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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

Brian M. Martin

Bankruptcy

Status: Licensed: 20 Years

CONTACT

1650 Sycamore Ave, Bohemia, NY 11716

Edmond Robert Foy

Litigation, Bankruptcy

Status: Licensed: 16 Years

CONTACT

80 Orville Dr, Bohemia, NY 11716

Rosemarie Bruno

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status:

CONTACT

3771 Nesconset Hwy, Centereach, NY 11720

Craig Robins

Employment Discrimination, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status:

CONTACT

479 Middle Country Road, Coram, NY 11727

Aida Saba Cavooris

Personal Injury, Bankruptcy, Contract, Civil Rights, International Tax

Status: Licensed: 25 Years

CONTACT

100 S Jersey Ave, East Setauket, NY 11733

Joseph Mario Mauro

Consumer Bankruptcy, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

7 Bayberry Ct, Holtsville, NY 11742

Melvyn Lewis Jacoby

Real Estate, Motor Vehicle, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

1737 N Ocean Ave, Medford, NY 11763

John Joseph Gonzalez

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status:

CONTACT

3237 Route 112, Medford, NY 11763

Richard Andrew Jacoby

DUI-DWI, Collection, Bankruptcy, Medical Malpractice

Status:

CONTACT

1737 N Ocean Ave, Medford, NY 11763

Christine Marie Schibani

Commercial Real Estate, Family Law, Bankruptcy, Personal Injury

Status: Licensed: 25 Years

CONTACT

1737 N Ocean Ave, Medford, NY 11763

800-814-6700

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LEGAL TERMS

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

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.

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

... Department. Decided April 1, 2008. Concur â€” Gonzalez, JP, Williams, Catterson and Moskowitz, JJ. On or about February 21, 2001, plaintiff filed a petition in the United States Bankruptcy Court for the District of New Jersey. Some ...

Insurance Co. v. HSBC BANK USA

... We are asked in this case to decide whether a Bankruptcy Court order allowing a creditor to seize a debtor's bank account is entitled to res judicata effect in a subsequent state proceeding alleging that a portion of the funds in the account were state tax proceeds that should not ...

White v. Mazella-White

... which was to vacate the aforesaid inquest be made part of this judgment; and it is further," and (3) by deleting the fifth decretal paragraph thereof awarding the defendant the principal sum of $85,000 in equitable distribution payable to the defendant's trustee in bankruptcy; as so ...

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Middle Island Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian M. Martin

Edmond Robert Foy

Rosemarie Bruno

Craig Robins

Aida Saba Cavooris

Joseph Mario Mauro

Melvyn Lewis Jacoby

John Joseph Gonzalez

Richard Andrew Jacoby

Christine Marie Schibani

TIPS

LEGAL TERMS

LIQUIDATING PARTNER

DEFINED CONTRIBUTION PLAN

FRAUDULENT TRANSFER

CURRENT MONTHLY INCOME

ACCORD AND SATISFACTION

CREDIT COUNSELING

DOING BUSINESS AS (DBA)

MEETING OF CREDITORS

ADMINISTRATIVE EXPENSES

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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