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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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Vanessa Hanks

Immigration, Contract, Credit & Debt, Collection

Status:

FREE CONSULTATION

CONTACT

Farmington, NY 14425

Michael D Calarco

Trusts, Estate, Collection, Bankruptcy

Status: Licensed: 35 Years

CONTACT

605 Mason St, Newark, NY 14513

David M. Kaplan

Commercial Banks, Collection, Class Action, Bankruptcy

Status:

CONTACT

46 Helmsford Way, Penfield, NY 14526

Bradley M Yusuf

Litigation, Dispute Resolution, Federal Appellate Practice, Collection, Commercial Real Estate

Status:

CONTACT

99 Garnsey Road, Pittsford, NY 14534

Robert L. Jacobson

Collection

Status: Licensed: 44 Years

CONTACT

1080 Pittsford Victor Rd, Pittsford, NY 14534

Herbert J. Lepage

Landlord-Tenant, Estate Planning, Family Law, Collection, Business

Status: Licensed: 61 Years

CONTACT

1 South Clinton Ave, Rochester, NY 14604

C Thomas Wright

Dispute Resolution, Divorce & Family Law, Criminal, Collection

Status: Licensed: 54 Years

CONTACT

111 Whitewood Ln, Rochester, NY 14618

James Stuart Grossman

Tax, Commercial Real Estate, Health Care Other, Collection

Status: Licensed: 51 Years

CONTACT

100 Chestnut St, Rochester, NY 14604

Robert Joseph Lunn

Mediation, Arbitration, Collection, Car Accident

Status: Licensed: 50 Years

CONTACT

2 State St, Rochester, NY 14614

Mindy Lee Zoghlin

State and Local, State and Local, Environmental Law, Divorce, Collection

Status: Licensed: 41 Years

CONTACT

300 State St, Rochester, NY 14614

800-814-6700

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800-943-8690

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

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.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

FCRA

See Fair Credit Reporting Act.

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.

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East Bloomfield Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Vanessa Hanks

Michael D Calarco

David M. Kaplan

Bradley M Yusuf

Robert L. Jacobson

Herbert J. Lepage

C Thomas Wright

James Stuart Grossman

Robert Joseph Lunn

Mindy Lee Zoghlin

TIPS

LEGAL TERMS

COLLATERAL

PREFERENCE

CREDIT BUREAU

INFRINGEMENT (OF TRADEMARK)

NONPROFIT CORPORATION

REPOSSESSION

CHAPTER 13 PLAN

FCRA

CREDIT INSURANCE

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