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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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Ian L. Crimmins

Estate Planning, Family Law, Criminal, Collection

Status: In Good Standing

FREE CONSULTATION

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18 Park Row, Chatham, NY 12037

Michael J. O'Connor

Real Estate, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing Licensed: 47 Years

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20 Corporate Woods Blvd, Albany, NY 12211

Shannon D. Frazier

Consumer Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 24 Years

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20 Corporate Woods Blvd, Albany, NY 12211

Danielle N. Meyers

Business, Bankruptcy & Debt, Medical Malpractice

Status: In Good Standing

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20 Corporate Woods Blvd, Albany, NY 12211

Annie Hyun Jeong

General Practice

Status: In Good Standing Licensed: 21 Years

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350 Northern Blvd, Albany, NY 12204

Peter A Pastore

Litigation, Bankruptcy & Debt

Status: In Good Standing

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677 Broadway, Albany, NY 12207

Pilar Andrea Cano

Mediation, Lawsuit & Dispute, Collection, Bankruptcy & Debt

Status: In Good Standing

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36 S Pearl St, Albany, NY 12207

Meghan Mary Breen

Bankruptcy & Debt, Real Estate

Status: In Good Standing

CONTACT

50 Beaver St, Albany, NY 12207

Steve Kieselstein

Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

125 Wolf Rd, Albany, NY 12205

Paul J. Hyams

Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

90 State St, Albany, NY 12207

800-923-0641

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

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.

TRADE NAME

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

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.

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.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

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.

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.

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New Baltimore Bankruptcy & Debt Lawyer, New York

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The Michelson Law Office

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Ian L. Crimmins

Michael J. O'Connor

Shannon D. Frazier

Danielle N. Meyers

Annie Hyun Jeong

Peter A Pastore

Pilar Andrea Cano

Meghan Mary Breen

Steve Kieselstein

Paul J. Hyams

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LEGAL TERMS

FDCPA

C CORPORATION

TRADE NAME

CREDIT INSURANCE

LIMITED PARTNERSHIP

FAIR CREDIT REPORTING ACT (FCRA)

CHAPTER 13 BANKRUPTCY

TOXIC TORT

CHAPTER 7 BANKRUPTCY

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