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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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Marc S. Ehrlich

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

64 2nd Street, Troy, NY 12180

Craig H. Norman

Collection

Status: In Good Standing

CONTACT

122 Remsen Street, Cohoes, NY 12047

Marina I. Glavin

Real Estate, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

69 2Nd St, Waterford, NY 12188

Mark William Thomas

Litigation, Workers' Compensation, Collection, Personal Injury

Status: In Good Standing

CONTACT

387 3Rd Ave, Troy, NY 12182

Elliott F Marinstein

Construction, Business Organization, Banking & Finance, Collection

Status: In Good Standing Licensed: 70 Years

CONTACT

22 1St St, Troy, NY 12180

Edward R. Marinstein

Real Estate, Bankruptcy & Debt

Status: In Good Standing

CONTACT

22 1St St, Troy, NY 12180

Elliott Fred Marinstein

Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

22 1St St, Troy, NY 12180

Gerald H. Katzman

Bankruptcy

Status: In Good Standing Licensed: 50 Years

CONTACT

71 Pinewoods Ave, Troy, NY 12180

Marc S. Ehrlich

Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

64 2Nd St, Troy, NY 12180

Matthew Patrick Foley

Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

Troy, NY 12181

800-923-0641

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800-943-8690

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LEGAL TERMS

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

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Melrose Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Marc S. Ehrlich

Craig H. Norman

Marina I. Glavin

Mark William Thomas

Elliott F Marinstein

Edward R. Marinstein

Elliott Fred Marinstein

Gerald H. Katzman

Marc S. Ehrlich

Matthew Patrick Foley

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

FAIR CREDIT BILLING ACT (FCBA)

HOUSEHOLDER

LIMITED PARTNERSHIP

REDEMPTION

CREDIT INSURANCE

CHAPTER 13 BANKRUPTCY

GUARANTOR

CYBERSQUATTING

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