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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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Richard S. Feinsilver

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Real Estate, Bankruptcy, Bankruptcy & Debt

Your Long Island Bankruptcy Lawyer - 25 yrs exp.

Over the past 25 years, lawyer Richard Feinsilver has represented in excess of 6,000 clients in the prosecution of consumer and business bankruptcy pr... (more)

FREE CONSULTATION

CONTACT

800-977-1321

One Old Country Road, Carle Place, NY 11514

Parshhueram T. Misir

Construction, Real Estate, Litigation, Bankruptcy

Status:

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170 Old Country Road, Mineola, NY 11501

James Martin Gallagher

Consumer Bankruptcy, Wills & Probate, Personal Injury, Real Estate

Status: Licensed: 45 Years

CONTACT

2249 Derby Road (At Sunrise Highway), Baldwin, NY 11510

Jerry Merola

Tax, Bankruptcy & Debt, Criminal, Business

Status:

FREE CONSULTATION

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91 N. Franklin Street, Hempstead, NY 11550

Jeffrey M. Rosenblum

Bankruptcy & Debt, Tax, Estate, Lawsuit & Dispute

Status: Licensed: 51 Years

FREE CONSULTATION

CONTACT

371 Merrick Road, Rockville Centre, NY 11570

Danny D. De Voe

Bankruptcy & Debt, Business, Collection, Estate

Status: Licensed: 19 Years

CONTACT

1325 Franklin Ave., Garden City, NY 11530

Mel Jacoby

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

Status:

FREE CONSULTATION

CONTACT

2545 Hempstead Turnpike, East Meadow, NY 11554

Leonard M. Ross

Corporate, Contract, Business Organization, Credit & Debt, Real Estate

Status: Licensed: 46 Years

CONTACT

265 Sunrise Hwy, Rockville Centre, NY 11570

Jennifer A. Bentley

Accident & Injury, Bankruptcy & Debt, Criminal, Employment

Status: Licensed: 20 Years

CONTACT

90 Merrick Avenue, East Meadow, NY 11554

Richard Glenn Gertler

Litigation, Corporate Governance, Business & Trade, Bankruptcy Litigation

Status: Licensed: 40 Years

CONTACT

90 Merrick Avenue, East Meadow, NY 11554

800-814-6700

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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.

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Roosevelt Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard S. Feinsilver

Parshhueram T. Misir

James Martin Gallagher

Jerry Merola

Jeffrey M. Rosenblum

Danny D. De Voe

Mel Jacoby

Leonard M. Ross

Jennifer A. Bentley

Richard Glenn Gertler

TIPS

LEGAL TERMS

FCRA

CREDIT INSURANCE

MEETING OF CREDITORS

CREDIT BUREAU

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

ADMINISTRATIVE EXPENSES

LIMITED LIABILITY

FRATERNAL BENEFIT SOCIETY BENEFITS

HOUSEHOLDER

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