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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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Derek Akiwumi

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Accident & Injury, Criminal, Divorce & Family Law, Estate, Bankruptcy & Debt

Derek Akiwumi, representing clients throughout WNY, has a proven reputation for getting the results you need. From criminal defense, appeals, and pers... (more)

CONTACT

800-711-9031

300 International Dr, Buffalo, NY 14221

David T Stephenson

Intellectual Property, Industry Specialties, Collection, Products Liability

Status: In Good Standing Licensed: 20 Years

CONTACT

1150 Maple Rd, Elma, NY 14059

Joseph John Terranova

Consumer Protection, Civil Rights, Collection, Household Mold

Status: In Good Standing Licensed: 45 Years

CONTACT

2901 Bowen Rd, Elma, NY 14059

Brandon Michael Wrazen

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

128 Church St, East Aurora, NY 14052

Thomas A. Steffan

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

13132 Main St, Alden, NY 14004

James Carlton Thoman

Sports, Banking & Finance, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

140 Pearl St, Buffalo, NY 14224

James Michael Joyce

General Practice

Status: In Good Standing Licensed: 38 Years

CONTACT

4733 Transit Rd, Depew, NY 14043

Steven William Wells

Other, Litigation, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

229 Warner Rd, Lancaster, NY 14086

Jennifer Zalenski Blackhall

Government, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

138 Barbados Dr, Buffalo, NY 14227

Anthony Charles Parlato

Employment, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 35 Years

CONTACT

400 Seven Day Rd, Darien Center, NY 14040

800-923-0641

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LEGAL TERMS

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.

CREDITOR

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

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

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.

FCBA

See Fair Credit Billing Act.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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Marilla Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Derek Akiwumi

David T Stephenson

Joseph John Terranova

Brandon Michael Wrazen

Thomas A. Steffan

James Carlton Thoman

James Michael Joyce

Steven William Wells

Jennifer Zalenski Blackhall

Anthony Charles Parlato

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LEGAL TERMS

SECRET WARRANTY PROGRAM

CREDITOR

REDEMPTION

FRAUDULENT TRANSFER

PRIORITY DEBT

CHAPTER 13 PLAN

MEETING OF CREDITORS

FCBA

GUARANTEED RESERVATION

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