Algonquin Bankruptcy & Debt Lawyer, Illinois

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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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Colleen Thomas

Divorce & Family Law, Bankruptcy, Child Custody, Child Support, Adoption

Thomas Law Office is a family law practice that handles divorce and bankruptcy cases, as well as child custody, child support, adoptions and more. For... (more)

CONTACT

847-426-7990

30 N. Western Avenue, Carpentersville, IL 60110

Sarah J. Holbrook

Bankruptcy, Foreclosure

Status:

CONTACT

2413 W. Algonquin Rd., Algonquin, IL 60102

Timothy Joseph Somen

Litigation, Employee Rights, Civil Rights, Bankruptcy

Status: Licensed: 22 Years

CONTACT

1811 Hartley Dr, Barrington, IL 60102

Curtis Eric Edlund

Adoption, Corporate, Business Organization, Bankruptcy

Status: Licensed: 48 Years

CONTACT

2403 Harnish Dr, Barrington, IL 60102

Jason Mathew Bailey

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

Status: Licensed: 17 Years

CONTACT

214 S Main St, Algonquin, IL 60102

Thomas Vaclavek

Bankruptcy, Civil Rights, Employee Rights, Land Use & Zoning

Status: Licensed: 26 Years

CONTACT

1485 Commerce Drive, Algonquin, IL 60102

Sheila Diane Aiken

Consumer Bankruptcy, Bankruptcy

Status: Licensed: 19 Years

CONTACT

2413 W. Road, Algonquin, IL 60102

Michele Aiken

Bankruptcy, Employee Rights, Employee Rights

Status: Licensed: 18 Years

CONTACT

2413 W Algonquin Rd, Barrington, IL 60102

Sheila Aiken

Bankruptcy, Employment, Income Tax, Bankruptcy

Status: Licensed: 19 Years

CONTACT

2413 W. Road, Algonquin, IL 60102

Marc Jeffrey Cairo

Workers' Compensation, Bankruptcy

Status: Licensed: 30 Years

CONTACT

2413 W. Road, Algonquin, IL 60102

800-814-6700

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LEGAL TERMS

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

CCCS

See Consumer Credit Counseling Service.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

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Algonquin Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Colleen Thomas

Sarah J. Holbrook

Timothy Joseph Somen

Curtis Eric Edlund

Jason Mathew Bailey

Thomas Vaclavek

Sheila Diane Aiken

Michele Aiken

Sheila Aiken

Marc Jeffrey Cairo

TIPS

LEGAL TERMS

ABUSE

MEANS TEST

WORKOUT

COSIGNER

CCCS

CREDIT REPORT

CYBERSQUATTING

TOXIC TORT

MEETING OF CREDITORS

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