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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 G Wallace

Adoption, Bankruptcy, Child Support, Criminal

Status: In Good Standing

CONTACT

108 E. Steuben Street, Bath, NY 14810

Amy Lillian Vichinsky

Criminal, Bankruptcy & Debt, Business, Other

Status: In Good Standing Licensed: 22 Years

CONTACT

Corning, NY 14830

Andrew Edward Stage

Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

450 West Second Street, Elmira, NY 14901

Charles Edward Andersen

Intellectual Property, Science, Technology & Internet, Corporate, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

100 N Main St, Elmira, NY 14901

Charles Andersen

Real Estate, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

28 Rodaha Drive, Corning, NY 14830

Christine Valkenburgh

Real Estate, Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

7 E Steuben St, Bath, NY 14810

Christopher Denton

Industry Specialties, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

311 Lake St, Elmira, NY 14901

Curtis Charles Warner

Class Action, Industry Specialties, Securities Fraud , Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

5 E Market St, Corning, NY 14830

Dennis R. Dawson

Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

Geneseo, NY 14454

Frederick J. Arcuri

Divorce & Family Law, DUI-DWI, Insurance, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

1 W Market St, Corning, NY 14830

800-923-0641

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LEGAL TERMS

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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Cameron Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David G Wallace

Amy Lillian Vichinsky

Andrew Edward Stage

Charles Edward Andersen

Charles Andersen

Christine Valkenburgh

Christopher Denton

Curtis Charles Warner

Dennis R. Dawson

Frederick J. Arcuri

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LEGAL TERMS

TRADE NAME

ABUSE

COLLECTION AGENCY

AUTOMATIC STAY

NUISANCE FEES

UNSECURED DEBT

LIABILITY

CHAPTER 7 BANKRUPTCY

REAFFIRMATION

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