Woodbury, NY 11797

Scott R. Schneider

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Bankruptcy & Debt, Immigration

My name is Scott R. Schneider, and I'm committed to bringing more than two decades of bankruptcy law experience to help you unburden yourself if you a... (more)

FREE CONSULTATION

CONTACT

800-725-7891

117 Broadway, Hicksville, NY 11801

James S Don

Administrative Law, Dispute Resolution, Bankruptcy, Corporate

Status:

CONTACT

380 North Broadway, Jericho, NY 11753

David S. Zeidman, Esq

Divorce & Family Law, Consumer Bankruptcy, Residential Real Estate

Status: Licensed: 50 Years

CONTACT

16 Donald Dr., Syosset, NY 11791

Alan Curtis Stein

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

Status: Licensed: 31 Years

FREE CONSULTATION

CONTACT

7600 Jericho Tpke, Woodbury, NY 11797

Ronald D. Weiss

Landlord-Tenant, Foreclosure, Credit & Debt, Bankruptcy

Status: Licensed: 37 Years

FREE CONSULTATION

CONTACT

734 Walt Whitman Rd, Melville, NY 11747

James Meaney

Bankruptcy & Debt, Real Estate, Criminal, Divorce & Family Law

Status: Licensed: 21 Years

FREE CONSULTATION

CONTACT

90 Main Street, Cold Spring Harbor, NY 11724

Steven William Stutman

Real Estate, Consumer Bankruptcy, Wills & Probate, Bankruptcy

Status: Licensed: 51 Years

FREE CONSULTATION

CONTACT

535 Broadhollow Road, Melville, NY 11747

Robin Sheryl Abramowitz

Credit & Debt, Family Law, Arbitration, Mediation

Status:

CONTACT

225 Old Country Rd, Melville, NY 11747

Paul S. Hyl

Health Care Other, Estate Planning, Elder Law, Collection

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CONTACT

225 Broad Hollow Road, Melville, NY 11747

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

LIQUIDATING PARTNER

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

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.

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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Woodbury Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeffrey Edward Litman

Scott R. Schneider

James S Don

David S. Zeidman, Esq

Alan Curtis Stein

Ronald D. Weiss

James Meaney

Steven William Stutman

Robin Sheryl Abramowitz

Paul S. Hyl

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LEGAL TERMS

S CORPORATION

INFRINGEMENT (OF TRADEMARK)

WINDING UP

TRADE NAME

FORBEARANCE

DOING BUSINESS AS (DBA)

LIQUIDATING PARTNER

AUTOMATIC STAY

NONDISCHARGEABLE DEBTS

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