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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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John Kirby Colling

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

Status: Licensed: 41 Years

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Arcade, NY 14009

Christine Valkenburgh

Real Estate, Government, Business, Bankruptcy & Debt

Status: Licensed: 35 Years

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7 E Steuben St, Bath, NY 14810

Peter J. Degnan

Motor Vehicle, Wrongful Termination, Criminal, Bankruptcy & Debt

Status: Licensed: 37 Years

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2 Schuyler St, Belmont, NY 14813

Amy Lillian Vichinsky

Criminal, Bankruptcy & Debt, Business, Other

Status: Licensed: 23 Years

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Corning, NY 14830

Frederick J. Arcuri

Divorce & Family Law, DUI-DWI, Insurance, Bankruptcy & Debt

Status: Licensed: 22 Years

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1 W Market St, Corning, NY 14830

John Duff Cleland

Litigation, Personal Injury, Commercial Bankruptcy

Status: Licensed: 27 Years

CONTACT

10840 Hidden Meadow Trl, Corning, NY 14830

Curtis Charles Warner

Class Action, Industry Specialties, Securities Fraud , Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

5 E Market St, Corning, NY 14830

John Albert Cappellini

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

Status: Licensed: 28 Years

CONTACT

1 East Main St., Cuba, NY 14727

John R. Scura

Real Estate, Government, Estate, Bankruptcy & Debt

Status: Licensed: 58 Years

CONTACT

131 Main St, Dansville, NY 14437

Mark A. Lillenstein

Real Estate, Government, Bankruptcy & Debt

Status: Licensed: 53 Years

CONTACT

Delevan, NY 14042

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

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Andover Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Kirby Colling

Christine Valkenburgh

Peter J. Degnan

Amy Lillian Vichinsky

Frederick J. Arcuri

John Duff Cleland

Curtis Charles Warner

John Albert Cappellini

John R. Scura

Mark A. Lillenstein

TIPS

LEGAL TERMS

LIQUIDATING PARTNER

CREDIT INSURANCE

SECURED DEBT

FAIR LABOR STANDARDS ACT (FLSA)

SUBROGATION

NONEXEMPT PROPERTY

FAIR CREDIT BILLING ACT (FCBA)

DEBIT CARD

WORKOUT

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