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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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Carmen Lewis Albert

Commercial Real Estate, Land Use & Zoning, Public Finance, Commercial Bankruptcy

Status: Licensed: 17 Years

CONTACT

47 Marblehead Drive, Rochester, NY 14620

Kenneth Charles Keller

Bankruptcy & Debt

Status: Licensed: 44 Years

CONTACT

47 Loyalist Ave, Rochester, NY 14624

Ralph Herbert Boss

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: Licensed: 53 Years

CONTACT

2691 Dewey Ave, Rochester, NY 14616

Hope Olsson

Bankruptcy & Debt

Status: Licensed: 28 Years

CONTACT

1064 Lake Avenue, Rochester, NY 14613

Loretta S. Courtney

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

201 Hall Of Justice, Rochester, NY 14614

Debra Lobello Burhans

International, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

4961 Ford Rd, Elba, NY 14058

Lawrence Baker

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

Status: Licensed: 46 Years

CONTACT

250 Mill Street, Rochester, NY 14614

Mindy Lee Zoghlin

State and Local, State and Local, Environmental Law, Divorce, Collection

Status: Licensed: 41 Years

CONTACT

300 State St, Rochester, NY 14614

Cheryl A. Heller

Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

300 State St, Rochester, NY 14614

Sandra Marie Williams

Family Law, Divorce & Family Law, Contract, Credit & Debt

Status: Licensed: 28 Years

CONTACT

Rochester, NY 14614

800-814-6700

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LEGAL TERMS

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

FDCPA

See Fair Debt Collections & Practices Act.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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Brockport Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Carmen Lewis Albert

Kenneth Charles Keller

Ralph Herbert Boss

Hope Olsson

Loretta S. Courtney

Debra Lobello Burhans

Lawrence Baker

Mindy Lee Zoghlin

Cheryl A. Heller

Sandra Marie Williams

TIPS

LEGAL TERMS

CREDIT COUNSELING

REDEMPTION

LIMITED LIABILITY

FDCPA

REPOSSESSION

COLLECTION AGENCY

C CORPORATION

IRS EXPENSES

SUBROGATION

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