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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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Vincent Orsland Ladd

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

Status: Inactive Licensed: 58 Years

CONTACT

Warsaw, NY 14569

James Matthew Wujcik

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 19 Years

CONTACT

11 Exchange St, Attica, NY 14011

Teresa Kowalczyk

Other, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

30 Park St, Warsaw, NY 14569

Anthony Charles Parlato

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

Status: In Good Standing Licensed: 35 Years

CONTACT

400 Seven Day Rd, Darien Center, NY 14040

John Kirby Colling

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

Status: In Good Standing Licensed: 40 Years

CONTACT

Arcade, NY 14009

Thomas A. Steffan

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

13132 Main St, Alden, NY 14004

Brandon Michael Wrazen

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

128 Church St, East Aurora, NY 14052

David T Stephenson

Intellectual Property, Industry Specialties, Collection, Products Liability

Status: In Good Standing Licensed: 20 Years

CONTACT

1150 Maple Rd, Elma, NY 14059

Joseph John Terranova

Consumer Protection, Civil Rights, Collection, Household Mold

Status: In Good Standing Licensed: 45 Years

CONTACT

2901 Bowen Rd, Elma, NY 14059

Raymond Mark Pfeiffer

Landlord-Tenant, Land Use & Zoning, Bankruptcy & Debt, Accident & Injury, Estate

Status: In Good Standing Licensed: 36 Years

CONTACT

22 Smith Ave, Delevan, NY 14042

800-923-0641

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LEGAL TERMS

CREDITOR

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

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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Varysburg Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Vincent Orsland Ladd

James Matthew Wujcik

Teresa Kowalczyk

Anthony Charles Parlato

John Kirby Colling

Thomas A. Steffan

Brandon Michael Wrazen

David T Stephenson

Joseph John Terranova

Raymond Mark Pfeiffer

TIPS

LEGAL TERMS

CREDITOR

TRUTH IN LENDING ACT (TILA)

REDEMPTION

INFRINGEMENT (OF TRADEMARK)

ABUSE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

LIMITED LIABILITY

SECRET WARRANTY PROGRAM

UNDUE HARDSHIP

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