Algonquin Bankruptcy & Debt Lawyer, Illinois

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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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Colleen Thomas

Divorce & Family Law, Bankruptcy, Child Custody, Child Support, Adoption

Thomas Law Office is a family law practice that handles divorce and bankruptcy cases, as well as child custody, child support, adoptions and more. For... (more)

CONTACT

847-426-7990

30 N. Western Avenue, Carpentersville, IL 60110

Sarah J. Holbrook

Bankruptcy, Foreclosure

Status: In Good Standing

CONTACT

2413 W. Algonquin Rd., Algonquin, IL 60102

Jack Bradley Fishman

Collection, Bankruptcy, Animal Bite, Corporate

Status: In Good Standing Licensed: 38 Years

CONTACT

1301 Pyott Rd, Lake In The Hills, IL 60156

Jack Fishman

Collection, Bankruptcy, Animal Bite, Corporate

Status: In Good Standing Licensed: 38 Years

CONTACT

1301 Pyott Rd, Lake In The Hills, IL 60156

Michele L. Aiken

Bankruptcy, Employee Rights

Status: In Good Standing Licensed: 17 Years

CONTACT

2413 W Algonquin Rd, Barrington, IL 60102

Sheila Diane Aiken

Consumer Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

2413 W. Road, Algonquin, IL 60102

Michele Aiken

Bankruptcy, Employee Rights

Status: In Good Standing Licensed: 17 Years

CONTACT

2413 W Algonquin Rd, Barrington, IL 60102

Sheila Aiken

Bankruptcy, Employment, Income Tax, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

2413 W. Road, Algonquin, IL 60102

Mary E. Gardner

Civil Rights, Transactions, Collection, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

106 Thorobred Ln, Dundee, IL 60118

Anne Bartos Miller

Bankruptcy, Estate, Real Estate, Mediation

Status: In Good Standing Licensed: 26 Years

CONTACT

1301 Pyott Rd., Lake in the Hills, IL 60156

800-923-0641

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LEGAL TERMS

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.'

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

LIQUIDATING PARTNER

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

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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Algonquin Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Colleen Thomas

Sarah J. Holbrook

Jack Bradley Fishman

Jack Fishman

Michele L. Aiken

Sheila Diane Aiken

Michele Aiken

Sheila Aiken

Mary E. Gardner

Anne Bartos Miller

TIPS

LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

PRESUMED ABUSE

CREDIT REPORT

INFRINGEMENT (OF TRADEMARK)

LIQUIDATING PARTNER

CREDIT BUREAU

HOUSEHOLDER

COSIGNER

GUARANTOR

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