Deerfield Bankruptcy & Debt Lawyer, Illinois, page 4

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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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Glen Neuman

Litigation, Business, Collection, Bankruptcy

Status: Licensed: 47 Years

CONTACT

2549 Anne Ln, Northbrook, IL 60062

Alex Pirogovsky

Litigation, Collection, Divorce, Business

Status: Licensed: 28 Years

CONTACT

3000 Dundee Road, Northbrook, IL 60062

James Krasny

Litigation, Collection, Bankruptcy

Status: Licensed: 50 Years

CONTACT

740 Constance Lane, Deerfield, IL 60015

Nickolas Schad

Bankruptcy, Civil Rights

Status: Licensed: 19 Years

CONTACT

2121 Waukegan Road, Deerfield, IL 60015

Thomas Belczak

Bankruptcy, Transactions, Commercial Real Estate, Commercial Real Estate

Status: Licensed: 40 Years

CONTACT

2121 Waukegan Road, Deerfield, IL 60015

Michael N. Burke

Bankruptcy

Status: Licensed: 19 Years

CONTACT

2121 Waukegan Rd, Deerfield, IL 60015

David Bohrer

DUI-DWI, Civil Rights, Collection, Personal Injury

Status: Licensed: 40 Years

CONTACT

900 Skokie Blvd, Northbrook, IL 60062

Scott Hillison

Collection, Bankruptcy

Status: Licensed: 17 Years

CONTACT

707 Lake Cook Road, Deerfield, IL 60015

Steven Brody

Divorce & Family Law, Bankruptcy, Divorce, Bankruptcy & Debt

Status:

CONTACT

175 E. Olde Half Day Road, Lincolnshire, IL 60069

Toni Alana Miller

Real Estate, Collection

Status: Licensed: 20 Years

CONTACT

661 Glenn Avenue, Wheeling, IL 60090

800-814-6700

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LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

CCCS

See Consumer Credit Counseling Service.

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.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Deerfield Bankruptcy & Debt Lawyer, Illinois, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Glen Neuman

Alex Pirogovsky

James Krasny

Nickolas Schad

Thomas Belczak

Michael N. Burke

David Bohrer

Scott Hillison

Steven Brody

Toni Alana Miller

TIPS

LEGAL TERMS

LOSS DAMAGE WAIVER (LDW)

BANKRUPTCY TRUSTEE

CCCS

LIMITED LIABILITY

DOING BUSINESS AS (DBA)

FDCPA

NO-FAULT INSURANCE

CHAPTER 13 PLAN

WINDING UP

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