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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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Elliot Scott Schlissel

✓ VERIFIED

Divorce & Family Law, Criminal, Real Estate, Wills & Probate, Bankruptcy & Debt

I am available to help my clients 7 days a week.

The Law Offices of Schlissel DeCorpo is composed of attorneys and paralegals who are caring, dedicated professionals contributing experience and exper... (more)

FREE CONSULTATION

CONTACT

800-718-3171

479 Merrick Rd, Lynbrook, NY 11563

Asher Brian White

✓ VERIFIED

Divorce & Family Law, Criminal, Bankruptcy & Debt

Asher White is a practicing lawyer in the state of New York.

FREE CONSULTATION

CONTACT

800-886-0360

26 Court St, Brooklyn, NY 11242

Gregory M. Messer

✓ VERIFIED

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Providing debt relief for individual and business clients in the New York City area for more than three decades Gregory Messer, a principal in The ... (more)

FREE CONSULTATION

CONTACT

800-887-8940

26 Court Street, Brooklyn, NY 11242

Kent Gross

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

Kent Gross is a practicing lawyer in the state of New York. Mr. Gross received his J.D. from the University of California Los Angeles School of Law.

FREE CONSULTATION

CONTACT

646-506-8662

300 Cadman Plaza West, Brooklyn, NY 11201

Jose A. Camacho

✓ VERIFIED

Criminal, Divorce & Family Law, Civil & Human Rights, Real Estate, Bankruptcy & Debt

Also Admitted to the United States District Court -New York Southern District

The Law Firm of Camacho & Associates, P.C. is a General Law Practice with over 25 years concentrating on State and Federal Criminal Defense in the tre... (more)

FREE CONSULTATION

CONTACT

917-405-4545

147 Front St, Brooklyn, NY 11201

Daniel Schlanger

✓ VERIFIED

Bankruptcy & Debt, Collection, Credit & Debt, Employee Rights

Daniel Schlanger is a partner at Kakalec & Schlanger, LLP, where he heads the firm's consumer practice. His practice focuses on representing victims o... (more)

CONTACT

212-500-6114

80 Broad Street, New York, NY 10004

David Blum

✓ VERIFIED

Immigration, Criminal, Divorce & Family Law, Accident & Injury, Bankruptcy & Debt

I graduated summa cum laude from the University of Miami where I clerked for the Hon. Edward Moore of the 11th Circuit Court and interned with the U... (more)

CONTACT

800-995-3530

30 Vesey Street, New York, NY 10007

Peter Goldberger

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

1400 Avenue Z, Brooklyn, NY 11235

William Z. Schneider

Bankruptcy, Class Action, Consumer Protection

Status: In Good Standing

FREE CONSULTATION

CONTACT

1400 Avenue Z, Brooklyn, NY 11235

Andrew Borsen

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

1400 Avenue Z, Brooklyn, NY 11235

800-923-0641

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800-943-8690

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LEGAL TERMS

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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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Rockaway Park Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Elliot Scott Schlissel

Asher Brian White

Gregory M. Messer

Kent Gross

Jose A. Camacho

Daniel Schlanger

David Blum

Peter Goldberger

William Z. Schneider

Andrew Borsen

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LEGAL TERMS

SUBROGATION

WINDING UP

ADMINISTRATIVE EXPENSES

REDEMPTION

DOING BUSINESS AS (DBA)

DEBT COLLECTOR

LIABILITY

FRAUDULENT TRANSFER

SOLE PROPRIETORSHIP

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