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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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Bruce S. Scolton

Alimony & Spousal Support, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

414 E. Fairmount Avenue, Lakewood, NY 14750

Dustin Deweese Nelson

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

Chautauqua, NY 14722

Patrick Joseph Slagle

Real Estate, Lawsuit & Dispute, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

7 N Erie St, Mayville, NY 14757

Todd Matthew Thomas

Landlord-Tenant, Wills & Probate, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

3 N Erie St, Mayville, NY 14757

Scott F. Harley

Lawsuit & Dispute, Government, Divorce & Family Law, Bankruptcy & Debt

Status: Suspended Licensed: 47 Years

CONTACT

3 N Erie St, Mayville, NY 14757

Thomas Arthur Dorey

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

Status: In Good Standing Licensed: 47 Years

CONTACT

Lakewood, NY 14750

Charles Robert Loveland

Real Estate, Traffic, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

11 Lake Avenue, Brocton, NY 14716

Stephen James Wright

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

525 Fairmount Ave, Jamestown, NY 14701

Matthea W. Ross

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

202 W 4Th St, Jamestown, NY 14701

Robert A. Liebers

Real Estate, Child Custody, Criminal, Bankruptcy

Status: Deceased Licensed: 41 Years

CONTACT

15 E 5Th St, Jamestown, NY 14701

800-923-0641

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LEGAL TERMS

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.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured 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.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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Chautauqua Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bruce S. Scolton

Dustin Deweese Nelson

Patrick Joseph Slagle

Todd Matthew Thomas

Scott F. Harley

Thomas Arthur Dorey

Charles Robert Loveland

Stephen James Wright

Matthea W. Ross

Robert A. Liebers

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LEGAL TERMS

TRADE DRESS

LIMITED LIABILITY

REDEMPTION

GARNISHMENT

TRUTH IN LENDING ACT (TILA)

SECURED DEBT

SETOFF

COLLECTION AGENCY

INFRINGEMENT (OF TRADEMARK)

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