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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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Jerrold W. Bartman

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

409 New Karner Road, Albany, NY 12205

Erica Lynne Ludwick

Family Law, Elder Law, Contract, Credit & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

6 Market St, Amsterdam, NY 12010

Carlotta Lucy Palmer

Public Interest Law, Employee Rights, Elder Law, Credit & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

6 Market St, Amsterdam, NY 12010

Erica Lynne Zimny

Family Law, Elder Law, Contract, Credit & Debt

Status: Inactive Licensed: 17 Years

CONTACT

1 Kimball St, Amsterdam, NY 12010

Stuart Thalblum

Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

6 Market St, Amsterdam, NY 12010

Christopher John Dodd

Public Finance, Securities, Banking & Finance, Credit & Debt

Status: Deceased Licensed: 52 Years

CONTACT

1414 State Highway 5-S, Amsterdam, NY 12010

Carol Dillon Pollard

Immigration, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

113 Swan St, Schenectady, NY 12302

Kenneth William Gibbons

Real Estate, Divorce & Family Law, Criminal, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

309 Mohawk Ave, Schenectady, NY 12302

Kathleen Anne Barclay

Federal Appellate Practice, Insurance, Business, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

24 Jubilee Acres Lane, Ballston Lake, NY 12020

Patricia Leonard

Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

20 Fenwick St, Ballston Lake, NY 12020

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

FDCPA

See Fair Debt Collections & Practices Act.

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.

FCRA

See Fair Credit Reporting Act.

LIQUIDATING PARTNER

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

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Amsterdam Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jerrold W. Bartman

Erica Lynne Ludwick

Carlotta Lucy Palmer

Erica Lynne Zimny

Stuart Thalblum

Christopher John Dodd

Carol Dillon Pollard

Kenneth William Gibbons

Kathleen Anne Barclay

Patricia Leonard

TIPS

LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

LIABILITY

FAIR CREDIT REPORTING ACT (FCRA)

REDEMPTION

CREDITOR

FDCPA

WORKOUT

FCRA

LIQUIDATING PARTNER

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