Thornton Bankruptcy & Debt Lawyer, Illinois

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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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Angelo J. Vitiritti

Bankruptcy, Estate Planning, Transactions, Criminal, Divorce & Family Law

Status: Licensed: 35 Years

CONTACT

16231 Wausau Ave, South Holland, IL 60473

Dennis G Gianopolus

Real Estate, Traffic, Criminal, Credit & Debt

Status: Licensed: 35 Years

CONTACT

18511 Torrence Ave, Lansing, IL 60438

Theresa M. Long

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

2056 Ridge Road, Homewood, IL 60430

Gregory Mitchell

Bankruptcy, Civil Rights, Federal Appellate Practice, Personal Injury

Status: Licensed: 40 Years

CONTACT

16901 S Dixie Highway, Hazel Crest, IL 60429

Connie J. Lambert

Corporate, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 36 Years

CONTACT

716 Park Dr, Flossmoor, IL 60422

Lorraine M. Greenberg

Litigation, International Tax, Bankruptcy, Personal Injury

Status:

CONTACT

18027 Harwood Avenue, Homewood, IL 60430

Ronald Lorsch

Bankruptcy, Personal Injury

Status: Licensed: 46 Years

CONTACT

1829 170Th St, Hazel Crest, IL 60429

Nancy Addae

Immigration, Bankruptcy, Transactions

Status: Licensed: 23 Years

CONTACT

15000 Dorchester Ave., Dolton, IL 60419

Nancy Akua Biraa Addae Aburam

Bankruptcy, Transactions, State Appellate Practice, Commercial Real Estate

Status: Licensed: 22 Years

CONTACT

15000 Dorchester Ave, Dolton, IL 60419

Mary Kathryn Duggan

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status: Licensed: 42 Years

CONTACT

Flossmoor, IL 60422

800-814-6700

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

LIQUIDATING PARTNER

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

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

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Thornton Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Angelo J. Vitiritti

Dennis G Gianopolus

Theresa M. Long

Gregory Mitchell

Connie J. Lambert

Lorraine M. Greenberg

Ronald Lorsch

Nancy Addae

Nancy Akua Biraa Addae Aburam

Mary Kathryn Duggan

TIPS

LEGAL TERMS

FDCPA

LIQUIDATING PARTNER

PRESUMED ABUSE

COLLECTION AGENCY

UNSECURED DEBT

SUBROGATION

MEETING OF CREDITORS

REPOSSESSION

CREDIT COUNSELING

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