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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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Derek Akiwumi

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Accident & Injury, Criminal, Divorce & Family Law, Estate, Bankruptcy & Debt

Derek Akiwumi, representing clients throughout WNY, has a proven reputation for getting the results you need. From criminal defense, appeals, and pers... (more)

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800-711-9031

300 International Dr, Buffalo, NY 14221

Richard H. Cole

Alimony & Spousal Support, Bankruptcy, Criminal, Divorce

Status: In Good Standing

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37 Franklin St., Buffalo, NY 14202

Jeffrey K. Moncher

Real Estate, Workers' Compensation, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing

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37 Franklin St., Buffalo, NY 14202

James M. Maloy

Bankruptcy, Corporate, Personal Injury, Real Estate

Status: In Good Standing

FREE CONSULTATION

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424 Main Street, Buffalo, NY 14202

Patrick Noe

Business Organization, Family Law, Eminent Domain, Collection

Status: In Good Standing

FREE CONSULTATION

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1301 North Forest Road, Buffalo, NY 14221

Bruce S. Scolton

Alimony & Spousal Support, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing

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414 E. Fairmount Avenue, Lakewood, NY 14750

John Albert Cappellini

White Collar Crime, Estate Planning, Bankruptcy, Contract, Natural Resources

Status: In Good Standing Licensed: 27 Years

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1 East Main St., Cuba, NY 14727

Matthew Alan Parham

Litigation, State Appellate Practice, Native People, Consumer Bankruptcy

Status: In Good Standing

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37 Franklin St, Buffalo, NY 14202

Thomas F. Hewner

Estate Administration, Estate Planning, Corporate, Bankruptcy

Status: In Good Standing Licensed: 45 Years

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37 Franklin St, Buffalo, NY 14202

Richard John Biryla

Real Estate, Lawsuit & Dispute, Estate, Collection

Status: In Good Standing Licensed: 46 Years

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14 Lafayette Square, Buffalo, NY 14203

800-923-0641

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LEGAL TERMS

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

FCBA

See Fair Credit Billing Act.

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.

CCCS

See Consumer Credit Counseling Service.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

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.

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.

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West Valley Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Derek Akiwumi

Richard H. Cole

Jeffrey K. Moncher

James M. Maloy

Patrick Noe

Bruce S. Scolton

John Albert Cappellini

Matthew Alan Parham

Thomas F. Hewner

Richard John Biryla

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LEGAL TERMS

CREDIT COUNSELING

FCBA

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

CCCS

WINDING UP

BULK SALES LAW

CHAPTER 13 PLAN

GUARANTOR

NONEXEMPT PROPERTY

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