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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 Clark

Environmental Law Other, Elder Law, Bankruptcy, Personal Injury

Status: Licensed: 37 Years

CONTACT

1000 Col Eileen Collins Blvd, Syracuse, NY 13212

Richard Joseph Spatari

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

Status: Licensed: 43 Years

CONTACT

201 2Nd St, Liverpool, NY 13088

David Peter Zangari

Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

209 2Nd St, Liverpool, NY 13088

Peter Nikola Talev

Real Estate, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

201 2Nd St, Liverpool, NY 13088

Richard T. Ward

Estate, Civil & Human Rights, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

227 Chestnut Hill Dr, Liverpool, NY 13088

Kristin M. Sunser-King

Real Estate, Bankruptcy & Debt

Status: Licensed: 38 Years

CONTACT

236 Bury Dr, Syracuse, NY 13209

Susan N. Esce

Power of Attorney, Traffic, Dispute Resolution, Bankruptcy & Debt

Status:

CONTACT

10 Adler Drive, East Syracuse, NY 13057

Harris Nelson Lindenfeld

Bankruptcy

Status: Licensed: 38 Years

CONTACT

5 Adler Dr, East Syracuse, NY 13057

Laura Harris Courage

Bankruptcy & Debt, Consumer Bankruptcy

Status:

FREE CONSULTATION

CONTACT

225 Greenfield Parkway, Liverpool, NY 13088

Jessica Ge Grady

Bankruptcy & Debt

Status: Licensed: 21 Years

CONTACT

225 Greenfield Pkwy, Liverpool, NY 13088

800-923-0641

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

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Central Square Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Clark

Richard Joseph Spatari

David Peter Zangari

Peter Nikola Talev

Richard T. Ward

Kristin M. Sunser-King

Susan N. Esce

Harris Nelson Lindenfeld

Laura Harris Courage

Jessica Ge Grady

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

ABUSE

CREDITOR

FRATERNAL BENEFIT SOCIETY BENEFITS

CURRENT MONTHLY INCOME

REAFFIRMATION

TOXIC TORT

CHAPTER 13 BANKRUPTCY

CYBERSQUATTING

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