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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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Alan Peter Pressman

Bankruptcy, Bankruptcy & Debt, DUI-DWI, Criminal, Collection

Status: Licensed: 44 Years

CONTACT

2950 Express Dr S, Islandia, NY 11749

Andrew F. Brems

Misdemeanor, Contract, Collection, Slip & Fall Accident

Status:

CONTACT

330 Vanderbilt Motor Parkway, Hauppauge, NY 11788

Angelo Louis Siragusa

Collection, Bankruptcy

Status: Licensed: 26 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Brian Brendan Mulholland

Collection, Bankruptcy

Status: Licensed: 48 Years

CONTACT

71 Champlain St, Port Jefferson Station, NY 11776

Bryan Frank Lewis

Lawsuit & Dispute, Collection

Status:

CONTACT

1 Ca Plaza, Islandia, NY 11749

David Chaim Rothman

Criminal, Corporate, Collection, Bankruptcy

Status: Licensed: 10 Years

CONTACT

1787 Veterans Memorial Hwy, Islandia, NY 11749

Dennis Francis Dowd

Family Law, Collection

Status: Licensed: 23 Years

CONTACT

671 Montauk Hwy, Bayport, NY 11705

Edward L. Zelmanow

Insurance, Contract, Collection, Bankruptcy & Debt

Status:

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

Edward Timothy Mcauliffe

Landlord-Tenant, Dispute Resolution, Consumer Protection, Collection, Lawsuit & Dispute

Status: Licensed: 26 Years

CONTACT

3 Breeze Hill Rd, East Hampton, NY 11937

Eric Samuel Pillischer

Real Estate, Collection, Bankruptcy

Status: Licensed: 34 Years

CONTACT

1787 Veterans Hwy, Islandia, NY 11749

800-814-6700

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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).

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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Laurel Collection Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alan Peter Pressman

Andrew F. Brems

Angelo Louis Siragusa

Brian Brendan Mulholland

Bryan Frank Lewis

David Chaim Rothman

Dennis Francis Dowd

Edward L. Zelmanow

Edward Timothy Mcauliffe

Eric Samuel Pillischer

TIPS

LEGAL TERMS

CREDITOR

CREDIT COUNSELING

REAFFIRMATION

BANKRUPTCY

FAIR CREDIT BILLING ACT (FCBA)

CREDIT REPORT

WINDING UP

SECRET WARRANTY PROGRAM

REDEMPTION

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