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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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David Ian Pankin

Workout, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

48 Willoughby St, MetroTech, Brooklyn, NY 11201

Nat Wasserstein

Business, Credit & Debt, Workout, Corporate

Status: In Good Standing Licensed: 30 Years

FREE CONSULTATION

CONTACT

328 North Broadway, Upper Nyack, NY 10960

Hyung Joon Stanley Lim

Banking & Finance, Credit & Debt, Workout, Lending

Status: In Good Standing

CONTACT

1 Crosfield Ave, West Nyack, NY 10994

William Paul Weintraub

Litigation, Workout, Reorganization, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

620 Eighth Avenue, New York, NY 10018

Rosalie Walker Walker Gray

Business Organization, Workout

Status: In Good Standing Licensed: 38 Years

CONTACT

885 3Rd Ave, New York, NY 10022

Michael E. Wiles

Litigation, Workout

Status: In Good Standing Licensed: 46 Years

CONTACT

919 3Rd Ave, New York, NY 10022

Robert J. Rosenberg

International Other, Business Organization, Workout

Status: In Good Standing Licensed: 53 Years

CONTACT

885 3rd Ave, New York, NY 10022

R. Spencer Lauterbach

Corporate, Workout, Household Mold, Trusts

Status: In Good Standing

CONTACT

151 North Main Street, New City, NY 10956

Michael J. Rishty

Real Estate, Joint Ventures, Merger & Acquisition, Workout

Status: In Good Standing Licensed: 23 Years

CONTACT

200 Park Ave, New York, NY 10166

John F. Bricker

Banking & Finance, Workout

Status: In Good Standing Licensed: 44 Years

CONTACT

1114 Avenue Of The Americas, New York, NY 10036

800-923-0641

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LEGAL TERMS

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.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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Bronxville Workout Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Ian Pankin

Nat Wasserstein

Hyung Joon Stanley Lim

William Paul Weintraub

Rosalie Walker Walker Gray

Michael E. Wiles

Robert J. Rosenberg

R. Spencer Lauterbach

Michael J. Rishty

John F. Bricker

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LEGAL TERMS

GENERAL PARTNER

C CORPORATION

AUTOMATIC STAY

TOXIC TORT

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

COLLECTION AGENCY

FAIR CREDIT BILLING ACT (FCBA)

SETOFF

UNDUE HARDSHIP

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