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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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Alan R. Lecours

Real Estate, Criminal, Bankruptcy & Debt

Status: In Good Standing

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Gansevoort, NY 12831

Alex Colin Turnello

Workers' Compensation, Natural Resources, Construction, Personal Injury, Consumer Bankruptcy

Status: In Good Standing Licensed: 9 Years

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17 Heinrick St, Queensbury, NY 12804

Antonin I. Z. Robbason

Civil Rights, Bankruptcy

Status: In Good Standing

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511 Glen St, Glens Falls, NY 12801

Antonin I. Z. Robbason

Construction, Litigation, Insurance, Collection

Status: In Good Standing

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511 Glen St, Glens Falls, NY 12801

Arnold B. Firestone

International, Employment Discrimination, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 65 Years

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39 Loughberry Lake Rd, Saratoga Springs, NY 12866

Brandi Burns

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

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20 Church Ave, Ballston Spa, NY 12020

Chelsey Tulis Lester

Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

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60 Railroad Pl, Saratoga Springs, NY 12866

David F. Devall

Divorce & Family Law, Bankruptcy, Criminal, Litigation

Status: In Good Standing Licensed: 47 Years

FREE CONSULTATION

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59 Franklin Stret, Saratoga Springs, NY 12866

Edwin Michael Adeson

Real Estate, Traffic, Litigation, Lawsuit & Dispute, Bankruptcy

Status: In Good Standing Licensed: 30 Years

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1 Lawrence St, Glens Falls, NY 12801

Elizabeth Lisa Fairbanks-Fletcher

Tax Litigation, Foreclosure, Divorce, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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3257 Route 9, Saratoga Springs, NY 12866

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the 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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

FCRA

See Fair Credit Reporting Act.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

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Corinth Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alan R. Lecours

Alex Colin Turnello

Antonin I. Z. Robbason

Antonin I. Z. Robbason

Arnold B. Firestone

Brandi Burns

Chelsey Tulis Lester

David F. Devall

Edwin Michael Adeson

Elizabeth Lisa Fairbanks-Fletcher

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

COLLECTION AGENCY

WORKOUT

FCRA

GARNISHMENT

CHAPTER 13 BANKRUPTCY

DEBT COLLECTOR

FRATERNAL BENEFIT SOCIETY BENEFITS

ABUSE

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