Forest Park Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

x
Click For More Info:

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.
1. Contact
2. E-mail
3. Refer
5. Visit:
6. Website
7. Profile

Matthew J Ryan

Bankruptcy, Criminal, Estate Planning, Family Law

Status:

FREE CONSULTATION

CONTACT

3101 N Rose Street, Franklin Park, IL 60131

Jeffrey Scott Harris

Real Estate, Litigation, Divorce & Family Law, Bankruptcy & Debt, Personal Injury

Status:

CONTACT

1701 S. First Ave, Maywood, IL 60153

Elizabeth C. Simon

Employee Rights, Civil Rights, Credit & Debt, Household Mold

Status: Licensed: 42 Years

CONTACT

234 Franklin Ave, River Forest, IL 60305

Craig Smith

Commercial Real Estate, Litigation, Civil Rights, Collection

Status: Licensed: 29 Years

CONTACT

1011 Lake St, Oak Park, IL 60301

Francis Edward Stepnowski

Employee Rights, Civil Rights, Insurance, Bankruptcy

Status: Licensed: 41 Years

CONTACT

1515 N Harlem Ave, Oak Park, IL 60302

David Koch

Bankruptcy, DUI-DWI, Divorce, Estate Planning, Dispute Resolution

Status:

CONTACT

5947 West 35Th Street, Cicero, IL 60804

Michelle Diane Orton Loftus

Commercial Real Estate, Wills & Probate, Transactions, Bankruptcy

Status: Licensed: 29 Years

CONTACT

311 South Blvd., Oak Park, IL 60302

David P. Lloyd

Landlord-Tenant, Litigation, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

9244 Washington St, Brookfield, IL 60513

Lawrence Drumm

Litigation, Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

177 N. Humphrey Ave., Oak Park, IL 60302

George I. Sarolas

Family Law, Divorce, Transactions, Bankruptcy

Status: Licensed: 41 Years

CONTACT

7234 W North Ave, Elmwood Park, IL 60707

800-814-6700

Free Help: Use This Form or Call 800-814-6700

Call me for fastest results!
800-814-6700

Free Help: Use This Form or Call 800-814-6700

By submitting this request, I authorize you to forward my information to multiple potential lawyers and I agree to your Terms of Use and Privacy Policy including the Consent to Receive Automated Phone Calls, Emails and Texts. Information you provide is not privileged or confidential.

LEGAL TERMS

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

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.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Forest Park Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Matthew J Ryan

Jeffrey Scott Harris

Elizabeth C. Simon

Craig Smith

Francis Edward Stepnowski

David Koch

Michelle Diane Orton Loftus

David P. Lloyd

Lawrence Drumm

George I. Sarolas

TIPS

LEGAL TERMS

BANKRUPTCY TRUSTEE

IRS EXPENSES

LIABILITY

CREDIT INSURANCE

GUARANTOR

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

MEANS TEST

NUISANCE FEES

CURRENT MONTHLY INCOME

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS