Kenilworth Bankruptcy & Debt Lawyer, Illinois

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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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Abraham Gutnicki

Commercial Real Estate, Merger & Acquisition, Transactions, Bankruptcy & Debt

Status: Licensed: 26 Years

CONTACT

4711 Golf Road, Skokie, IL 60076

Adam Matthew Hecht

Divorce & Family Law, Contract, Bankruptcy, Child Custody, Divorce

Status: Licensed: 29 Years

CONTACT

900 Skokie Blvd, Northbrook, IL 60062

Alexey Kaplan

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

950 Skokie Blvd, Northbrook, IL 60062

Anthony Hofeld

Income Tax, Estate Planning, Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

5901 Dempster Street, Morton Grove, IL 60053

Arkadiusz Dobradin

Divorce, Securities Fraud , Collection, Bankruptcy

Status: Licensed: 13 Years

CONTACT

8707 Skokie, Skokie, IL 60077

Arnold Landis

Federal Appellate Practice, Civil Rights, Banking & Finance, Bankruptcy, Real Estate

Status: Licensed: 52 Years

CONTACT

1001 Green Bay Road, Winnetka, IL 60093

Audra Appleton Kemp

Lawsuit & Dispute, Intellectual Property, Business, Bankruptcy

Status: Licensed: 27 Years

CONTACT

1776 Ash St, Winnetka, IL 60093

Barbara Decoster

Estate, Transactions, Collection, Products Liability

Status: Licensed: 48 Years

CONTACT

1620 Cleveland Street, Evanston, IL 60202

Barbara Snider

Estate Planning, Business, Landlord-Tenant, Credit & Debt, Household Mold

Status: Licensed: 45 Years

CONTACT

527 Meadow Dr W, Wilmette, IL 60091

Ben Leo Schneider

Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

8424 Blvd, Skokie, IL 60077

800-814-6700

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LEGAL TERMS

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

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.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

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Kenilworth Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Abraham Gutnicki

Adam Matthew Hecht

Alexey Kaplan

Anthony Hofeld

Arkadiusz Dobradin

Arnold Landis

Audra Appleton Kemp

Barbara Decoster

Barbara Snider

Ben Leo Schneider

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

FRATERNAL BENEFIT SOCIETY BENEFITS

LIEN

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

NUISANCE FEES

CREDIT COUNSELING

ADMINISTRATIVE EXPENSES

GENERAL PARTNER

DISCHARGE (OF DEBTS)

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