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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: 24 Years

CONTACT

2121 Waukegan Rd, Deerfield, IL 60015

Joseph D'onofrio

Bankruptcy, Immigration, Immigration

Status: Licensed: 25 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: 50 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

James Krasny

Litigation, Collection, Bankruptcy

Status: Licensed: 50 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Robert M. Greco

Commercial Bankruptcy

Status: Licensed: 45 Years

CONTACT

1648 Berkley Ct, Deerfield, IL 60015

800-814-6700

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LEGAL TERMS

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

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.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

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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

DOING BUSINESS AS (DBA)

SETOFF

CREDIT COUNSELING

BANKRUPTCY TRUSTEE

CURRENT MONTHLY INCOME

HOUSEHOLDER

NO-FAULT INSURANCE

FAIR CREDIT BILLING ACT (FCBA)

C CORPORATION

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