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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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Michael Joseph Keane

Litigation, Biotechnology, Federal Appellate Practice, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Stephan B. Gleich

Litigation, Corporate, Contract, Bankruptcy & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

36 South Station Plaza, Great Neck, NY 11021

Ira S. Newman

Sexual Harassment, Elder Law, Banking & Finance, Credit & Debt

Status: In Good Standing

CONTACT

20 Devon Rd, Great Neck, NY 11023

Raymond David Radow

Commercial Real Estate, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

1010 Northern Blvd, Great Neck, NY 11021

Adam Todd Berkowitz

Commercial Real Estate, Lawsuit & Dispute, Business Organization, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Burton Saul Weston

Commercial Real Estate, Business Organization, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

John Peter Kraljic

Health Care Other, Health Care, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Raymond Radow

Commercial Real Estate, Litigation, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

1010 Northern Blvd, Great Neck, NY 11021

Sean Michael Walsh

Employee Rights, Native People, Contract, Collection

Status: In Good Standing Licensed: 51 Years

CONTACT

25010 Northern Blvd, Little Neck, NY 11362

Peter A. Saad

Criminal, Accident & Injury, Collection, Litigation, Landlord-Tenant

Status: In Good Standing Licensed: 22 Years

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CONTACT

114 Old Country Rd, Mineola, NY 11501

800-923-0641

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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.

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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

FCBA

See Fair Credit Billing Act.

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.

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Great Neck Plaza Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Joseph Keane

Stephan B. Gleich

Ira S. Newman

Raymond David Radow

Adam Todd Berkowitz

Burton Saul Weston

John Peter Kraljic

Raymond Radow

Sean Michael Walsh

Peter A. Saad

TIPS

LEGAL TERMS

MEETING OF CREDITORS

TRUTH IN LENDING ACT (TILA)

DISPOSABLE INCOME

SECRET WARRANTY PROGRAM

GARNISHMENT

FAIR CREDIT REPORTING ACT (FCRA)

CREDITOR

FCBA

FRAUDULENT TRANSFER

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