Camp Douglas Bankruptcy & Debt Lawyer, Wisconsin

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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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Berton Dale Sherman

Banking & Finance, Bankruptcy, Corporate, Business Organization

Status: In Good Standing

FREE CONSULTATION

CONTACT

104 Main Street, Black River Falls, WI 54615

Amie B. Trupke

Environmental Law Other, Workers' Compensation, Bankruptcy, Products Liability

Status: Suspended Licensed: 22 Years

CONTACT

6293 Quail Ct, Oregon, WI 53575

Andrew Aaron Van Sickle

Government, Family Law, Bankruptcy, Accident & Injury

Status: Suspended Licensed: 29 Years

CONTACT

733 James Ct, Pulaski, WI 54162

Ann E. Stevning-Roe

Real Estate, Government, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

214 W 5Th St, Marshfield, WI 54449

Anthony R. Varda

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 48 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Arthur A. Vogel

Environmental Law Other, Environmental Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

411 E Wisconsin Ave, Milwaukee, WI 53202

Benoit Letendre

Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

123 2Nd Street, Baraboo, WI 53913

Bernard J. Westfahl

Real Estate, Estate, Business, Credit & Debt

Status: In Good Standing Licensed: 53 Years

CONTACT

13307 Watertown Plank Rd, Elm Grove, WI 53122

Berton D. Sherman

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 72 Years

CONTACT

104 Main St, Black River Falls, WI 54615

Brady C. Williamson

Litigation, Communication & Media Law, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1 E Main St, Madison, WI 53701

800-923-0641

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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Camp Douglas Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Berton Dale Sherman

Amie B. Trupke

Andrew Aaron Van Sickle

Ann E. Stevning-Roe

Anthony R. Varda

Arthur A. Vogel

Benoit Letendre

Bernard J. Westfahl

Berton D. Sherman

Brady C. Williamson

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

UNSECURED DEBT

AUTOMATIC STAY

ADMINISTRATIVE EXPENSES

SETOFF

BANKRUPTCY

BULK SALES LAW

FAIR LABOR STANDARDS ACT (FLSA)

NUISANCE FEES

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