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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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Michael Charles Moody

Credit & Debt, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy Litigation

Status: In Good Standing Licensed: 18 Years

CONTACT

2323 Road, Naperville, IL 60563

Robin Kramer

Collection, Landlord-Tenant, Merger & Acquisition, Car Accident, Personal Injury

Status: In Good Standing Licensed: 33 Years

CONTACT

27475 Ferry Road, Warrenville, IL 60555

Brian L Heise

Adoption, Elder Law, Contract, Consumer Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

1300 South Grove, Barrington, IL 60010

Gary K. Davidson

Commercial Real Estate, Government Agencies, Business Organization, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

58 E Clinton St, Crest Hill, IL 60432

Reginald Campbell

Child Support, Criminal, Business Organization, Collection, DUI-DWI

Status: In Good Standing Licensed: 33 Years

CONTACT

605 N. Broadway, Aurora, IL 60505

Michael J. O'Rourke

Arbitration, Administrative Law, Bankruptcy Litigation, Mesothelioma

Status: In Good Standing Licensed: 37 Years

CONTACT

221 N. West Street, Waukegan, IL 60085

John Frederick Hurlbut

Arbitration, Criminal, Administrative Law, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

574 N Mclean Blvd, Elgin, IL 60123

Catherine Schick Hurlbut

Corporate, Business Successions, Business Organization, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

574 N Mclean Blvd, Elgin, IL 60123

Paul R Idlas

Real Estate, Transactions, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

1099 N. Corporate Circle, Grayslake, IL 60030

James T. Magee

Real Estate, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 54 Years

CONTACT

444 N Cedar Lake Rd, Grayslake, IL 60073

800-923-0641

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

CCCS

See Consumer Credit Counseling Service.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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Chicago Bankruptcy & Debt Lawyer, Illinois, page 9

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Charles Moody

Robin Kramer

Brian L Heise

Gary K. Davidson

Reginald Campbell

Michael J. O'Rourke

John Frederick Hurlbut

Catherine Schick Hurlbut

Paul R Idlas

James T. Magee

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

CHAPTER 7 BANKRUPTCY

NUISANCE FEES

CCCS

GUARANTOR

SETOFF

ACCORD AND SATISFACTION

TRADE DRESS

HOUSEHOLDER

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