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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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George D. Patte

Corporate, Contract, Business Organization, Bankruptcy

Status: In Good Standing

CONTACT

121 East Buffalo Street, Ithaca, NY 14850

Richard P. Ruswick

Bankruptcy, Corporate, Business Organization, Construction

Status: In Good Standing

CONTACT

401 E. State St., Ithaca, NY 14850

Charles Edward Andersen

Intellectual Property, Science, Technology & Internet, Corporate, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

100 N Main St, Elmira, NY 14901

Christopher Denton

Industry Specialties, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

311 Lake St, Elmira, NY 14901

Nancy Marie Eraca

Divorce, Child Custody, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

150 Lake St, Elmira, NY 14901

Steven William Barnstead

Industry Specialties, Estate Planning, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

420 Carroll St, Elmira, NY 14901

Lawrence Leclair

Lawsuit & Dispute, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 44 Years

CONTACT

One W Church Street, Elmira, NY 14901

Andrew Edward Stage

Bankruptcy

Status: In Good Standing Licensed: 16 Years

CONTACT

450 West Second Street, Elmira, NY 14901

Mark Alan Weiermiller

Wills & Probate, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

2854 Westinghouse Rd, Horseheads, NY 14845

Susan Moore Daubner

Child Custody, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

2854 Westinghouse Rd, Horseheads, NY 14845

800-923-0641

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LEGAL TERMS

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.

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.

CREDIT FILE

See credit report.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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Lockwood Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George D. Patte

Richard P. Ruswick

Charles Edward Andersen

Christopher Denton

Nancy Marie Eraca

Steven William Barnstead

Lawrence Leclair

Andrew Edward Stage

Mark Alan Weiermiller

Susan Moore Daubner

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CREDIT FILE

WINDING UP

SUBROGATION

TRUTH IN LENDING ACT (TILA)

TOXIC TORT

CHAPTER 13 PLAN

FRATERNAL BENEFIT SOCIETY BENEFITS

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