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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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Linda Taverni

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

826 Atateka Dr, Chestertown, NY 12817

Anne J. White

Bankruptcy & Debt

Status: In Good Standing

CONTACT

48 Sugarbush Way, Schroon Lake, NY 12870

James William Hyde

Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

1459 State Route, Wells, NY 12190

Jennifer Mary Woodward

Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

Wells, NY 12190

Alex Colin Turnello

Workers' Compensation, Natural Resources, Construction, Personal Injury, Consumer Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

17 Heinrick St, Queensbury, NY 12804

David Edward Rudgers

Real Estate, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

15 Father Jogues Pl, Paradox, NY 12883

Edwin Michael Adeson

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

Status: In Good Standing Licensed: 30 Years

CONTACT

1 Lawrence St, Glens Falls, NY 12801

Michael J. O'Connor

Real Estate, Estate, Environmental Law, Bankruptcy

Status: In Good Standing

CONTACT

68 Warren St, Glens Falls, NY 12801

Mark Allen Lebowitz

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Glens Falls, NY 12801

Paula Nadeau Berube

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 33 Years

CONTACT

Glens Falls, NY 12801

800-923-0641

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LEGAL TERMS

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

Riparius Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Linda Taverni

Anne J. White

James William Hyde

Jennifer Mary Woodward

Alex Colin Turnello

David Edward Rudgers

Edwin Michael Adeson

Michael J. O'Connor

Mark Allen Lebowitz

Paula Nadeau Berube

TIPS

LEGAL TERMS

GUARANTEED RESERVATION

GENERAL PARTNER

CREDITOR

INTEREST

DISPOSABLE INCOME

AUTOMATIC STAY

NUISANCE FEES

CHAPTER 7 BANKRUPTCY

FCRA

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