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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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Jerry Merola

Tax, Bankruptcy & Debt, Criminal, Business

Status: In Good Standing

FREE CONSULTATION

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91 N. Franklin Street, Hempstead, NY 11550

Howard D. Weisinger

Real Estate, Criminal, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

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393 Old Country Rd, Carle Place, NY 11514

Richard Harvey Bag

Bankruptcy & Debt, Business

Status: In Good Standing Licensed: 52 Years

FREE CONSULTATION

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1025 Northern Blvd, Roslyn, NY 11576

Paula Jeanette Mcgill

Sexual Harassment, Discrimination, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 27 Years

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1225 Franklin Ave, Garden City, NY 11530

Lee Alan Weiss

Litigation, Employee Rights, Securities, Consumer Bankruptcy

Status: In Good Standing Licensed: 33 Years

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585 Stewart Ave, Garden City, NY 11530

James Pennington Truitt

Commercial Real Estate, Commercial Leasing, Commercial Insurance, Collection

Status: In Good Standing Licensed: 24 Years

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300 Garden City Plaza, Garden City, NY 11530

Bradley T. Slover

Corporate, Contract, Business Organization, Collection

Status: In Good Standing Licensed: 16 Years

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173 School St, Old Westbury, NY 11590

Mel Jacoby

Accident & Injury, Bankruptcy & Debt, Criminal, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

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2545 Hempstead Turnpike, East Meadow, NY 11554

Robert David Aronin

Business & Trade, Commercial Bankruptcy, Litigation

Status: In Good Standing Licensed: 35 Years

CONTACT

100 Garden City Plaza, Garden City, NY 11530

Amanda Rose Lamberson

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

Status: In Good Standing

CONTACT

400 Garden City Plaza, Garden City, NY 11530

800-923-0641

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LEGAL TERMS

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

CREDIT FILE

See credit report.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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Carle Place Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jerry Merola

Howard D. Weisinger

Richard Harvey Bag

Paula Jeanette Mcgill

Lee Alan Weiss

James Pennington Truitt

Bradley T. Slover

Mel Jacoby

Robert David Aronin

Amanda Rose Lamberson

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LEGAL TERMS

COLLECTION AGENCY

NONDISCHARGEABLE DEBTS

LIMITED PARTNERSHIP

CREDIT FILE

TRADE DRESS

CREDIT COUNSELING

COLLATERAL

SETOFF

GUARANTOR

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