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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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Anthony Charles Parlato

Employment, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 35 Years

CONTACT

400 Seven Day Rd, Darien Center, NY 14040

Audrey M. Farber

Foreclosure, Litigation, Election & Political, Transactions, Bankruptcy

Status: Licensed: 39 Years

CONTACT

175 Mile Crossing Blvd, Rochester, NY 14624

Barry Christopher Balonek

Family Law, Constitutional Law, Corporate, Credit & Debt

Status: Licensed: 49 Years

CONTACT

38 Wilelen Rd, Rochester, NY 14624

Beth Ela Wilkens

Public Finance, Corporate, Business, Credit & Debt

Status: Licensed: 50 Years

CONTACT

99 Garnsey Rd, Pittsford, NY 14534

Bradley M Yusuf

Litigation, Dispute Resolution, Federal Appellate Practice, Collection, Commercial Real Estate

Status:

CONTACT

99 Garnsey Road, Pittsford, NY 14534

Brian C. Buettner

Divorce, Custody & Visitation, Criminal, Bankruptcy

Status: Licensed: 38 Years

CONTACT

16 E Main St, Rochester, NY 14614

Brian Joseph Capitummino

Special Education, Litigation, Federal Appellate Practice, Securities, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

1900 Bausch And Lomb Pl, Rochester, NY 14604

Bridget Elizabeth Marsh

Landlord-Tenant, Collection, Personal Injury

Status: Licensed: 9 Years

CONTACT

Rochester, NY 14625

C Thomas Wright

Dispute Resolution, Divorce & Family Law, Criminal, Collection

Status: Licensed: 54 Years

CONTACT

111 Whitewood Ln, Rochester, NY 14618

Carl Alfred Steinbrenner

Real Estate, Intellectual Property, Business, Commercial Bankruptcy

Status: Licensed: 37 Years

CONTACT

104 Troup St, Rochester, NY 14608

800-923-0641

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LEGAL TERMS

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

CCCS

See Consumer Credit Counseling Service.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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Nunda Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony Charles Parlato

Audrey M. Farber

Barry Christopher Balonek

Beth Ela Wilkens

Bradley M Yusuf

Brian C. Buettner

Brian Joseph Capitummino

Bridget Elizabeth Marsh

C Thomas Wright

Carl Alfred Steinbrenner

TIPS

LEGAL TERMS

NONDISCHARGEABLE DEBTS

BANKRUPTCY TRUSTEE

SETOFF

TRADE NAME

ADMINISTRATIVE EXPENSES

HOUSEHOLDER

UNSECURED DEBT

CCCS

LIMITED PARTNERSHIP

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