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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Jeffrey Strange

Business, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

717 Ridge Road, Wilmette, IL 60091

Richard Gilbaugh

Tax, Bankruptcy, International Tax

Status: Licensed: 13 Years

CONTACT

717 Ridge Rd, Wilmette, IL 60091

Carol Di Giacomo

Estate Planning, Adoption, Divorce & Family Law, Bankruptcy

Status: Licensed: 43 Years

CONTACT

191 Waukegan Rd., Winnetka, IL 60093

Ben Leo Schneider

Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

8424 Blvd, Skokie, IL 60077

Stuart Lloyd Swanson

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

4131 Main St, Skokie, IL 60076

David Edmund Cohen

Civil Rights, Business & Trade, Business, Bankruptcy

Status: Licensed: 39 Years

CONTACT

500 Skokie Blvd, Northbrook, IL 60062

John Ferrentino

Immigration, Bankruptcy, Landlord-Tenant, Traffic, State Appellate Practice

Status: Licensed: 15 Years

CONTACT

1 Plaza, Winnetka, IL 60093

Roger H. Simon

Federal Appellate Practice, Civil Rights, Transactions, Bankruptcy

Status: Licensed: 56 Years

CONTACT

936 Asbury Avenue, Evanston, IL 60202

Donald Anthony Smith

Estate Planning, Adoption, Business & Trade, Bankruptcy

Status: Licensed: 41 Years

CONTACT

241 Golf Mill Professional Building, Niles, IL 60714

Thomas Christopher Judge

Dispute Resolution, Securities, Corporate, Commercial Bankruptcy

Status: Licensed: 43 Years

CONTACT

1933 Church St, Evanston, IL 60201

800-814-6700

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LEGAL TERMS

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

DISCHARGE (OF DEBTS)

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

FCBA

See Fair Credit Billing Act.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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).

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

... Appellees and Cross-Appellants, v. Hollis L. BRUMFIELD, Defendant and Counterplaintiff- Appellant and Cross-Appellee, and Michael J. Drewes; Constance Drewes; Beau Drewes; Zachary Fitzpatrick; Dan Fitzpatrick; Cindy Fitzpatrick; Steve Miller, Trustee in Bankruptcy for the ...

Seip v. Rogers Raw Materials Fund, LP

... Upon learning this, Beeland immediately sought to have the assets transferred either to Refco, LLC, or back to the original brokerage accounts. D. Refco Bankruptcy and the Special Redemption Letter. ... (2006)). Refco, LLC, filed for bankruptcy as well in November 2005. ...

Giannini v. Kumho Tire USA, Inc.

... While there are no Illinois cases addressing the stay granted in Rule 306, Garbe Iron Works held that the two-year statute of limitations for filing a mechanics' lien foreclosure was tolled by the automatic stay provision contained in the Federal Bankruptcy Act (11 USC Â§ 362(a)(1 ...

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Kenilworth Bankruptcy Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeffrey Strange

Richard Gilbaugh

Carol Di Giacomo

Ben Leo Schneider

Stuart Lloyd Swanson

David Edmund Cohen

John Ferrentino

Roger H. Simon

Donald Anthony Smith

Thomas Christopher Judge

TIPS

LEGAL TERMS

GARNISHMENT

COLLECTION AGENCY

MEETING OF CREDITORS

DISCHARGE (OF DEBTS)

FCBA

DEBT COLLECTOR

REPOSSESSION

REDEMPTION

LIEN

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

Seip v. Rogers Raw Materials Fund, LP

Giannini v. Kumho Tire USA, Inc.

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