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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

Franklyn J. Engel

Foreclosure, Criminal, Consumer Protection, Bankruptcy

Status: Licensed: 54 Years

CONTACT

13 Streamside Ter, Woodstock, NY 12498

Jorge Alberto Rodriguez

Collection, Commercial Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

8 Thurlow Ter, Albany, NY 12203

Lawrence Edward Becker

Construction, Reorganization, Bankruptcy

Status: Licensed: 46 Years

CONTACT

148 Central Ave, Albany, NY 12206

Sandra Sue Poland Demars

Bankruptcy

Status: Licensed: 32 Years

CONTACT

817 Madison Ave, Albany, NY 12208

Shannon De Maranville Frazier

Bankruptcy

Status:

CONTACT

20 Corporate Woods Blvd, Albany, NY 12211

Aaron M. Depaolo

Federal Appellate Practice, Insurance, Bankruptcy, Medical Malpractice

Status: Licensed: 12 Years

CONTACT

20 Corporate Woods Blvd, Albany, NY 12211

Andrea Celli

Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 37 Years

CONTACT

7 Southwoods Blvd, Albany, NY 12211

Samuel Warner

Government, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

6 Automation Ln, Albany, NY 12205

Alexis Elizabeth Kim

Litigation, Contract, Bankruptcy, Personal Injury

Status: Licensed: 10 Years

CONTACT

200 Great Oaks Blvd, Albany, NY 12203

John William Bailey

Lawsuit, Criminal, Bankruptcy, Accident & Injury

Status:

CONTACT

5 Pine West Plaza, Albany, NY 12205

800-814-6700

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LEGAL TERMS

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.

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.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

FDCPA

See Fair Debt Collections & Practices Act.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

DISCHARGE (OF DEBTS)

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

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 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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Stottville Bankruptcy Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Franklyn J. Engel

Jorge Alberto Rodriguez

Lawrence Edward Becker

Sandra Sue Poland Demars

Shannon De Maranville Frazier

Aaron M. Depaolo

Andrea Celli

Samuel Warner

Alexis Elizabeth Kim

John William Bailey

TIPS

LEGAL TERMS

DOING BUSINESS AS (DBA)

LIMITED PARTNERSHIP

GUARANTEED RESERVATION

FDCPA

WORKOUT

FAIR CREDIT REPORTING ACT (FCRA)

UNDUE HARDSHIP

DISCHARGE (OF DEBTS)

DISPOSABLE INCOME

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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PRACTICE AREAS 30

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