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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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Joseph A. Episcopio

Bankruptcy & Debt, Accident & Injury

Status: Licensed: 21 Years

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193 Jeffersonville North Branch Rd, Jeffersonville, NY 12748

Keith D. Dayton

Military & Veterans Appeals, Motor Vehicle, Criminal, Bankruptcy & Debt

Status: Licensed: 32 Years

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20 Groton Avenue, Cortland, NY 13045

Lauren S. Cohen

Family Law, Child Support, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 43 Years

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830 Oakdale Road, Johnson City, NY 13790

Mark David Spinner

Telecommunications, Credit & Debt, Collection, Bankruptcy

Status: Licensed: 26 Years

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Binghamton, NY 13902

Michael Alan Brush

Family Law, Divorce & Family Law, Criminal, Collection

Status: Licensed: 57 Years

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14 Reynolds Ave, Oneonta, NY 13820

Michael Salvatore Fauci

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

Status: Licensed: 31 Years

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6 Washington Ave, Endicott, NY 13760

Peter A. Orville

Constitutional Law, Banking & Finance, Credit & Debt, Bankruptcy, Motor Vehicle

Status: Licensed: 44 Years

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30 Riverside Dr, Binghamton, NY 13905

Raja N. Sekharan

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

Status:

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60 Central Ave, Cortland, NY 13045

Robert Willis Birch

Real Estate, Business, Bankruptcy & Debt

Status:

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Cooperstown, NY 13326

Rosemarie Anne Richards

Family Law, Divorce, Child Custody, Bankruptcy

Status: Licensed: 24 Years

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26 Conkey Avenue, Norwich, NY 13815

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LEGAL TERMS

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.

COLLATERAL

Property that guarantees payment of a secured debt.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

FCRA

See Fair Credit Reporting Act.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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Afton Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joseph A. Episcopio

Keith D. Dayton

Lauren S. Cohen

Mark David Spinner

Michael Alan Brush

Michael Salvatore Fauci

Peter A. Orville

Raja N. Sekharan

Robert Willis Birch

Rosemarie Anne Richards

TIPS

LEGAL TERMS

UNDUE HARDSHIP

COLLATERAL

CYBERSQUATTING

GRACE PERIOD

TRUTH IN LENDING ACT (TILA)

FCRA

CURRENT MONTHLY INCOME

FORBEARANCE

GENERAL PARTNER

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