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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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John Weber

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Bankruptcy & Debt, Real Estate, Estate, Credit & Debt, Collection

With the singular focus of individual Bankruptcy Law, we bring a collective effort to delivering personalized and effective representation to each of ... (more)

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CONTACT

800-910-2530

PO box 866, Amityville, NY 11701

Robert J Cristiano

Civil & Human Rights, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

124 Front St, Massapequa Park, NY 11762

James D. Murtha

Landlord-Tenant, Credit & Debt, Copyright

Status: In Good Standing

CONTACT

4940 Merrick Rd, Massapequa Park, NY 11762

Catherine Nicole Jones-Hankins

Real Estate, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

4940 Merrick Rd, Massapequa Park, NY 11762

Julio Ceasar Galarza

Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

5020 Sunrise Hwy, Massapequa Park, NY 11762

Dennis J. Mcgrath

Foreclosure, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing Licensed: 8 Years

CONTACT

567 Broadway, Massapequa, NY 11758

Robert James Shanahan

Landlord-Tenant, Real Estate, Wills & Probate, Estate, Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

686 Broadway, Massapequa, NY 11758

Amanda Rose Lamberson

Internet, Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 11 Years

CONTACT

5201 Merrick Rd, Massapequa, NY 11758

Richard N. Abrahams

Landlord-Tenant, Trusts, Employment, Collection

Status: In Good Standing Licensed: 60 Years

CONTACT

166 Southgate Cir, Massapequa Park, NY 11762

Michael M Iannuzzi

Credit & Debt

Status: In Good Standing

CONTACT

23 Westminster St, Massapequa, NY 11758

800-923-0641

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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Massapequa Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Weber

Robert J Cristiano

James D. Murtha

Catherine Nicole Jones-Hankins

Julio Ceasar Galarza

Dennis J. Mcgrath

Robert James Shanahan

Amanda Rose Lamberson

Richard N. Abrahams

Michael M Iannuzzi

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LEGAL TERMS

AUTOMATIC STAY

BANKRUPTCY TRUSTEE

TOXIC TORT

CHAPTER 7 BANKRUPTCY

SETOFF

TRADE NAME

MEETING OF CREDITORS

FAIR CREDIT BILLING ACT (FCBA)

C CORPORATION

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