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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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Paul Nicholas Weber

Industry Specialties, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

Cornwall, NY 12518

Jacqueline Mcbride Gaillard

Education, Traffic, Employment, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

37 Duncan Ave, Cornwall On Hudson, NY 12520

Benjamin Mark Wilkinson

Employment, Civil Rights, Insurance, Bankruptcy & Debt

Status: In Good Standing

CONTACT

555 Hudson Valley Avenue, New Windsor, NY 12553

Mishael Minnie Pine

Landlord-Tenant, Foreclosure, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

3204 Route 9W, New Windsor, NY 12553

Mark T. Starkman

Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

14 Rudy Rd, Newburgh, NY 12553

Michael D. Pinsky

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

372 Fullerton Ave, Newburgh, NY 12550

Michael David Pinsky

Business, Bankruptcy & Debt, Litigation, Credit & Debt

Status: In Good Standing

CONTACT

372 Fullerton Ave, Newburgh, NY 12550

James William Shuttleworth

Government, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 36 Years

CONTACT

1279 Route 300, Newburgh, NY 12550

Michael Scott Feldman

Workers' Compensation, Child Custody, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 41 Years

CONTACT

1279 Route 300, Newburgh, NY 12551

Verna W. Cobb

Divorce & Family Law, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

724 Broadway, Newburgh, NY 12550

800-923-0641

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LEGAL TERMS

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

LIQUIDATING PARTNER

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

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New Windsor Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Paul Nicholas Weber

Jacqueline Mcbride Gaillard

Benjamin Mark Wilkinson

Mishael Minnie Pine

Mark T. Starkman

Michael D. Pinsky

Michael David Pinsky

James William Shuttleworth

Michael Scott Feldman

Verna W. Cobb

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LEGAL TERMS

CREDIT INSURANCE

401(K) PLAN

CHAPTER 7 BANKRUPTCY

INFRINGEMENT (OF TRADEMARK)

DISPOSABLE INCOME

LIABILITY

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

REPOSSESSION

LIQUIDATING PARTNER

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