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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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Rosemarie E. Matera

Litigation, Corporate, Business Organization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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664 Chestnut Ridge Road, Spring Valley, NY 10977

Wayne Anthony Gavioli

Industry Specialties, Family Law, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

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101 N Middletown Rd, Nanuet, NY 10954

Marie Condoluci

Real Estate, Lawsuit, Patent, Bankruptcy, Wrongful Death

Status: In Good Standing Licensed: 26 Years

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27 Carmen Dr, Nanuet, NY 10954

Haskell Rosenfeld

Litigation, Industry Specialties, Credit & Debt, Bankruptcy & Debt

Status: In Good Standing

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2 Perlman Dr, Spring Valley, NY 10977

Mitchell Jeffrey Canter

Child Custody, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

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100 Airport Executive Park, Nanuet, NY 10954

Joshua N. Bleichman

Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

117 S Main St, Spring Valley, NY 10977

Hyung Joon Stanley Lim

Banking & Finance, Credit & Debt, Workout, Lending

Status: In Good Standing

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1 Crosfield Ave, West Nyack, NY 10994

Benjamin Edward Selig

DUI-DWI, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 58 Years

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35 Wolfe Cir, West Nyack, NY 10994

Joseph Isaac Terkell

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

19 Bender Rd, New City, NY 10956

Jeffrey Levitin

Other, Lawsuit & Dispute, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

777 Chestnut Ridge Rd, Spring Valley, NY 10977

800-923-0641

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LEGAL TERMS

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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).

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

DISCHARGE (OF DEBTS)

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

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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Nanuet Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Rosemarie E. Matera

Wayne Anthony Gavioli

Marie Condoluci

Haskell Rosenfeld

Mitchell Jeffrey Canter

Joshua N. Bleichman

Hyung Joon Stanley Lim

Benjamin Edward Selig

Joseph Isaac Terkell

Jeffrey Levitin

TIPS

LEGAL TERMS

DISPOSABLE INCOME

C CORPORATION

COSIGNER

LIEN

DISCHARGEABLE DEBTS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

DISCHARGE (OF DEBTS)

REAFFIRMATION

NONEXEMPT PROPERTY

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