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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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Paul Nicholas Weber

Industry Specialties, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

Cornwall, NY 12518

Robert Lawless

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

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Bldg 606, West Point, NY 10996

Sarah Ann Filcher

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

1 Park Pl, Peekskill, NY 10566

Tanya Patrice Dwyer

Commercial Real Estate, Litigation, Bankruptcy

Status: In Good Standing

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1 Park Pl, Peekskill, NY 10566

Paul D. Feinstein

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

Status: In Good Standing Licensed: 57 Years

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4 Oak Ct, Stony Point, NY 10980

Victoria Reilly Lehning

Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

1210 Frost Ln, Peekskill, NY 10566

Mark T. Starkman

Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

14 Rudy Rd, Newburgh, NY 12553

Frank J. Laperch

Bankruptcy & Debt

Status: In Good Standing

CONTACT

148 S Liberty Dr, Stony Point, NY 10980

Jacqueline Mcbride Gaillard

Education, Traffic, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

37 Duncan Ave, Cornwall On Hudson, NY 12520

Victoria Lynn Anderson

Federal Appellate Practice, Family Law, Divorce & Family Law, Civil Rights, Credit & Debt

Status: In Good Standing Licensed: 29 Years

CONTACT

1 Mediacom Way, Chester, NY 10918

800-923-0641

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LEGAL TERMS

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

FDCPA

See Fair Debt Collections & Practices Act.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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Highland Falls Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Paul Nicholas Weber

Robert Lawless

Sarah Ann Filcher

Tanya Patrice Dwyer

Paul D. Feinstein

Victoria Reilly Lehning

Mark T. Starkman

Frank J. Laperch

Jacqueline Mcbride Gaillard

Victoria Lynn Anderson

TIPS

LEGAL TERMS

REAFFIRMATION

MEANS TEST

NO-FAULT INSURANCE

TRADE DRESS

401(K) PLAN

FDCPA

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

CREDIT COUNSELING

BULK SALES LAW

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