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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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Mindy E. McDermott

Workers' Compensation, Criminal, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

602 State Street, Ogdensburg, NY 13669

Anthony Inserra

Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

531 Washington St, Watertown, NY 13601

Clarence Henry Gratto

Estate, Business, Bankruptcy & Debt

Status: Suspended Licensed: 35 Years

CONTACT

3953 State Highway 37, Ogdensburg, NY 13669

Daniel Stuart Pease

Real Estate, Immigration, Estate, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

40 Main St, Massena, NY 13662

David Baertus Geurtsen

Real Estate, Employment, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

407 Sherman St, Watertown, NY 13601

David P Antonucci

Criminal, Civil Rights, Bankruptcy, Animal Bite, Class Action

Status: In Good Standing Licensed: 36 Years

CONTACT

12 Public Sq, Watertown, NY 13601

Eric J Gustafson

Construction, Corporate, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

40 Main St, Massena, NY 13662

Erik Sobkiewicz

Bankruptcy & Debt

Status: Suspended Licensed: 35 Years

CONTACT

17 High Street, Carthage, NY 13619

Katherine Barry

Criminal, Collection, Family Law, Juvenile Law

Status: Inactive Licensed: 13 Years

CONTACT

11506A Overlook Pl, Watertown, NY 13603

Natasha Billow Hill

DUI-DWI, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

213 Main St, Massena, NY 13662

800-923-0641

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LEGAL TERMS

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).

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

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Pyrites Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mindy E. McDermott

Anthony Inserra

Clarence Henry Gratto

Daniel Stuart Pease

David Baertus Geurtsen

David P Antonucci

Eric J Gustafson

Erik Sobkiewicz

Katherine Barry

Natasha Billow Hill

TIPS

LEGAL TERMS

LIEN

BANKRUPTCY TRUSTEE

SECRET WARRANTY PROGRAM

DEFINED CONTRIBUTION PLAN

TRADE DRESS

PREFERENCE

GENERAL PARTNER

DEBT COLLECTOR

SOLE PROPRIETORSHIP

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