Deerfield Bankruptcy & Debt Lawyer, Illinois

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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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Howard L. Teplinsky

Dispute Resolution, Arbitration, Bankruptcy, Bankruptcy Litigation

Status:

CONTACT

750 Lake Cook Rd, Buffalo Grove, IL 60089

William J. Factor

Government, Business, Bankruptcy, Bankruptcy & Debt

Status:

FREE CONSULTATION

CONTACT

1363 Shermer Road, Northbrook, IL 60062

David P. Holtkamp

Bankruptcy, Bankruptcy & Debt

Status:

FREE CONSULTATION

CONTACT

1363 Shermer Road, Northbrook, IL 60062

Randal Scott Berg

Real Estate, Banking & Finance, Bankruptcy

Status: Licensed: 23 Years

CONTACT

2121 Waukegan Rd, Deerfield, IL 60015

Joseph D'onofrio

Bankruptcy, Immigration, Immigration

Status: Licensed: 24 Years

CONTACT

Deerfield, IL 60015

Igor G. Gromov

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

Status: Licensed: 21 Years

CONTACT

1020 Milwaukee Ave, Deerfield, IL 60015

Daniel T. A. Cotts

Other, Industry Specialties, Bankruptcy & Debt

Status: Licensed: 29 Years

CONTACT

2700 Lake Cook Rd, Deerfield, IL 60015

Constance Carey

Litigation, Litigation, Collection, Bankruptcy

Status: Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

James Krasny

Litigation, Collection, Bankruptcy

Status: Licensed: 49 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Robert M. Greco

Commercial Bankruptcy

Status: Licensed: 44 Years

CONTACT

1648 Berkley Ct, Deerfield, IL 60015

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LEGAL TERMS

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

FCRA

See Fair Credit Reporting Act.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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Deerfield Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Howard L. Teplinsky

William J. Factor

David P. Holtkamp

Randal Scott Berg

Joseph D'onofrio

Igor G. Gromov

Daniel T. A. Cotts

Constance Carey

James Krasny

Robert M. Greco

TIPS

LEGAL TERMS

CREDIT INSURANCE

INFRINGEMENT (OF TRADEMARK)

NO-FAULT INSURANCE

FCRA

SECRET WARRANTY PROGRAM

S CORPORATION

COLLATERAL

CHAPTER 7 BANKRUPTCY

DISCHARGE (OF DEBTS)

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