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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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William A. Favreau

Landlord-Tenant, Traffic, Wills & Probate, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Jessica L Miller

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

1 Cumberland Ave, Plattsburgh, NY 12901

Jacqueline Marie Kelleher

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

1 Cumberland Ave, Plattsburgh, NY 12901

Robert Alan Kagan

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

Status: In Good Standing Licensed: 48 Years

CONTACT

Plattsburgh, NY 12901

Frank G. Zappala

Bankruptcy & Debt, Social Security, Insurance, Bankruptcy, Lawsuit & Dispute

Status: In Good Standing Licensed: 34 Years

CONTACT

142 Margaret St, Plattsburgh, NY 12901

Donald Willard Biggs

Landlord-Tenant, Divorce & Family Law, Collection, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

137 Margaret St, Plattsburgh, NY 12901

Mark Anderson

Traffic, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

50 Clinton Street, Plattsburgh, NY 12901

Carolyn R. Hoffmann

Real Estate, Family Law, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

100 Court Street, Plattsburgh, NY 12901

Lori Ann Cantwell

Lawsuit & Dispute, Civil & Human Rights, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

334 Cornelia St, Plattsburgh, NY 12901

Darrell L. Bowen

Government, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 42 Years

CONTACT

386 Rand Hill Rd, Morrisonville, NY 12962

800-923-0641

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LEGAL TERMS

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

CCCS

See Consumer Credit Counseling Service.

FDCPA

See Fair Debt Collections & Practices Act.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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Rouses Point Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William A. Favreau

Jessica L Miller

Jacqueline Marie Kelleher

Robert Alan Kagan

Frank G. Zappala

Donald Willard Biggs

Mark Anderson

Carolyn R. Hoffmann

Lori Ann Cantwell

Darrell L. Bowen

TIPS

LEGAL TERMS

GRACE PERIOD

ADMINISTRATIVE EXPENSES

COSIGNER

GUARANTOR

FORBEARANCE

CHAPTER 13 PLAN

CCCS

FDCPA

BANKRUPTCY

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