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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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Elliot Scott Schlissel

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

I am available to help my clients 7 days a week.

The Law Offices of Schlissel DeCorpo is composed of attorneys and paralegals who are caring, dedicated professionals contributing experience and exper... (more)

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CONTACT

800-718-3171

479 Merrick Rd, Lynbrook, NY 11563

Adam L. Rosen

Real Estate, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

500 Merrick Rd, Rockville Centre, NY 11570

Adam Jon Fishbein

Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

735 Central Ave, Woodmere, NY 11598

Alan Evan Marder

Collection, Bankruptcy & Debt

Status: In Good Standing

CONTACT

406 Oceanfront, Long Beach, NY 11561

Allison Diana Polesky

Consumer Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

99 W Hawthorne Ave, Valley Stream, NY 11580

Antoinette I Pugliese

Litigation, Elder Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

381 Mulry Ln, Lawrence, NY 11559

Avinoam Cohen

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

Status: In Good Standing Licensed: 19 Years

CONTACT

11 Sunrise Plaza, Valley Stream, NY 11580

Bright Dae-Jung Limm

International, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

146-08 Liberty Avenue, Jamaica, NY 11435

Bryan Gordon

Real Estate, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

70 E Sunrise Hwy, Valley Stream, NY 11581

Christal A. Cammock

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

Status: In Good Standing Licensed: 5 Years

FREE CONSULTATION

CONTACT

70 E Sunrise Hwy, Valley Stream, NY 11581

800-923-0641

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LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

FCRA

See Fair Credit Reporting Act.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

CREDIT FILE

See credit report.

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.

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.

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Cedarhurst Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Elliot Scott Schlissel

Adam L. Rosen

Adam Jon Fishbein

Alan Evan Marder

Allison Diana Polesky

Antoinette I Pugliese

Avinoam Cohen

Bright Dae-Jung Limm

Bryan Gordon

Christal A. Cammock

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LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

TRUTH IN LENDING ACT (TILA)

FCRA

SETOFF

401(K) PLAN

INTEREST

CREDIT FILE

REAFFIRMATION

REDEMPTION

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