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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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Melissa Corwin

Real Estate, Bankruptcy & Debt, Wrongful Death, Accident & Injury

Status: Licensed: 22 Years

CONTACT

East Setauket, NY 11733

William M. Gearty

Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

168 Smithtown Blvd, Nesconset, NY 11767

Kenneth Alan Jacoppi

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 59 Years

CONTACT

23 Woodhull Rd, East Setauket, NY 11733

Kenneth Alan Jacoppi

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 59 Years

CONTACT

23 Woodhull Rd, East Setauket, NY 11733

Mel Jacoby

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

Status:

FREE CONSULTATION

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Melvyn Lewis Jacoby

Real Estate, Motor Vehicle, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Jane Marie Mclaughlin

Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

1719 N Ocean Ave, Medford, NY 11763

Alison Margaret Berdnik

Commercial Real Estate, Litigation, Bankruptcy, Medical Malpractice

Status: Licensed: 24 Years

CONTACT

45 Sun Hill Rd, Nesconset, NY 11767

Liberatore Joseph Iannarone

Real Estate, Estate, Civil & Human Rights, Bankruptcy & Debt, Business

Status: Licensed: 56 Years

CONTACT

300 E Main St, Smithtown, NY 11787

Charles Joseph Fisher

Real Estate, Bankruptcy & Debt

Status:

CONTACT

1031 Main St, Port Jefferson, NY 11777

800-814-6700

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800-943-8690

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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.

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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

COLLATERAL

Property that guarantees payment of a secured debt.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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Centereach Bankruptcy & Debt Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Melissa Corwin

William M. Gearty

Kenneth Alan Jacoppi

Kenneth Alan Jacoppi

Mel Jacoby

Melvyn Lewis Jacoby

Jane Marie Mclaughlin

Alison Margaret Berdnik

Liberatore Joseph Iannarone

Charles Joseph Fisher

TIPS

LEGAL TERMS

LIQUIDATING PARTNER

CYBERSQUATTING

BULK SALES LAW

REDEMPTION

GUARANTOR

SUBROGATION

REPOSSESSION

COLLATERAL

GUARANTEED RESERVATION

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