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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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George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce

Status: In Good Standing

CONTACT

243 Wall Street, Kingston, NY 12401

Paul Stephen Johnson

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

59 South Center Street, Millerton, NY 12546

Ariadne Santiago Montare

Real Estate, Litigation, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

Rhinebeck, NY 12572

Bethany Ann Ralph

Divorce & Family Law, Bankruptcy, Estate, Motor Vehicle

Status: In Good Standing Licensed: 48 Years

CONTACT

3294 East Main Street, Amenia, NY 12501

Kevin B. Thiemann

Foreclosure, Real Estate, Government, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1 Hudson City Ctr, Hudson, NY 12534

John Metzner Leonardson

Real Estate, Government, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 47 Years

CONTACT

Hudson, NY 12534

Richard B. Levin

Commercial Real Estate, Lawsuit & Dispute, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 49 Years

CONTACT

143 Browning Rd, Hyde Park, NY 12538

Bernhardt Karp

International, Estate, Collection

Status: In Good Standing Licensed: 61 Years

CONTACT

1 Hudson City Ctr, Hudson, NY 12534

Elizabeth K. Shequine

Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 50 Years

CONTACT

Millbrook, NY 12545

Jonathan D. Katz

Child Support, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 42 Years

CONTACT

318 Main St, Saugerties, NY 12477

800-923-0641

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LEGAL TERMS

LIQUIDATING PARTNER

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

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

CCCS

See Consumer Credit Counseling Service.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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Pine Plains Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George W. Redder

Paul Stephen Johnson

Ariadne Santiago Montare

Bethany Ann Ralph

Kevin B. Thiemann

John Metzner Leonardson

Richard B. Levin

Bernhardt Karp

Elizabeth K. Shequine

Jonathan D. Katz

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LEGAL TERMS

LIQUIDATING PARTNER

FAIR CREDIT BILLING ACT (FCBA)

FORBEARANCE

401(K) PLAN

CREDIT REPORT

CCCS

INFRINGEMENT (OF TRADEMARK)

S CORPORATION

PRIORITY DEBT

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