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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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Andrew J. Luskin

Dispute Resolution, Franchising, Business Organization, Collection

Status: In Good Standing

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1010 Northern Blvd., Great Neck, NY 11021

Aaron D. Jones

Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

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97 Powerhouse Rd, Greenvale, NY 11577

Adam Gross

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

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900 Merchants Concourse, Old Westbury, NY 11590

Afsheen Shah

Real Estate, Health Care Other, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

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111 Great Neck Rd, Great Neck, NY 11021

Amanda M. Baron-Frank

Bankruptcy & Debt, Real Estate, Accident & Injury, Criminal, Litigation

Status: In Good Standing

FREE CONSULTATION

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333 Glen Head Rd, Old Brookville, NY 11545

Andrew Martin Thaler

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

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675 Old Country Rd, Old Westbury, NY 11590

Andrew Anthony Kress

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

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41 Summit Rd, Port Washington, NY 11050

Cary Martin Hirshon

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

Status: In Good Standing Licensed: 32 Years

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6 Garden St, Great Neck, NY 11021

Cesar Zuniga

Estate Planning, Personal Injury, Bankruptcy & Debt, Commercial Real Estate, Mass Torts

Status: In Good Standing Licensed: 21 Years

FREE CONSULTATION

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40 Cuttermill Road, Great Neck, NY 11021

Charles Arthur Singer

Tax, Immigration, Estate, Corporate, Bankruptcy

Status: In Good Standing Licensed: 50 Years

CONTACT

11 Middle Neck Rd, Great Neck, NY 11021

800-923-0641

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LEGAL TERMS

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

FDCPA

See Fair Debt Collections & Practices Act.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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Sea Cliff Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew J. Luskin

Aaron D. Jones

Adam Gross

Afsheen Shah

Amanda M. Baron-Frank

Andrew Martin Thaler

Andrew Anthony Kress

Cary Martin Hirshon

Cesar Zuniga

Charles Arthur Singer

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LEGAL TERMS

MEETING OF CREDITORS

FDCPA

COLLECTION AGENCY

NONDISCHARGEABLE DEBTS

IRS EXPENSES

DISCHARGEABLE DEBTS

BANKRUPTCY TRUSTEE

UNSECURED DEBT

CHAPTER 7 BANKRUPTCY

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