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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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Alan R. Lecours

Real Estate, Criminal, Bankruptcy & Debt

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Gansevoort, NY 12831

Alex Colin Turnello

Workers' Compensation, Natural Resources, Construction, Personal Injury, Consumer Bankruptcy

Status: Licensed: 9 Years

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17 Heinrick St, Queensbury, NY 12804

Anne J. White

Bankruptcy & Debt

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48 Sugarbush Way, Schroon Lake, NY 12870

Antonin I. Z. Robbason

Civil Rights, Bankruptcy, Construction, Litigation, Insurance

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511 Glen St, Glens Falls, NY 12801

Arnold B. Firestone

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

Status: Licensed: 66 Years

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39 Loughberry Lake Rd, Saratoga Springs, NY 12866

Beverley Joy Forrest

Dispute Resolution, Bankruptcy

Status: Licensed: 46 Years

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104 N Washington St, Herkimer, NY 13350

Brandi Burns

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status: Licensed: 31 Years

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20 Church Ave, Ballston Spa, NY 12020

Carlotta Lucy Palmer

Public Interest Law, Employee Rights, Elder Law, Credit & Debt

Status: Licensed: 19 Years

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6 Market St, Amsterdam, NY 12010

David F. Devall

Divorce & Family Law, Bankruptcy, Criminal, Litigation

Status: Licensed: 48 Years

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59 Franklin Stret, Saratoga Springs, NY 12866

Edwin Michael Adeson

Real Estate, Traffic, Litigation, Lawsuit & Dispute, Bankruptcy

Status: Licensed: 31 Years

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1 Lawrence St, Glens Falls, NY 12801

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LEGAL TERMS

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.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

FCBA

See Fair Credit Billing Act.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

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.

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.

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Wells Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alan R. Lecours

Alex Colin Turnello

Anne J. White

Antonin I. Z. Robbason

Arnold B. Firestone

Beverley Joy Forrest

Brandi Burns

Carlotta Lucy Palmer

David F. Devall

Edwin Michael Adeson

TIPS

LEGAL TERMS

FRAUDULENT TRANSFER

TRADE DRESS

NONEXEMPT PROPERTY

LIMITED PARTNERSHIP

FCBA

CREDITOR

UNSECURED DEBT

LIMITED LIABILITY

BANKRUPTCY TRUSTEE

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