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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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Kevin A. Moss

Criminal, Traffic, Credit & Debt, Personal Injury

Status: Licensed: 52 Years

CONTACT

462 Bond Rd, Altamont, NY 12009

Anthony J Pietrafesa

Bankruptcy & Debt, Consumer Rights, Defect and Lemon Law, Deceptive Trade Practices, Landlord-Tenant

Status:

FREE CONSULTATION

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1971 Western Av #181, Albany, NY 12203

Roger M Mallery

Bankruptcy, Real Estate, Trusts, Wills & Probate, Child Custody

Status: Licensed: 69 Years

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545 Main St, Cobleskill, NY 12043

Richard H. Weiskopf

Divorce & Family Law, Bankruptcy & Debt, Personal Injury, Accident & Injury

Status: Licensed: 51 Years

CONTACT

670 Franklin Street, Schenectady, NY 12305

Christiaan Van Niekerk

Foreclosure, Bankruptcy, Landlord-Tenant, Bankruptcy & Debt

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202 Union Street, Schenectady, NY 12305

Joseph L Litz

Criminal, Contract, Business Organization, Bankruptcy, International

Status: Licensed: 41 Years

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143 Clinton St, Schenectady, NY 12305

Nancy Baum Delain

Patent, Intellectual Property, Business & Trade, Bankruptcy & Debt

Status: Licensed: 21 Years

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107 North College Street, Schenectady, NY 12305

Michelle H. Wildgrube

Real Estate, Federal Appellate Practice, Family Law, Bankruptcy, Government

Status:

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1473 Erie Blvd, Schenectady, NY 12305

Robert H. Coughlin

Insurance, Business, Commercial Bankruptcy, Personal Injury

Status: Licensed: 44 Years

CONTACT

449 New Karner Road, Albany, NY 12205

Paula Marie Barbaruolo

Real Estate, Lawsuit & Dispute, Government, Bankruptcy

Status: Licensed: 33 Years

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12 Cornell Rd, Latham, NY 12110

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LEGAL TERMS

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

CCCS

See Consumer Credit Counseling Service.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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.

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Berne Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kevin A. Moss

Anthony J Pietrafesa

Roger M Mallery

Richard H. Weiskopf

Christiaan Van Niekerk

Joseph L Litz

Nancy Baum Delain

Michelle H. Wildgrube

Robert H. Coughlin

Paula Marie Barbaruolo

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LEGAL TERMS

FRAUDULENT TRANSFER

NONDISCHARGEABLE DEBTS

REPOSSESSION

CCCS

LIEN

UNSECURED DEBT

TRADE NAME

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

COSIGNER

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