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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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David Edward Hoffberg

Accident & Injury, Consumer Bankruptcy, Workers' Compensation, Medical Malpractice

Status:

CONTACT

570 Taxter Rd, Elmsford, NY 10523

David Sheridan Waltzer

Bankruptcy & Debt, Real Estate

Status:

CONTACT

1 Central Ave, Tarrytown, NY 10591

David M. Friedman

Collection

Status: Licensed: 35 Years

CONTACT

457 Martling Ave, Tarrytown, NY 10591

Dawn Kirby

Real Estate, Bankruptcy

Status:

CONTACT

700 Post Rd, Scarsdale, NY 10583

Donald H. London

Immigration, Bankruptcy & Debt, Visa

Status: Licensed: 42 Years

CONTACT

984 North Broadway, Yonkers, NY 10701

Edward Eliezer Neiger

Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

2 Overhill Rd, Scarsdale, NY 10583

Elias James Sayegh

Industry Specialties, Estate, Business, Bankruptcy & Debt

Status: Licensed: 26 Years

CONTACT

615 Yonkers Ave, Yonkers, NY 10704

Elizabeth Shaghalian Vranka

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

171 White Plains Rd, Bronxville, NY 10708

Ellen B. Silverman

Litigation, Divorce & Family Law, Banking & Finance, Consumer Bankruptcy

Status:

CONTACT

555 Taxter Rd, Elmsford, NY 10523

Eric Gary Fendt

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

Status: Licensed: 21 Years

CONTACT

120 White Plains Rd, Tarrytown, NY 10591

800-923-0641

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LEGAL TERMS

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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Dobbs Ferry Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Edward Hoffberg

David Sheridan Waltzer

David M. Friedman

Dawn Kirby

Donald H. London

Edward Eliezer Neiger

Elias James Sayegh

Elizabeth Shaghalian Vranka

Ellen B. Silverman

Eric Gary Fendt

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

ACCORD AND SATISFACTION

INFRINGEMENT (OF TRADEMARK)

DISPOSABLE INCOME

AUTOMATIC STAY

GUARANTEED RESERVATION

BANKRUPTCY

GUARANTOR

CREDIT REPORT

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