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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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Mary Catherine Caroom

Clean Air Practice, Employee Rights, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

East Hampton, NY 11937

Mary Catherine Caroom

Mediation, Employee Rights, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

East Hampton, NY 11937

Mary Catherine Caroom

Mediation, Employee Rights, Business & Trade, Credit & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

East Hampton, NY 11937

Arthur Barry Malman

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 57 Years

CONTACT

99 Georgica Close Rd, East Hampton, NY 11937

Edward Timothy Mcauliffe

Landlord-Tenant, Dispute Resolution, Consumer Protection, Collection, Lawsuit & Dispute

Status: In Good Standing Licensed: 26 Years

CONTACT

3 Breeze Hill Rd, East Hampton, NY 11937

Brian Jay Lester

Litigation, International, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

132 N Main St, East Hampton, NY 11937

Leonard I. Ackerman

Dispute Resolution, Contract, Credit & Debt, Medical Malpractice

Status: In Good Standing

CONTACT

34 Pantigo Rd, East Hampton, NY 11937

Melvin Jerome Tublin

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 71 Years

CONTACT

46 Norfolk Dr, East Hampton, NY 11937

David Cohen

Real Estate, Litigation, Transportation & Shipping, Corporate, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

102 Montauk Blvd., East Hampton, NY 11937

John Minardo

Real Estate, Criminal, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

68 Madison Street, Sag Harbor, NY 11963

800-923-0641

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LEGAL TERMS

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

DISCHARGE (OF DEBTS)

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

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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Amagansett Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mary Catherine Caroom

Mary Catherine Caroom

Mary Catherine Caroom

Arthur Barry Malman

Edward Timothy Mcauliffe

Brian Jay Lester

Leonard I. Ackerman

Melvin Jerome Tublin

David Cohen

John Minardo

TIPS

LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

FRATERNAL BENEFIT SOCIETY BENEFITS

DEFINED CONTRIBUTION PLAN

BANKRUPTCY TRUSTEE

INTEREST

DISCHARGE (OF DEBTS)

CHAPTER 13 PLAN

DEBIT CARD

GENERAL PARTNER

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