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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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Andrew N. Greher

Alimony & Spousal Support, Adoption, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

1161 Little Britain Rd, Newburgh, NY 12553

Andrew N. Greher

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 24 Years

CONTACT

1161 Little Britain Rd, Newburgh, NY 12553

Christopher B Kleister

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

Status: In Good Standing

CONTACT

85 E Main St, Washingtonville, NY 10992

John A. Hurban

Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

85 E Main St, Washingtonville, NY 10992

Kyle Allen Seiss

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 8 Years

CONTACT

99 Brookside Ave, Chester, NY 10918

Stephen P. La Barbera

Environmental Law Other, Business, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

99 Brookside Ave, Chester, NY 10918

Thomas Charles Landrigan

Lawsuit & Dispute, Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 25 Years

CONTACT

99 Brookside Ave, Chester, NY 10918

Victoria Lynn Anderson

Federal Appellate Practice, Family Law, Divorce & Family Law, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

1 Mediacom Way, Chester, NY 10918

Victoria Lynn Anderson

General Practice

Status: In Good Standing Licensed: 29 Years

CONTACT

1 Mediacom Way, Chester, NY 10918

Warren Greher

Alimony & Spousal Support, Child Support, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing Licensed: 53 Years

CONTACT

1161 Little Britain Rd, Newburgh, NY 12553

800-923-0641

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LEGAL TERMS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Blooming Grove Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew N. Greher

Andrew N. Greher

Christopher B Kleister

John A. Hurban

Kyle Allen Seiss

Stephen P. La Barbera

Thomas Charles Landrigan

Victoria Lynn Anderson

Victoria Lynn Anderson

Warren Greher

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LEGAL TERMS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CURRENT MONTHLY INCOME

FORBEARANCE

TOXIC TORT

DEBT COLLECTOR

CHAPTER 13 PLAN

GRACE PERIOD

REPOSSESSION

LIMITED LIABILITY

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