Hanover Park Bankruptcy & Debt Lawyer, Illinois

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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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Kurt Hurtgen

Farms, Family Law, Divorce, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

7225 Longmeadow Lane, Hanover Park, IL 60133

Gregory James Martucci

DUI-DWI, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

40 S Prospect St, Roselle, IL 60172

Kurt Hurtgen

Real Estate, Divorce & Family Law, Corporate, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

7225 Longmeadow Lane, Hanover Park, IL 60133

Richard Frederick Doerr

Traffic, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

4206 Prestwick Ct, Saint Charles, IL 60174

Richard Doerr

Traffic, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

134 North Bloomingdale Road, Bloomingdale, IL 60108

Mark Eugene Gryska

Landlord-Tenant, Workers' Compensation, Collection, Personal Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

1 Tiffany Pt, Bloomingdale, IL 60108

Michael T. Nigro

Commercial Real Estate, Transactions, Business, Collection

Status: In Good Standing

CONTACT

1 Tiffany Pointe, Bloomingdale, IL 60108

Mark Gryska

Landlord-Tenant, Workers' Compensation, Collection, Personal Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

1 Tiffany Pt, Bloomingdale, IL 60108

John Zinke

Bankruptcy, Collection, Transactions, Land Use & Zoning

Status: In Good Standing Licensed: 34 Years

CONTACT

Carol Stream, IL 60188

Joseph P. Doyle

Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 22 Years

CONTACT

105 S Roselle Rd, Schaumburg, IL 60193

800-923-0641

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800-943-8690

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LEGAL TERMS

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

FDCPA

See Fair Debt Collections & Practices Act.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

LIQUIDATING PARTNER

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

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.

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Hanover Park Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kurt Hurtgen

Gregory James Martucci

Kurt Hurtgen

Richard Frederick Doerr

Richard Doerr

Mark Eugene Gryska

Michael T. Nigro

Mark Gryska

John Zinke

Joseph P. Doyle

TIPS

LEGAL TERMS

NUISANCE FEES

IRS EXPENSES

CHAPTER 13 BANKRUPTCY

FDCPA

GRACE PERIOD

ABUSE

LIQUIDATING PARTNER

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

WORKOUT

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