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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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Bernard D. Levine

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Bankruptcy & Debt, Estate, Real Estate, DUI-DWI, Divorce & Family Law

Bernard D. Levine is a practicing lawyer in the state of New York.

CONTACT

800-736-0841

70 Linden Oaks Office Park, Rochester, NY 14625

Kenneth Gallant

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Status:

FREE CONSULTATION

CONTACT

1425 Jefferson Road, Rochester, NY 14623

Barry Christopher Balonek

Family Law, Constitutional Law, Corporate, Credit & Debt

Status: Licensed: 49 Years

CONTACT

38 Wilelen Rd, Rochester, NY 14624

Kenneth Stuart Gallant

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

1425 Jefferson Road, Rochester, NY 14623

Andrew Kala Gonsalves

Health Care Other, Biotechnology, Commercial Bankruptcy, Patent

Status:

CONTACT

2000 Winton Road South, Rochester, NY 14618

Jennifer Montante

Accident & Injury, Bankruptcy, Estate, Social Security

Status:

FREE CONSULTATION

CONTACT

919 Winton Road, Rochester, NY 14618

Mary Jo S. Korona

Litigation, Employee Rights, Civil Rights, Bankruptcy Litigation, Bankruptcy & Debt

Status:

CONTACT

28 E Main St, Rochester, NY 14614

Anthony Joseph Adiutori

Real Estate, Banking & Finance, Credit & Debt, Collection

Status:

CONTACT

300 Bausch & Lomb Place, Rochester, NY 14604

Warren H. Heilbronner

Trusts, Estate, Civil & Human Rights, Bankruptcy

Status:

CONTACT

145 Culver Rd, Rochester, NY 14620

Agostino V. Coccia

Foreclosure, Consumer Protection, Collection, Personal Injury

Status:

CONTACT

One East Main Street, Rochester, NY 14614

800-814-6700

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LEGAL TERMS

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

DISCHARGE (OF DEBTS)

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

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.

COLLATERAL

Property that guarantees payment of a secured debt.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

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.

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.

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York Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bernard D. Levine

Kenneth Gallant

Barry Christopher Balonek

Kenneth Stuart Gallant

Andrew Kala Gonsalves

Jennifer Montante

Mary Jo S. Korona

Anthony Joseph Adiutori

Warren H. Heilbronner

Agostino V. Coccia

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LEGAL TERMS

PREFERENCE

DISCHARGE (OF DEBTS)

MEETING OF CREDITORS

COLLATERAL

GUARANTOR

ACCORD AND SATISFACTION

NO-FAULT INSURANCE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

TOXIC TORT

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