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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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Peter J. Degnan

Motor Vehicle, Wrongful Termination, Criminal, Bankruptcy & Debt

Status: Licensed: 37 Years

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John Albert Cappellini

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

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Joseph Gerald Pelych

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Wills

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Michael Anthony Morgan

Real Estate, Estate, Business, Bankruptcy & Debt

Status: Licensed: 19 Years

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John R. Scura

Real Estate, Government, Estate, Bankruptcy & Debt

Status: Licensed: 58 Years

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131 Main St, Dansville, NY 14437

John Francis Leyden

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 51 Years

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Wayland, NY 14572

Mark A. Lillenstein

Real Estate, Government, Bankruptcy & Debt

Status: Licensed: 53 Years

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Delevan, NY 14042

John Kirby Colling

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

Status: Licensed: 41 Years

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Arcade, NY 14009

Raymond Mark Pfeiffer

Landlord-Tenant, Land Use & Zoning, Bankruptcy & Debt, Accident & Injury, Estate

Status: Licensed: 37 Years

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22 Smith Ave, Delevan, NY 14042

Christine Valkenburgh

Real Estate, Government, Business, Bankruptcy & Debt

Status: Licensed: 35 Years

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7 E Steuben St, Bath, NY 14810

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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.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

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).

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.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

CREDIT FILE

See credit report.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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Belmont Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Peter J. Degnan

John Albert Cappellini

Joseph Gerald Pelych

Michael Anthony Morgan

John R. Scura

John Francis Leyden

Mark A. Lillenstein

John Kirby Colling

Raymond Mark Pfeiffer

Christine Valkenburgh

TIPS

LEGAL TERMS

UNDUE HARDSHIP

SECRET WARRANTY PROGRAM

INFRINGEMENT (OF TRADEMARK)

CREDIT REPORT

CURRENT MONTHLY INCOME

FRAUDULENT TRANSFER

NONPROFIT CORPORATION

CREDIT FILE

DISCHARGE (OF DEBTS)

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