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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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Rosemarie Bruno

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

3771 Nesconset Hwy, Centereach, NY 11720

Brian Morris

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

Status: In Good Standing Licensed: 20 Years

CONTACT

2233 Nesconset Hwy, Lake Grove, NY 11755

Stephen C. Giametta

Criminal, Estate, Elder Law, Real Estate, Collection

Status: In Good Standing Licensed: 22 Years

FREE CONSULTATION

CONTACT

1001 Hawkins Ave, Lake Grove, NY 11755

Maria Christine Ambrosio

Immigration, Family Law, Consumer Rights, Collection

Status: In Good Standing Licensed: 38 Years

CONTACT

21 Annandale Rd, Stony Brook, NY 11790

Joyce Marie Glass

Real Estate, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

43 Southview Cir, Lake Grove, NY 11755

Allison Leigh Lampert

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

650 Portion Rd, Ronkonkoma, NY 11779

Michael Jay Lang

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 65 Years

CONTACT

407 Elton Ct E, Saint James, NY 11780

Michael J. Lang

Commercial Real Estate, Commercial Leasing, Estate Administration, Consumer Bankruptcy

Status: In Good Standing Licensed: 65 Years

CONTACT

407 Elton Ct E, Saint James, NY 11780

Brian Brendan Mulholland

Collection, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

71 Champlain St, Port Jefferson Station, NY 11776

Krista Elaine Siederman

Collection

Status: In Good Standing Licensed: 9 Years

CONTACT

1176 Portion Rd, Holtsville, NY 11742

800-923-0641

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LEGAL TERMS

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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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Centereach Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Rosemarie Bruno

Brian Morris

Stephen C. Giametta

Maria Christine Ambrosio

Joyce Marie Glass

Allison Leigh Lampert

Michael Jay Lang

Michael J. Lang

Brian Brendan Mulholland

Krista Elaine Siederman

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LEGAL TERMS

TOXIC TORT

DOING BUSINESS AS (DBA)

SETOFF

NONEXEMPT PROPERTY

DISCHARGE (OF DEBTS)

ABUSE

LIEN

FRAUDULENT TRANSFER

LIMITED LIABILITY

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