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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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Yiming A. Zhu

Lawsuit & Dispute, Immigration, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

136-56 39Th Ave, Flushing, NY 11354

Naresh Menghraj Gehi

Visa, Bankruptcy, Divorce, Personal Injury, Asylum

Status:

CONTACT

7409 37Th Ave, Jackson Heights, NY 11372

Maria Temilda Gonzalez

Immigration, Criminal, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

3706 82Nd St, Jackson Heights, NY 11372

Jeremy D. Sussman

Bankruptcy & Debt

Status: Licensed: 55 Years

CONTACT

7910 34Th Ave, Jackson Heights, NY 11372

Silvia A. Bevilacqua

Real Estate, Immigration, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

7827 37Th Ave, Jackson Heights, NY 11372

John C. Castro

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

Status: Licensed: 18 Years

CONTACT

8211 37Th Ave, Jackson Heights, NY 11372

Aron B. Borukhov

Real Estate, Business, Bankruptcy & Debt

Status: Licensed: 26 Years

CONTACT

9717 64Th Rd, Rego Park, NY 11374

Daniel Leonard Feldman

Collection, Contract, Collection, Credit & Debt

Status: Licensed: 37 Years

CONTACT

41-46 Main St, Flushing, NY 11355

Zoraida Elena Gonzalez

Consumer Bankruptcy, Visa, Residential Real Estate, Divorce & Family Law

Status: Licensed: 25 Years

CONTACT

3706 82nd St, Jackson Heights, NY 11372

James Edward Swinnen

Litigation, Insurance, Consumer Bankruptcy, Personal Injury

Status: Licensed: 41 Years

CONTACT

8105 35Th Avenue, Jackson Heights, NY 11372

800-814-6700

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800-943-8690

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LEGAL TERMS

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CREDITOR

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

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

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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Corona Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Yiming A. Zhu

Naresh Menghraj Gehi

Maria Temilda Gonzalez

Jeremy D. Sussman

Silvia A. Bevilacqua

John C. Castro

Aron B. Borukhov

Daniel Leonard Feldman

Zoraida Elena Gonzalez

James Edward Swinnen

TIPS

LEGAL TERMS

LIMITED LIABILITY

DISCHARGEABLE DEBTS

CREDITOR

CREDIT BUREAU

REAFFIRMATION

GARNISHMENT

AUTOMATIC STAY

C CORPORATION

COSIGNER

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