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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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Dominick Rendina

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

Status: In Good Standing Licensed: 21 Years

CONTACT

42 Rolling Hills Road, Thornwood, NY 10594

Robert Wayne Wolper

Tax Litigation, Real Estate Other, Employee Rights, Business Organization, Collection

Status: In Good Standing Licensed: 41 Years

CONTACT

400 Columbus Ave, Valhalla, NY 10595

John Francis Mccarrick

Lawsuit & Dispute, Insurance, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

427 Bedford Rd, Pleasantville, NY 10570

Debra Palazzo

Landlord-Tenant, Trusts, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

317 Elwood Ave, Hawthorne, NY 10532

Robert Aaron Benjamin

Insurance, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

200 Summit Lake Dr, Valhalla, NY 10595

Lawrence Mark Gottlieb

Real Estate, Lawsuit & Dispute, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

500 Summit Lake Dr, Valhalla, NY 10595

Christopher D. Acosta

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 8 Years

CONTACT

7 Skyline Dr, Hawthorne, NY 10532

William J. Brown

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 55 Years

CONTACT

6 Leddy Ln, Pleasantville, NY 10570

Leonard Sidney Baum

Lawsuit & Dispute, Intellectual Property, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing

CONTACT

41 Neustadt Ln, Chappaqua, NY 10514

David J. Whelan

Other, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 64 Years

CONTACT

17 Stillman Ln, Pleasantville, NY 10570

800-923-0641

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LEGAL TERMS

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CCCS

See Consumer Credit Counseling Service.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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Thornwood Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Dominick Rendina

Robert Wayne Wolper

John Francis Mccarrick

Debra Palazzo

Robert Aaron Benjamin

Lawrence Mark Gottlieb

Christopher D. Acosta

William J. Brown

Leonard Sidney Baum

David J. Whelan

TIPS

LEGAL TERMS

DISCHARGEABLE DEBTS

NO-FAULT INSURANCE

BANKRUPTCY TRUSTEE

CHAPTER 7 BANKRUPTCY

FAIR CREDIT BILLING ACT (FCBA)

NONEXEMPT PROPERTY

UNDUE HARDSHIP

CCCS

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

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