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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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Robert M. Sasloff

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

875 3Rd Ave, New York, NY 10022

David I Reischer

Bankruptcy & Debt, Business, Litigation, Intellectual Property

Status: In Good Standing

CONTACT

One Penn Plaza, New York, NY 10119

Michael Terrance Conway

Securities, Banking & Finance, Business, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

747 3Rd Ave, New York, NY 10017

Lori A. Schwartz

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

875 3Rd Ave, New York, NY 10022

David B. Rosenberg

Corporate, Business, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

444 Madison Ave, New York, NY 10022

Philip Arwood Byler

Status: In Good Standing Licensed: 46 Years

CONTACT

363 7Th Ave, New York, NY 10001

Michael C. Deutsch

Class Action, Employment, Securities, Collection

Status: In Good Standing Licensed: 32 Years

CONTACT

1 Penn Plaza, New York, NY 10119

Michael Pollok

DUI-DWI, Criminal, Banking & Finance, Collection

Status: In Good Standing

CONTACT

415 Madison Avenue, New York, NY 10017

Doug Clemmons

Bankruptcy & Debt, Business, Real Estate, Social Security

FREE CONSULTATION

CONTACT

817 Broadway, NEW YORK, NY 10003

Andrew H. Seiden

Intellectual Property, Entertainment, Corporate, Credit & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

101 Park Ave, New York, NY 10178

800-923-0641

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.'

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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Woodside Bankruptcy & Debt Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert M. Sasloff

David I Reischer

Michael Terrance Conway

Lori A. Schwartz

David B. Rosenberg

Philip Arwood Byler

Michael C. Deutsch

Michael Pollok

Doug Clemmons

Andrew H. Seiden

TIPS

LEGAL TERMS

FDCPA

WINDING UP

TOXIC TORT

ADMINISTRATIVE EXPENSES

GUARANTEED RESERVATION

WORKOUT

LOSS DAMAGE WAIVER (LDW)

MEETING OF CREDITORS

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

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