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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

Teresa Kowalczyk

Other, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

30 Park St, 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

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 Francis Turturo

Estate, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

5130 E Main Street Rd, Batavia, NY 14020

Frederick Matthew Rarick

Criminal, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

39 Ellicott St, Batavia, NY 14020

David Leigh Metzler

Traffic, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 53 Years

CONTACT

104 Bank St, Batavia, NY 14020

Theron Edwin Howard

Foreclosure, State Government, Estate Planning, Banking & Finance, Collection

Status: In Good Standing Licensed: 48 Years

CONTACT

15 Clay St, Le Roy, NY 14482

Thomas A. Steffan

Real Estate, Health Care, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

13132 Main St, Alden, NY 14004

800-923-0641

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

CREDITOR

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

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.

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.

CREDIT FILE

See credit report.

FCBA

See Fair Credit Billing Act.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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Warsaw Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Vincent Orsland Ladd

Teresa Kowalczyk

James Matthew Wujcik

Anthony Charles Parlato

John Kirby Colling

Thomas Francis Turturo

Frederick Matthew Rarick

David Leigh Metzler

Theron Edwin Howard

Thomas A. Steffan

TIPS

LEGAL TERMS

AUTOMATIC STAY

CREDITOR

REDEMPTION

FRAUDULENT TRANSFER

CREDIT FILE

FCBA

COSIGNER

401(K) PLAN

LIABILITY

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