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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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Scott Barry Ugell

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Divorce & Family Law, Foreclosure, Bankruptcy & Debt, Criminal, Wills & Probate

As an experienced New York attorney, I have seen how legal problems and debt can consume people’s lives. I am attorney Scott Ugell. I provide legal ... (more)

CONTACT

845-639-7011

151 N. Main Street, New City, NY 10956

Ari Joshua Stein

Other, Lawsuit & Dispute, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

1 Railroad Square, Haverstraw, NY 10927

Michael Patrick O'Connor

Real Estate, Divorce & Family Law, Criminal, Bankruptcy

Status: Licensed: 38 Years

CONTACT

10 Esquire Rd, New City, NY 10956

Seth Howard Schlanger

Tax, Traffic, Collection

Status: Licensed: 46 Years

CONTACT

36 E Heritage Dr, New City, NY 10956

Mark S. Swartz

Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

20 Squadron Blvd, New City, NY 10956

Richard J. Feinberg

International, Family Law, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 57 Years

CONTACT

254 S Main St, New City, NY 10956

Isabel L. Becker

Industry Specialties, Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 55 Years

CONTACT

49 Maple Ave, New City, NY 10956

Steven Mark Landau

Real Estate, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

337 N Main St, New City, NY 10956

Keith Lane Miller

Criminal, Bankruptcy, Car Accident

Status: Licensed: 43 Years

CONTACT

New City, NY 10956

Stanley E. Zwillinger

Real Estate, Lawsuit & Dispute, Estate, Bankruptcy & Debt

Status: Licensed: 61 Years

CONTACT

54 Radcliff Dr, New City, NY 10956

800-814-6700

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LEGAL TERMS

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

FCRA

See Fair Credit Reporting Act.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

Thiells Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott Barry Ugell

Ari Joshua Stein

Michael Patrick O'Connor

Seth Howard Schlanger

Mark S. Swartz

Richard J. Feinberg

Isabel L. Becker

Steven Mark Landau

Keith Lane Miller

Stanley E. Zwillinger

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

S CORPORATION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

FCRA

LIEN

FRAUDULENT TRANSFER

ABUSE

TRADE DRESS

COLLATERAL

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