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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

George W. Redder

Corporate, Business Organization, Bankruptcy, Divorce

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243 Wall Street, Kingston, NY 12401

John H. Thomas

Bankruptcy, Landlord-Tenant, Real Estate, Litigation

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CONTACT

158 Orange Avenue, Walden, NY 12586

Mark T. Starkman

Administrative Law, Bankruptcy Litigation, Construction Liens, Credit & Debt

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Orange Avenue, Walden, NY 12586

Franklyn J. Engel

Foreclosure, Criminal, Consumer Protection, Bankruptcy

Status: Licensed: 54 Years

CONTACT

13 Streamside Ter, Woodstock, NY 12498

Lanny Earl Walter

Real Estate Other, Wills & Probate, Bankruptcy

Status: Licensed: 55 Years

CONTACT

301 Van Vlierden Rd, Saugerties, NY 12477

Mitchell Harvey Spinac

Bankruptcy, Divorce & Family Law, Child Custody, Divorce

Status: Licensed: 46 Years

CONTACT

325 Wall St, Kingston, NY 12401

Felicia S Raphael

Bankruptcy, State and Local, Civil Rights, Animal Bite, Criminal

Status: Licensed: 36 Years

CONTACT

275 Wall Street, Kingston, NY 12401

John Jay Wadlin

Real Estate, Estate, Bankruptcy, Personal Injury

Status: Licensed: 57 Years

CONTACT

255 Fair St, Kingston, NY 12402

Jason Joseph Kovacs

Real Estate, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: Licensed: 22 Years

CONTACT

255 Fair St, Kingston, NY 12402

Edmund Arthur Kavanagh

Estate Planning, Family Law, Bankruptcy, Personal Injury

Status: Licensed: 55 Years

CONTACT

255 Fair St, Kingston, NY 12402

800-814-6700

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LEGAL TERMS

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

DISCHARGE (OF DEBTS)

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

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

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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Willow Bankruptcy Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George W. Redder

John H. Thomas

Mark T. Starkman

Franklyn J. Engel

Lanny Earl Walter

Mitchell Harvey Spinac

Felicia S Raphael

John Jay Wadlin

Jason Joseph Kovacs

Edmund Arthur Kavanagh

TIPS

LEGAL TERMS

CREDIT BUREAU

REDEMPTION

DISCHARGE (OF DEBTS)

ABUSE

AUTOMATIC STAY

TOXIC TORT

DISCHARGEABLE DEBTS

REAFFIRMATION

FRATERNAL BENEFIT SOCIETY BENEFITS

SAMPLE LEGAL CASES

Barranco v. Cabrini Medical Center

Insurance Co. v. HSBC BANK USA

White v. Mazella-White

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