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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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Richard S. Feinsilver

✓ VERIFIED

Real Estate, Bankruptcy, Bankruptcy & Debt

Your Long Island Bankruptcy Lawyer - 25 yrs exp.

Over the past 25 years, lawyer Richard Feinsilver has represented in excess of 6,000 clients in the prosecution of consumer and business bankruptcy pr... (more)

FREE CONSULTATION

CONTACT

800-977-1321

One Old Country Road, Carle Place, NY 11514

Scott R. Schneider

✓ VERIFIED

Bankruptcy & Debt, Immigration

My name is Scott R. Schneider, and I'm committed to bringing more than two decades of bankruptcy law experience to help you unburden yourself if you a... (more)

FREE CONSULTATION

CONTACT

800-725-7891

117 Broadway, Hicksville, NY 11801

Jeffrey Edward Litman

✓ VERIFIED

Accident & Injury, Bankruptcy & Debt, Criminal, Estate

Eugene Litman, Esq. established Litman & Litman, P.C. in 1958. Eugene raised his four sons with aspirations that they would join him in the legal prof... (more)

CONTACT

516-353-1500

5 Bering Ct., Woodbury, NY 11797

James S Don

Administrative Law, Dispute Resolution, Bankruptcy, Corporate

Status: In Good Standing

CONTACT

380 North Broadway, Jericho, NY 11753

Andrew J. Luskin

Dispute Resolution, Franchising, Business Organization, Collection

Status: In Good Standing

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1010 Northern Blvd., Great Neck, NY 11021

Moriah Adamo

Bankruptcy, Estate Planning, Guardianships & Conservatorships, Litigation

Status: In Good Standing

CONTACT

3 Dakota Drive, Lake Success, NY 11042

Sean P. Lenihan

Bankruptcy, Family Law, Landlord-Tenant, Litigation

Status: In Good Standing

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1111 Marcus Avenue, New Hyde Park, NY 11042

Barbara Stegun Phair

Patent, Mental Health, Licensing, Collection

Status: In Good Standing

CONTACT

1111 Marcus Avenue, New Hyde Park, NY 11042

Dorothy J. Santos

Bankruptcy, Estate Administration, Estate Planning

Status: In Good Standing

CONTACT

1111 Marcus Avenue, New Hyde Park, NY 11042

Parshhueram T. Misir

Construction, Real Estate, Litigation, Bankruptcy

Status: In Good Standing

CONTACT

170 Old Country Road, Mineola, NY 11501

800-923-0641

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LEGAL TERMS

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CREDIT FILE

See credit report.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.'

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

FCBA

See Fair Credit Billing 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.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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Glen Cove Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard S. Feinsilver

Scott R. Schneider

Jeffrey Edward Litman

James S Don

Andrew J. Luskin

Moriah Adamo

Sean P. Lenihan

Barbara Stegun Phair

Dorothy J. Santos

Parshhueram T. Misir

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LEGAL TERMS

DISPOSABLE INCOME

CREDIT FILE

ACCORD AND SATISFACTION

LOSS DAMAGE WAIVER (LDW)

LIQUIDATING PARTNER

FCBA

SETOFF

NONDISCHARGEABLE DEBTS

FAIR CREDIT REPORTING ACT (FCRA)

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