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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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Jayson Lutzky

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Accident & Injury, Bankruptcy, Divorce & Family Law, Estate, Real Estate

Jayson Lutzky has 30 years of proven legal experience, both as a trial litigator and as a tough negotiator. His reasonably priced legal representation... (more)

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800-781-4910

1740 Hone Avenue, Bronx, NY 10461

Benjamin Rosenberg

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

Status: In Good Standing Licensed: 34 Years

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1425 E. Gun Hill Road, Bronx, NY 10469

David Brodman

Reorganization, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

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633 Lydig Avenue, Bronx, NY 10462

Donald H. London

Immigration, Bankruptcy & Debt, Visa

Status: In Good Standing Licensed: 42 Years

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984 North Broadway, Yonkers, NY 10701

Erina R. Ponzini

Wills & Probate, Estate, Business, Bankruptcy

Status: In Good Standing

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140 Huguenot Street, New Rochelle, NY 10801

Peter T. Nguyen

Real Estate, Divorce, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 26 Years

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1809 Paulding Ave, Bronx, NY 10462

Raafat Samir Toss

Civil Rights, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 28 Years

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1250 Waters Pl, Bronx, NY 10461

Lauren Gottfried

Litigation, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

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2005 Palmer Ave, Larchmont, NY 10538

Richard Joel Rubin

Real Estate, Corporate, Commercial Bankruptcy, Bankruptcy & Debt

Status: Inactive Licensed: 66 Years

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550 Mamaroneck Ave, Harrison, NY 10528

Bruce Bronson

Sales & Use Tax, Litigation, Business, Bankruptcy

Status: In Good Standing

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600 Mamaroneck Avenue, Harrison, NY 10528

800-923-0641

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LEGAL TERMS

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

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Mount Vernon Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jayson Lutzky

Benjamin Rosenberg

David Brodman

Donald H. London

Erina R. Ponzini

Peter T. Nguyen

Raafat Samir Toss

Lauren Gottfried

Richard Joel Rubin

Bruce Bronson

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LEGAL TERMS

MEANS TEST

INFRINGEMENT (OF TRADEMARK)

SOLE PROPRIETORSHIP

IRS EXPENSES

CHAPTER 7 BANKRUPTCY

FDCPA

AUTOMATIC STAY

GARNISHMENT

CHAPTER 13 PLAN

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