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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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Debra Lobello Burhans

International, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

4961 Ford Rd, Elba, NY 14058

Charles Conrad Welch

Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

1722 Lake Rd, Hamlin, NY 14464

Lance J. Mark

Adoption, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

539B Main St, Medina, NY 14103

Ralph Herbert Boss

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 52 Years

CONTACT

2691 Dewey Ave, Rochester, NY 14616

Michelle C. Stachura

Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

225 Kenneth Dr, Rochester, NY 14623

Loretta S. Courtney

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: Suspended Licensed: 41 Years

CONTACT

201 Hall Of Justice, Rochester, NY 14614

Carmen Lewis Albert

Commercial Real Estate, Land Use & Zoning, Public Finance, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

47 Marblehead Drive, Rochester, NY 14620

Carmen Lewis Albert

Commercial Real Estate, Land Use & Zoning, Public Finance, Commercial Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

47 Marblehead Drive, Rochester, NY 14620

Anita Claire Miller

Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

1600 Crossroads Building, Rochester, NY 14614

Robert G. Mccarthy

Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

1600 Crossroads Bldg., Rochester, NY 14614

800-923-0641

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LEGAL TERMS

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

DISCHARGE (OF DEBTS)

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

CREDITOR

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

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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Morton Bankruptcy & Debt Lawyer, New York

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The Michelson Law Office

SPONSORED LAWYERS

Debra Lobello Burhans

Charles Conrad Welch

Lance J. Mark

Ralph Herbert Boss

Michelle C. Stachura

Loretta S. Courtney

Carmen Lewis Albert

Carmen Lewis Albert

Anita Claire Miller

Robert G. Mccarthy

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LEGAL TERMS

CREDIT COUNSELING

NONDISCHARGEABLE DEBTS

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

LIQUIDATING PARTNER

CREDIT BUREAU

DISCHARGE (OF DEBTS)

CREDITOR

LIEN

WORKOUT

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